Los Angeles, CA 90007,1327 W 35th St
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Los Angeles, CA 90007,1327 W 35th St
Los Angeles, CA 90007,1327 W 35th St
Los Angeles, CA 90007,1327 W 35th St
Los Angeles, CA 90007,1327 W 35th St
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$ 1,750,000
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1327 W 35th St Los Angeles, CA 90007

15 Beds

8 Baths

4,100 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,100 sqft

Price per Sqft $426

MLS Listing ID 25506913

Style Craftsman

Bedrooms 15

Construction Status Updated/Remodeled

Year Built 1913

Lot Size 6,907 Sqft

Acres 0.1586

Property Sub-Type Multi-Family

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 Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other, Central

Cooling Air Conditioning, Central, Dual, Other

Flooring Hardwood, Other, Tile

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

Equipment Dishwasher, Range/Oven, Dryer, Washer, Freezer, Garbage Disposal, Other, Recirculated Exhaust Fan, Refrigerator

Laundry In Unit, Inside

Exterior

Parking Features Private, Other, Gated

Garage Spaces 4.0

Building

Story 2

Architectural Style Craftsman

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by KW Advisors

GET MORE INFORMATION

Name

Phone*

Message

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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