1318 W 35TH PL
LOS ANGELES, CA 90007
$1,555,000
7 Beds
5 Baths
2,879 Sq Ft
Status Active
MLS# 24-392393
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.
Details for 1318 W 35TH PL
$540 / Sq Ft
6 parking spaces
Other
18 Days on website
0.1562 acres lot