CA > Los Angeles
Los Angeles, CA 90007,1327 W 35th St
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Los Angeles, CA 90007,1327 W 35th St
Los Angeles, CA 90007,1327 W 35th St
Los Angeles, CA 90007,1327 W 35th St
Los Angeles, CA 90007,1327 W 35th St
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Brandon Arlington

Brandon Arlington

+1(781) 385-0196
$ 1,795,000
Est. payment /mo
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1327 W 35th St Los Angeles, CA 90007

12 Beds

8 Baths

4,100 SqFt

UPDATED:

10/15/2024 04:08 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,100 sqft

Price per Sqft $437

MLS Listing ID 24-452686

Bedrooms 12

Year Built 1913

Lot Size 6,907 Sqft

Acres 0.1586

Property 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 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.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Air Conditioning, Other

Flooring Hardwood

Equipment Range/Oven, Refrigerator, Freezer, Dishwasher, Dryer, Other, Washer

Exterior

Garage Other, Assigned, Private

Garage Spaces 6.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Advisors