1318 W 35th Place Los Angeles, CA ^$ 1,555,000

1318 W 35th Place

^$ 1,555,000

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Recently Listed

1318 W 35th Place

Los Angeles, CA, 90007

^$ 1,555,000

Bedrooms7 Baths5.0 Sq 2,879

Monthly Estimate*

^$ 10,335

Listed by Carolwood Estates

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Multi-Family Home for sale in Los Angeles, CA

for $1,555,000 with 7 bedrooms and 5 full baths. This 2,879 square foot home was built in 1908 on a lot size of 0.1562.

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.

Multi-Family Active

Price

^$ 1,555,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1562

Year Built

1908

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24392393

Days on Market

Features

General

Appliances Dishwasher Disposal Refrigerator Washer

Zoning LARD1.5

Year Built 1908

Stories 2

Levels Two

Gross Income 98640.0

County Los Angeles

Net Operating Income 70943.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Other Structures Sheds

Special Listing Conditions Standard

Status Active

Directions 1318 W. 35th Place Los Angeles CA 90007

City Los Angeles

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 3

MLS Area C34 - Los Angeles Southwest

Lot Size Units SquareFeet

Lot Size Square Feet 6803.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 35th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Occupancy Type Tenant

Exterior

Parking Features Assigned Gated

Total Parking 6.0

Lot Size Area 6803.0

Number of Buildings 1

Spa N

Building Area Total 2879.0

Lot Dimensions 50x136

Lot Size Acres 0.1562

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Place

Total Bedrooms 7

Electric On Property Y/N N

Total Baths 5

Internal Only

Street Number 1 1318

* Excluded Features

List By

Carolwood Estates

Broker

(310) 402-8958

Phone

Affordability Calculator

$10,335

Per Month

Monthly Principal & Interest: $10,335
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,987,900

Percent of Sale Price 28%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/16/2024	$1,555,000		Listed Price

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1318 W 35th Place, Los Angeles, CA, 90007 is a Multi-Family Home for sale at $1,555,000 with 2,879 sqft and a lot size of 0.1562. 1318 W 35th Place has 7 bedrooms, 5.0 baths, and was built in 1908. The property's zip code is 90007 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/2/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1318 W 35th Place

Multi-Family Home for sale in Los Angeles, CA

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