1281 West 35th Street

Los Angeles, CA 90007

$2,500,000
Price
15
Beds
9
Baths
5,178 Sq. Ft.
$483 / Sq. Ft.
5,178
Sq. Ft.
$483
per Sq. Ft.

Description

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...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.
  1. Listed by Bo Hyeok Kim • DRE #01968218 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1281 West 35th Street

Zoning
LARD2
Parcel Number
5040021020
Total Units
3.0
Living Area
5178
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
6.6
Lot Size Area
7000
LISTING UPDATED: 11/22/2024 12:01 AM

Property Details for 1281 West 35th Street

StatusActive
MLS #24-463429
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.16 AC / 7,000 SF
CountyLos Angeles County

Building Information for 1281 West 35th Street

Stories-Residences-Year Built1906Building Size-Lot Size0.16 AC / 7,000 SF

Property Information for 1281 West 35th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $154,536
  • Net Operating Income: $93,518.00
  • Gross Income: $154,536
  • Gross Rent Multiplier: $16.17
  • Total Annual Expense: 56381
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 7000
  • Lot Size Dimensions: 50x140
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway, Gated
  • Total Parking: 0
  • Parking Features: Driveway, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,583.00
  • Unit Actual Rent: $4,583.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,761.00
  • Unit Actual Rent: $3,761.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 6
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,534.00
  • Unit Actual Rent: $4,534.00
  • Unit Projected Rent: $7,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $473,030.00
  • Assessed Improvement Percent: 24.32
  • Assessed Land Value: $1,471,649.00
  • Assessed Land Percent: 75.68
  • Assessed Total Value: $1,944,679.00

Property History for 1281 West 35th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1281 West 35th Street

Taxable ValueLand$1,501,081Additions$482,490Total$1,983,571
Tax Record2024$24,487 ($2,041 / month)
Home Facts
Total Finished SqFt5,178 SqFtAbove Grade Finished SqFt5,178 SqFtLot Size7,000 SqFtStyleTriplexYear Built1906ZoningLARD2CountyLOS ANGELESAPN5040-021-020

Schools near 1281 West 35th Street

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.

Similar Homes

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1281 West 35th Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on November 14, 2024 by Coldwell Banker Realty, it's currently listed at $2,500,000. It has been on the market for a total of 37 days and was last sold on January 31, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include John W. Mack Elementary School, Foshay Learning Center and Manual Arts Senior High School. 1281 West 35th Street is a 15-bed, 9-bath, 5,178 sqft multi-family home built in 1906.

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Listing Courtesy of Coldwell Banker Realty, Bo Hyeok Kim, DRE #01968218

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.