1238 W 35th Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 7,094 sqft lot
- 1908 build
- – on site
The Best Location for Value-add USC off Campus Student Housing investment opportunity, only 2 Blocks away to University of Southern California (USC), located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, and currently collecting gross rents of $15,050/month, cap rate around 6.6%, GRM12.98. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5. The subject property is composed of two separate structures (1238 W. 35th St. and 3554-3556 S Budlong Ave) and consists of 3 spacious units, with a unit mix consisting of (1) 6-bedroom + 3-bathroom unit of total rent $7850/month, and (2) 3-bedroom + 1-bathroom units of total rent $7200/month. The property has been recently fully updated/ remodeled - featuring laminated/wood floors, Newly painted, Updated kitchen with stainless steel kitchen appliances, lots of updated cabinets, pantry and counter tops, copper plumbing throughout ( buyer verify). The investment boasts spacious floor plans, secured gated entry, and on-site laundry. The property is approximately 3450 s.f., 7094 s.f. lot, 12 bed, 5 bath, living rooms, and on-site laundry room...This property has charming turn of the century details that you will adore. As a bonus, this Property offers 10 Private on-site Parking Spaces which the students loved so much, and 3 individually metered for gas and electricity and 2 individual water meters. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property is collecting gross rents of $15,050/month. Don't miss!
Last checked:
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Last updated Mar 10, 2025
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MLS# AR25049725 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1908
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3450.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:3
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# of Separate Water Meters:2
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# of Separate Electric Meters:3
Interior
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Entry Location:front
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Laundry:Dryer Included, Washer Included
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Laundry:1
Location
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Directions:Cross Street is S. Budlong Ave.
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Latitude:34.02390500
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Longitude:-118.29571600
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LARD1.5
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Lot Features:Lot 6500-9999
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Lot Size Area:7094.0000
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Lot Size Acres:0.1629
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Lot Size SqFt:7094.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2226.00
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Tax Tract:222...
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Tax Lot:11
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5040018011
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air, Wall/Window Unit(s)
Utilities
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Sewer:Unknown
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Water Source:Other
The Community
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Features:Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Auto Driveway Gate, Private
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Parking Spaces:10.00
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Uncovered Spaces:10.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/6/25
Mar 6, 2025
|
Listed / Active | CRMLS_CA | $2,345,000 | 24.7% (9.5% / YR) |
|
7/29/22
Jul 29, 2022
|
CRMLS_CA | $1,880,000 | -4.8% | |
|
6/10/22
Jun 10, 2022
|
CRMLS_CA | $1,975,000 | 92.7% (11.4% / YR) |
