Homes for sale - 1327 W 35th ST, Los Angeles, CA 90007

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Kristine Marquez

kristine@kristinemarquez.com +1(714) 225-9415

$ 1,750,000

Est. payment | -/mo

15 Beds

8 Baths

4,100 SqFt

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$ 1,750,000

Est. payment | -/mo

Save

15 Beds

8 Baths

4,100 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,100 sqft

Price per Sqft $426

MLS Listing ID 25506913

Bedrooms 15

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1913

Lot Size 6,908 Sqft

Property Description

We are pleased to offer the opportunity to acquire two (2) single-family residences, consisting of 15-beds which can fit up to 19-beds. The properties are located in the highly desirable DPS Patrol Zone, and just minutes 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, new 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 compliance with 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, fully leased 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 7% Cap Rate Excellent cash-flow investment opportunity. Please email for the Executive Summary/ Financial Analysis.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air, Dual

Flooring Tile, Wood

Fireplaces Type Bonus Room, Bath, Den, Dining Room, Kitchen, Living Room

Fireplace Yes

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Parking Features Gated, Private

Community Features Gated

Total Parking Spaces 4

Building

Story 2

Entry Level Multi/Split

Architectural Style Craftsman

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5040003001

Security Features Security Gate,Gated Community

Special Listing Condition Standard

Listed by Davis Saadian • KW Advisors

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Kristine Marquez

Agent | License ID: 02151470

kristine@kristinemarquez.com

+1(714) 225-9415

Fullerton, CA, 92835

1327 W 35th ST Los Angeles, CA 90007

Kristine Marquez

Key Details

Location

Interior

Exterior

Building

Others

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1327 W 35th ST