1318 W 35th Place Los Angeles, CA 90007
We are pleased to present the opportunity to acquire 1318 W. 35th Place, a three (3) unit student housing redevelopment investment, located in the desirable DPS Patrol Zone, and walking distance to the USC campus. This 6, 800 SF lot offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development for an additional 2 units, totaling a potential 6 buildable units, plus the construction of ADU's to further increase cash-flow. Current income is $8, 220/month. The asset presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The site allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site20 Days
- MLS StatusPending
- MLS ID Number24392393
- Home Size Source N/A
- Year Built1908
- Lot Size0.1562 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking AssignedGated
- Parking Spaces 6
- Number of Stories 22
- Acreage 0.1562
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Appliances DishwasherDisposalRefrigerator
- Laundry Features Washer Included
Exterior Features
- Other Structures Shed(s)
Community Features
- Senior Community No
- MLS Area C34 - Los Angeles Southwest