1327 West 35th Street

Los Angeles, CA 90007

$1,795,000
Price
12
Beds
8
Baths
4,100 Sq. Ft.
$438 / Sq. Ft.
4,100
Sq. Ft.
$438
per Sq. Ft.

Description

We are pleased to offer the opportunity to acquire two (2) single-family residences, consisting of 12 bedrooms which can fit up to 19 beds. It is located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The two restored Craftsman homes were completely updated & remodeled in 2015 - featuring polished hardwood floors, stainless steel kitchen appliances, granite counter tops, and in-unit washer & dryers. Both properties have updated copper...We are pleased to offer the opportunity to acquire two (2) single-family residences, consisting of 12 bedrooms which can fit up to 19 beds. It is located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The two restored Craftsman homes were completely updated & remodeled in 2015 - featuring polished hardwood floors, stainless steel kitchen appliances, granite counter tops, and in-unit washer & dryers. Both properties have updated copper plumbing, electrical systems, roofs, and central HVAC. The structures were built in 1913, constructed of wood frame and stucco on a raised foundation, with a total square footage of 4,100 SF, on a 6,905 SF lot, zoned LARD1.5. The buildings have been reinforced and upgraded in compliancewith the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of one (1) 8-bedroom + 6-bathroom SFR, and one (1) 4-bedroom + 2-bathroom SFR. The bedrooms are spacious and furnished with beds, armoires, desks, mini-fridges, and individual thermostat controls. Combined with parental guarantees on some leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students and young working professionals, and fully leased for the 2024 - 2025 year, with a gross income of $13,600/month. There's approximately 20% potential upside in rents, which an investor can achieve closer to about $17,400/month. The expansive lot size allows an investor to add even more value to the property by constructing a 3-bedroom + 3-bathroom ADU to further increase cash-flow (buyer to verify). Currently priced at a 6.75% Cap Rate excellent cash-flow investment opportunity.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01854200 • KW Advisors

Property Details for 1327 West 35th Street

Zoning
LARD1.5
Parcel Number
5040003001
Total Units
2.0
Living Area
4100
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
6907
LISTING UPDATED: 10/23/2024 12:01 AM

Property Details for 1327 West 35th Street

StatusActive
MLS #24-452686
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.16 AC / 6,907 SF
CountyLos Angeles County

Building Information for 1327 West 35th Street

Stories3Residences-Year Built1913Building Size-Lot Size0.16 AC / 6,907 SF

Property Information for 1327 West 35th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $163,200
  • Net Operating Income: $121,127.00
  • Gross Income: $163,200
  • Cap Rate: 6.75%
  • Gross Rent Multiplier: $11.12
  • Total Annual Expense: 42073
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1586
  • Lot Size Square Feet: 6907
Parking Details
Parking Details
  • Parking Garage: Other, Assigned, Private
  • Total Parking: 6
  • Parking Features: Assigned, Private
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning, Other
  • Heating Type: Other
  • Flooring: Hardwood
  • Equipment: Range/Oven, Refrigerator, Freezer, Dishwasher, Dryer, Other, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 8
  • Unit Baths: 6
  • Unit Furnished: Yes
  • Unit Rent: $8,900.00
  • Unit Actual Rent: $8,900.00
  • Unit Projected Rent: $11,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $4,680.00
  • Unit Actual Rent: $4,680.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $455,130.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $682,695.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,137,825.00

Property History for 1327 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 1327 West 35th Street

Taxable ValueLand$696,348Additions$464,232Total$1,160,580
Tax Record2024$14,438 ($1,203 / month)
Home Facts
Total Finished SqFt3,449 SqFtAbove Grade Finished SqFt3,449 SqFtLot Size6,905 SqFtStyleTriplexYear Built1913ZoningLARD1.5CountyLOS ANGELESAPN5040-003-001

Schools near 1327 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.

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1327 West 35th Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on October 15, 2024 by KW Advisors, it's currently listed at $1,795,000. It has been on the market for a total of 38 days and was last sold on March 20, 2014. 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. 1327 West 35th Street is a 12-bed, 8-bath, 4,100 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Davis Saadian, DRE #01921748

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.