1266 35th Place, Los Angeles, CA 90007
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Listed Price :
$995,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1920
Property Description
Introducing an exceptional Student Housing Portfolio featuring three free-standing houses and six parking spots, ideally situated just two blocks west of USC within the DPS patrol and Lyft zone, offering students convenient and complimentary transportation services. The property boasts full occupancy with USC students, secured by 1-year lease agreements typically backed by parents. All student leases start August 1st, and end July 29th the next year. All current students are graduating this year - property could be delivered vacant by July 29, 2024. Each one-story house underwent extensive remodeling, including updates to plumbing, electric and sewer systems, bathrooms, kitchens, tiled flooring, granite countertops, and appliances. The configuration includes two 2-bedroom, 1-bathroom houses, alongside a unique 1-bedroom, 1-bathroom house utilized as two separate rooms. Each house offers a distinct floor plan with dual entrances, ensuring added privacy for each student. Surrounded by lush greenery, the property features on-site laundry facilities and bike racks. This emphasis on privacy and natural surroundings appeals to students seeking the comforts of a home over multi-unit buildings. This investment opportunity presents a prime chance for investors to acquire a premier student housing portfolio in the desirable USC submarket. For developers/investors, the option to acquire the adjacent property at 1270 W 35th Place further enhances the opportunity, enabling the development of multi-unit student housing on a sizable combined lot of 9,636 sq ft, a rarity in this area. Or living in one house and renting out others can be a smart financial move, providing you with a stable income stream while potentially helping you build equity in the properties you own. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS. ALL OFFERS DUE ON 5/8/24 AT 5 PM.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1266 35th Place |
| City |
Los Angeles |
| State |
CA |
| Zip |
90007 |
| County |
Los Angeles |
| Listing Agent |
Anna Kadinowa DRE #01908285 |
| Co-Listing Agent |
Kirby Gillon DRE #01960253 |
| Courtesy Of |
Christie's AKG |
| List Price |
$995,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
4,725 |
| Year Built |
1920 |
Listing information courtesy of: Anna Kadinowa, Kirby Gillon, Christie's AKG. *Based on information from the Association of REALTORS/Multiple Listing as of May 4th, 2024 at 5:14 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
