1286 W 35th PL new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,090 sqft
Price per Sqft $703
MLS Listing ID 25526259
Bedrooms 25
HOA Y/N No
Year Built 2025
Lot Size 5,710 Sqft
Property Description
We are pleased to present 1286 W 35th Pl, a newly constructed 25-bed student housing opportunity located just west of the University of Southern California, within the USC Department of Public Safety 24 Hour Patrol Zone. The property is currently in lease up, drawing from the strong demand for off-campus housing from the 47,000 students currently enrolled at the University of Southern California. Approximately ~60% of all USC students live in off-campus housing, offering new ownership predictable demand and a low vacancy rate tied to one of the nation's top academic institutions. USC continues to rise in academic rankings, setting a record high applications and record low acceptance rate in 2024. The property features two three-bedroom units, two five-bedroom units, and one six-bedroom unit, along with three tandem parking spaces and one single space. All units are fully furnished and offer spacious floor plans with abundant natural light and contemporary finishes, including brand new flooring, tile bathrooms with modern vanities and quartz countertops, and kitchens equipped with stainless steel appliances, built-in microwaves, solid-surface counters, and ample cabinetry. Additional highlights include built-in closets, in-unit washer and dryer, central heating and air conditioning, and double-pane windows. The bedrooms feature a mix of double occupancy, single occupancy ensuite bathroom and single occupancy shared bathroom, offering bedrooms across a range of price points to attract students seeking off-campus accommodation at varying price points. At the asking price, the property is being offered at $199,552 per bed with a projected 6.57% CAP rate and 11.34 GIM upon stabilization. Multiple bedrooms in the property are oversized, offering an investor further upside through additional double occupancy bedrooms, bringing the total potential bed count to 27. The property also features solar panels, tankless water heaters, security camera system, and is separately metered for water, gas and electricity. The subject property is a half-mile walk to the main University Park Campus of USC and less than a mile from USC Village. It is also down the street from the Expo/Vermont metro rail station, allowing residents an easy commute to Downtown Los Angeles, Mid-City, and the Westside outside of their daily commute to campus.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 7
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5040006001
Special Listing Condition Standard