1327 W 35th Street
Los Angeles, CA 90007
- – beds
- – baths
- – sqft
- 6,907 sqft lot
- 1913 build
- – on site
We are pleased to offer the opportunity to acquire two (2) single-family residences, consisting of 12 bedrooms which can fit up to 19 beds. It is located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC).The two restored Craftsman homes were completely updated & remodeled in 2015 - featuring polished hardwood floors, stainless steel kitchen appliances, granite counter tops, and in-unit washer & dryers. Both properties have updated copper plumbing, electrical systems, roofs, and central HVAC.The structures were built in 1913, constructed of wood frame and stucco on a raised foundation, with a total square footage of 4,100 SF, on a 6,905 SF lot, zoned LARD1.5. The buildings have been reinforced and upgraded in compliancewith the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of one (1) 8-bedroom + 6-bathroom SFR, and one (1) 4-bedroom + 2-bathroom SFR. The bedrooms are spacious and furnished with beds, armoires, desks, mini-fridges, and individual thermostat controls. Combined with parental guarantees on some leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students and young working professionals, and fully leased for the 2024 - 2025 year, with a gross income of $13,600/month. There's approximately 20% potential upside in rents, which an investor can achieve closer to about $17,400/month. The expansive lot size allows an investor to add even more value to the property by constructing a 3-bedroom + 3-bathroom ADU to further increase cash-flow (buyer to verify). Currently priced at a 6.75% Cap Rate excellent cash-flow investment opportunity.
Last checked:
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Last updated Oct 23, 2024
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MLS# 24452686 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1913
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New Construction:No
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Building Area Total:4100.00
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# of Buildings:2
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Total Number Of Units:2
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Stories Total:3
Interior
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Levels:Multi/Split
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Flooring:Wood
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:1327 W. 35th Street | Los Angeles 90007
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Latitude:34.02486600
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Longitude:-118.29824100
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:6907.0000
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Lot Size Acres:0.1586
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Lot Size SqFt:6907.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5040003001
Appliances
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Appliances:Dishwasher, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned, Private
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Parking Spaces:6.00
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 |
|---|---|---|---|---|
|
10/15/24
Oct 15, 2024
|
Listed / Active | CRMLS_CA | $1,795,000 | 289.4% (27.4% / YR) |
|
3/20/14
Mar 20, 2014
|
CRMLS_CA | $461,000 |
