1460 W 35th St - Residential LAND FOR SALE


Los Angeles, CA 90018 6,800 SF
$1,500,000 USD
310-658-2668
1460 W 35th St, Los Angeles, CA for Sale
$1,500,000 USD
Residential LAND - FOR SALE
1/7
6,800 SF

1460 W 35th St
Los Angeles, CA 90018


HIGHLIGHTS

  • Fully Permitted Student Housing Development Opportunity located a couple of blocks away from the USC Campus
  • 45 Bed + 45 Bath Design
  • LARD2 Zoning - Lot Size 6,799 SF
  • All Permits Have Been Paid for Already!
  • Property to be Delivered Vacant

OVERVIEW

The Shamooelian Real Estate Group is pleased to present the opportunity to acquire this Fully Permitted Student Housing Construction project of 3 Residential Units totaling 45bd + 45bths, a couple of blocks away from the University of Southern California (USC). Located on 1460 W. 35th Street, this project is currently permitted with all permits paid for and in hand. The 4-story design consists of 2 residential units(21bd + 21 bth & 18bd + 18bth) + 1 ADU(6bd + 6bth) fully stacked with nearly identical floor plans totaling 10,248 SF of rentable square footage. An added benefit of the design is the inclusion of a two-car garage (total - 350 SF) along with two additional outdoor parking spaces. The property boasts a straightforward construction process, which will help any developer save on costs and expedite project completion. Expertly designed for co-living, each floor has ample living space for the tenants to enjoy as well as a private bathroom in each bedroom suite. The site comes with an SB8 Determination Letter that states that no affordable units are required in the new development! In addition to renting to students, the property also offers dual-use potential: it can be rented to affordable housing programs, with the possibility of earning up to $1,200 per room in rent (Buyer to Verify).The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Please contact listing agent for more details! PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/ACRE

$9,610,237/AC

PRICE/SF

$221 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Student Housing Development Opportunity USC

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.16 AC

LAND SF

6,799 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAR4

APN/PARCEL ID

5041-010-027

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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