1238 W 35th Street, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1238 W 35th Street,Los Angeles, CA 90007
$2,198,500
- 12 Beds
- - Baths
- 3,450 sq. ft.
- Multi-family
- Active
Listed by:gina ma
Office:irn realty
MLS#:CRAR25049725
Source:CA_BRIDGEMLS
Price summary
- Price:$2,198,500
- Price per sq. ft.:$637.25
About this home
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, and all rooms 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, living rooms, and on-site laun
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Home facts
- Year built:1908
- Listing Id #:CRAR25049725
- Added:161 day(s) ago
- Updated:August 15, 2025 at 02:33 PM
Rooms and interior
- Bedrooms:12
- Living area:3,450 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central
Structure and exterior
- Year built:1908
- Building area:3,450 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$2,198,500
- Price per sq. ft.:$637.25
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