1281 W 35th St - Apartments FOR SALE


Los Angeles, CA 90007- South Central LA
$2,500,000 USD
213-277-8895
1281 W 35th St, Los Angeles, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

1281 W 35th St
Los Angeles, CA 90007
South Central LA


HIGHLIGHTS

  • Student Housing Investment opportunity
  • USC Patrol Zone
  • Potential ADU - Value Add
  • Excellent Unit Mix
  • Great Location : Easy access to FWY 10 & 110

OVERVIEW

Coldwell Banker Realty is pleased to present the opportunity to acquire a 3 unit apartment building in Los Angeles adjacent USC, located within USC Patrol Zone.Built in 1906 and expanded 2010,the subject property offers a unit mix of 1 four-bedroom four-bathroom, 1 five-bedroom three-bathroom, and1 six-bedroom two-bathroom. Gas and electricity (Solar Panel) are separately metered while water is mastered. Most of the interior units were upgraded in 2021, designed with co-living in mind. The building features stucco and wood- frame construction and provides seven parking spots for on-site tenants. This is an exceptional opportunity for student housing investment, where tenant leases typically align with the academic calendar of one of the nation’s top private universities.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

3

PRICE/UNIT

$833,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USC Value Add-Student Housing Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

LARD2

APN/PARCEL ID

5040-021-020

ASK ABOUT THIS PROPERTY

Bo KimColdwell Banker Commercial RealtyMore Info
213-277-8895

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Bo KimColdwell Banker Commercial RealtyMore Info
213-277-8895

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.