1318 West 35th Place
1318 West 35th Place
$1,555,000
7
5
2,879
2,879
$540
Description
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...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.
- Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates
Property Details for 1318 West 35th Place
Zoning
LARD1.5
Parcel Number5040005016
Total Units3.0
Living Area2879
Source Living AreaVendor Enhanced
AreaLos Angeles Southwest (C34)
Vacancy Rate0
Lot Size Area6803
Location
LISTING UPDATED: 05/23/2024 12:01 AM
Property Details for 1318 West 35th Place
Status | Active |
---|---|
MLS # | 24-392393 |
Days on Market | 19 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1908 |
Lot Size | 0.16 AC / 6,803 SF |
County | Los Angeles County |
Location
Building Information for 1318 West 35th Place
Stories2Residences-Year Built1908Building Size-Lot Size0.16 AC / 6,803 SF
Payment Calculator
$9,412 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1318 West 35th Place
Property History for 1318 West 35th Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1318 West 35th Place
Taxable ValueLand$530,214Additions$353,475Total$883,689
Tax Record2023$11,115 ($926 / month)
Home Facts
Total Finished SqFt2,879 SqFtAbove Grade Finished SqFt2,879 SqFtLot Size6,801 SqFtStyleTriplexYear Built1908ZoningLARD1.5CountyLOS ANGELESAPN5040-005-016
Schools near 1318 West 35th Place
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
John W. Mack Elementary School PublicK to 5 | ||
Foshay Learning Center PublicK to 12 | ||
Manual Arts Senior High School Public9 to 12 | ||
Stem Preparatory Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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