1372 W 35th Place, Los Angeles, CA 90007 - Berkshire Hathaway HomeServices California Properties

1372 W 35th Place, Los Angeles, CA 90007

$3,347,000 Approx. USD 15 beds, 13 baths
5,448 sqft

Listing Agent


Davis Saadian | davis@saadiangroup.com
Lic#: 01921748
Broker: Courtesy of Keller Williams Hollywood Hills

Agent Remarks

We are pleased to offer the opportunity to acquire this brand new construction five (5) unit, 15-bedroom, student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This turnkey, 2022 new construction investment features fully furnished bedrooms, brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The building is approximately 5,448 rentable square feet on a 6,800 square foot lot, consisting of (2) 3-bedroom + 3-bathroom units, (2) 4-bedroom + 3-bathroom units, and (1) 1-bedroom + 1-bathroom unit.Combined with parental guarantees on 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 fully leased for the year, with a gross income of $25,348/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $27,000/month. The investment is priced at a current 7.1% Cap Rate & 11.6x GRM.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25529307
Price: $3,347,000
Beds: 15
Baths: 13
Built in 2021
5,448 sqft
0.16 acres
Lot size: 0.1562
County: Los Angeles
Zoning: LARD1.5
Appliances: Dishwasher,Disposal,Refrigerator,Dryer,Washer
Parking description: Assigned
Heating/cooling: Dual
Heating description: Central
MLS area: C34 - Los Angeles Southwest

Last Updated: 5/1/2025

 Days On Market (DOM): 56

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 34.023419, -118.299545.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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