1318 W 35th Pl
1318 W 35th Pl | Los Angeles, CA 90007, USA |
$1,555,000
| MLS ID: 24-392393
7 Beds
5 Baths
2,879 Sq. Ft.
We are pleased to present the opportunity to acquire 1318 W. 35th Place, a three (3) unit student housing redevelopment investment, located in the desirable DPS Patrol Zone, and walking distance to the USC campus. This 6,800 SF lot offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development for an additional 2 units, totaling a potential 6 buildable units, plus the construction of ADU's to further increase cash-flow. Current income is $8,220/month. The asset presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The site allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth.
CA_CLAW
Represented By: CAROLWOOD
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Davis Saadian
License #: 01921748
310-402-8958
Email
- Main Office
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9440 Santa Monica Blvd.
Beverly Hills, CA 90210
USA