12
See all 12 photos
$2,590,000
Est. payment /mo
14 Beds
10 Baths
5,004 SqFt
New
1372 W 35th PL Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,004 sqft
Price per Sqft $517
MLS Listing ID 26990189
Bedrooms 14
HOA Y/N No
Year Built 2022
Lot Size 6,804 Sqft
Property Description
We are pleased to present 1372 W 35th Pl, a newer construction 5-unit, 15-bed student housing asset built in 2022 and ideally located within walking distance of USC's University Park Campus. The property is fully leased for the 2026-2027 Academic Year and is THE LOWEST entry point for newer construction student housing in the USC submarket, providing investors with an attractive entry point into a high-demand rental market.1372 W 35th Pl is offered at a 7.23% CAP rate and 8.99 GRM on in-place income, with monthly gross income exceeding $22,000. The efficient unit mix includes two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit, offering flexibility to accommodate a broad range of student tenants. The property offers additional upside through rent growth and the potential to convert select units to double occupancy, giving new ownership multiple paths to increase income. Smaller, efficiently configured units can attract a broader tenant pool, lease quickly, and carry lower turnover risk than larger group-oriented layouts. Located within walking distance of USC's University Park Campus, USC Village, and surrounding amenities, the property benefits from strong and durable student housing demand. USC enrolls over 46,000 students, with approximately 65% living off campus, supporting continued demand for well-located housing near campus. Beyond its strong in-place cash flow, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act, creating potential tax advantages and making the property an attractive candidate for a cost segregation study. A turnkey opportunity to acquire newer construction student housing with strong current income, meaningful rental upside, and a prime location near USC.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway
Community Features Gated
Total Parking Spaces 4
Building
Story 2
Entry Level One
Level or Stories One
New Construction Yes
Others
Senior Community No
Tax ID 5040005026
Security Features Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)
Special Listing Condition Standard
Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715
NEARBY SCHOOL & BUSINESS
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