-
1327 W 35TH ST LOS ANGELES, CA 90007
- Townhouse or Condo / Resale (MLS)
Property Details for 1327 W 35TH ST, LOS ANGELES, CA 90007
Features
- Price/sqft: $437
- Lot Size: 6905 sq. ft.
- Total Units: 3
- Total Rooms: 5
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Heating: 24
- Construction Type: Wood
Facts
- Year Built: 01/01/1913
- Property ID: 928250659
- MLS Number: 24-452686
- Parcel Number: 5040-003-001
- Property Type: Townhouse or Condo
- County: LOS ANGELES
- Legal Description: HOWES TRACT LOT/SEC 1 BLK/DIV/TWN 8
- Zoning: LARD1.5
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. We are pleased to offer the opportunity to acquire two (2) single-family residences, consisting of 12 bedrooms which can fit up to 19 beds. It is located in the highly desirable DPS Patrol Zone, and walking distance 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, 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 compliancewith 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, and fully leased for the 2024 - 2025 year, 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 6.75% Cap Rate excellent cash-flow investment opportunity.
Real Estate Professional In Your Area
Are you a Real Estate Agent?
Get Premium leads by becoming a RealtyStore.com preferred agent for listings in your area
Click here to view more details
Property Brokerage:
Keller Williams Santa Monica
11812 San Vicente Blvd. Suite 100
Los Angeles
CA
90405
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
You Might Also Like
Search Resale (MLS) Homes Near 1327 W 35TH ST
Zip Code Resale (MLS) Home Search
City Resale (MLS) Home Search
- Alhambra, CA
- Bell Gardens, CA
- Beverly Hills, CA
- Burbank, CA
- Culver City, CA
- El Segundo, CA
- Gardena, CA
- Glendale, CA
- Hawthorne, CA
- Huntington Park, CA
- Inglewood, CA
- Lynwood, CA
- Marina Del Rey, CA
- Maywood, CA
- Playa Del Rey, CA
- South Gate, CA
- Studio City, CA
- Universal City, CA
- Venice, CA
- West Hollywood, CA