Property Details
About this Property
The Best Location for Value-add USC off Campus Student Housing investment opportunity, only 2 Blocks away to University of Southern California (USC), located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, total 12bed rooms, and 11 rooms already pre-leased for the upcoming 2025-2026 school year with USC students. Currently collecting gross rents of $15,050/month, cap rate around 7%, GRM12.17. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5. The subject property is composed of two separate structures (1238 W. 35th St. and 3554-3556 S Budlong Ave) and consists of 3 spacious units, with a unit mix consisting of (1) 6-bedroom + 3-bathroom unit of total rent $7850/month, and (2) 3-bedroom + 1-bathroom units of total rent $7200/month. The property has been recently fully updated/ remodeled - featuring laminated/wood floors, Newly painted, Updated kitchen with stainless steel kitchen appliances, lots of updated cabinets, pantry and counter tops, copper plumbing throughout ( buyer verify). The investment boasts spacious floor plans, secured gated entry, and on-site laundry. The property is approximately 3450 s.f., 7094 s.f. lot, 12 bed, 5 bath
MLS Listing Information
MLS #
CRAR25049725
MLS Source
California Regional MLS
Days on Site
79
Interior Features
Appliances
Dryer, Washer
Cooling
Central Forced Air, Window/Wall Unit
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Gate/Door Opener, Private / Exclusive, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1238 W 35th St is a Triplex in Los Angeles, CA 90007. This – square foot property sits on a 7,094 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,198,500 and was built in 1908. This address can also be written as 1238 W 35th St, Los Angeles, CA 90007.
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This listing information is up-to-date as of May 14, 2025. For the most current information, please contact Gina Ma
