1529 35Th PlLos Angeles, CA 90018

Property Details for 1529 35Th Pl

Year built

2024

Property size (Sq ft)

8,159 SF

Property type

Dormitories

Property subtype

Student housing

Description

This exceptional new construction student housing fourplex presents a compelling investment opportunity. Located just one mile from the University of Southern California, at 1529 W 35th Pl, Los Angeles, CA 90018, this property offers unparalleled convenience and high demand. The 8,159 square foot building, constructed in 2024, comprises two three-story buildings with four units totaling 25 bedrooms and 25 bathrooms. Each unit features modern kitchens with dual stainless steel appliances, in-unit laundry, and premium finishes. Currently boasting 96% occupancy, the property generates a 5.58% cap rate, projected to increase to 5.91% at full occupancy. The property sits on a 6,801 square foot lot and includes six parking spaces. The building is zoned LAR4. The asking price is $3,750,000, translating to $459.62 per square foot and $937,500 per unit. The property is fully operational, with management in place, offering a turnkey solution for investors. The large garage (900 sq ft) presents potential for conversion and additional rental income. All units have separate meters for gas, electric, and water. This is a rare opportunity to acquire a stabilized, cash-flowing asset in a highly competitive rental market, particularly given the limited new construction due to SB-8. This property is a truly exceptional investment.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0237

Longitude

-118.304

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