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1327 W 35th St 2 Unit Apartment Building $1,599,900 ($799,950/Unit) 7.11% Cap Rate Los Angeles, CA 90007
INVESTMENT HIGHLIGHTS
- Student Housing Investment Property
- Eight-Bed/Six-Bath Craftsman Mansion and a Rear Four-Bed/Two-Bath House
- Premium Rental Demand Due to Proximity to USC
- Attractive Seller Financing Available for Qualified Buyers
- Strong In-Place Cash Flow Plus Nine Percent Rental Upside
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present to market the student
housing investment property located at 1327 West 35th Street in Los
Angeles, California near the world-renowned University of Southern
California. The property’s location demands premium student
housing rental rates, making this an outstanding acquisition
opportunity for an investor looking for strong in-place cash flow,
and current rents offer an additional nine percent rental upside.
Furthermore, attractive seller financing is available to qualified
buyers.
1327 West 35th Street comprises a massive three-story, eightbedroom/
six-bathroom Craftsman mansion and a rear service house
that features four bedrooms and two baths. The property has been
renovated and boasts amenities such as new kitchen appliances,
furnished rooms with mini fridges, laundry facilities, on-site
parking, secure entry, and a bike storage room.
The property’s excellent location within the DPS Patrol Zone and
walking distance to campus make it a fantastic student housing
option. Student housing needs continue to grow, and two brand new
developments aimed toward student rentals are on the same block
as 1327 West 35th Street with several others underway nearby.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must 3
housing investment property located at 1327 West 35th Street in Los
Angeles, California near the world-renowned University of Southern
California. The property’s location demands premium student
housing rental rates, making this an outstanding acquisition
opportunity for an investor looking for strong in-place cash flow,
and current rents offer an additional nine percent rental upside.
Furthermore, attractive seller financing is available to qualified
buyers.
1327 West 35th Street comprises a massive three-story, eightbedroom/
six-bathroom Craftsman mansion and a rear service house
that features four bedrooms and two baths. The property has been
renovated and boasts amenities such as new kitchen appliances,
furnished rooms with mini fridges, laundry facilities, on-site
parking, secure entry, and a bike storage room.
The property’s excellent location within the DPS Patrol Zone and
walking distance to campus make it a fantastic student housing
option. Student housing needs continue to grow, and two brand new
developments aimed toward student rentals are on the same block
as 1327 West 35th Street with several others underway nearby.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. buyer must 3
PROPERTY FACTS
| Price | $1,599,900 | Apartment Style | Garden |
| Price Per Unit | $799,950 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.11% | Building Size | 4,108 SF |
| Gross Rent Multiplier | 9.77 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Zoning | LARD1.5 - residential | ||
| Price | $1,599,900 |
| Price Per Unit | $799,950 |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| Gross Rent Multiplier | 9.77 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 4,108 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | LARD1.5 - residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
SITE AMENITIES
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | - | 1,429 |
| 8+5 | 1 | - | 2,858 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (76)
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1327 W 35th St
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