1372 W 35th PL, Los Angeles, CA 90007
1372 W 35th PL, Los Angeles, CA 90007
1372 W 35th PL, Los Angeles, CA 90007
1372 W 35th PL, Los Angeles, CA 90007
1372 W 35th PL, Los Angeles, CA 90007
1372 W 35th PL, Los Angeles, CA 90007
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Juan Ramirez

Juan Ramirez

+1(619) 972-4733
$ 2,590,000
Est. payment | /mo

14 Beds

10 Baths

5,004 SqFt

Save
$ 2,590,000
Est. payment | /mo
Save

14 Beds

10 Baths

5,004 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,004 sqft

Price per Sqft $517

MLS Listing ID 26990189

Bedrooms 14

HOA Y/N No

Year Built 2022

Lot Size 6,804 Sqft

Property Description

We are pleased to present 1372 W 35th Pl, a newer construction 5-unit, 15-bed student housing asset built in 2022 and ideally located within walking distance of USC's University Park Campus. The property is fully leased for the 2026-2027 Academic Year and is THE LOWEST entry point for newer construction student housing in the USC submarket, providing investors with an attractive entry point into a high-demand rental market.1372 W 35th Pl is offered at a 7.23% CAP rate and 8.99 GRM on in-place income, with monthly gross income exceeding $22,000. The efficient unit mix includes two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit, offering flexibility to accommodate a broad range of student tenants. The property offers additional upside through rent growth and the potential to convert select units to double occupancy, giving new ownership multiple paths to increase income. Smaller, efficiently configured units can attract a broader tenant pool, lease quickly, and carry lower turnover risk than larger group-oriented layouts. Located within walking distance of USC's University Park Campus, USC Village, and surrounding amenities, the property benefits from strong and durable student housing demand. USC enrolls over 46,000 students, with approximately 65% living off campus, supporting continued demand for well-located housing near campus. Beyond its strong in-place cash flow, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act, creating potential tax advantages and making the property an attractive candidate for a cost segregation study. A turnkey opportunity to acquire newer construction student housing with strong current income, meaningful rental upside, and a prime location near USC.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway

Community Features Gated

Total Parking Spaces 4

Building

Story 2

Entry Level One

Level or Stories One

New Construction Yes

Others

Senior Community No

Tax ID 5040005026

Security Features Fire Detection System,Fire Sprinkler System,Gated Community,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715

NEARBY SCHOOLS & PROPERTIES

Juan Ramirez

+1(619) 972-4733

realtorjuanramirez@gmail.com

United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Real Broker, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1372 W 35th PL