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Executive Summary

Partners CRE is pleased to present for sale a 12-unit student housing property located by USC. This property is two houses on a lot. One four-bedroom house, and one 8-bedroom house. Each room has a separate lease. Located in the coveted USC Security Patrol Zone and just 3 blocks from campus, this exceptional student housing investment is a high-performing asset in one of Los Angeles' most sought-after rental markets. The University of Southern California is world renown and one of the top rated institutions in the country. Because of proximity to campus, this property consistently commands premium rents, catering to both USC students and young professionals. Property includes two beautifully restored Craftsman residences totaling 12 bedrooms, with the potential to accommodate up to 19 occupants. Originally built in 1913 and beautifully renovated, the residences feature polished hardwood floors, granite countertops, stainless steel appliances, laundry, central HVAC, and updated systems including copper plumbing, electrical, and roofing. Each bedroom is spacious and well-appointed with furnishings such as beds, desks, armoires, and mini-fridges, along with individual climate controls. The property also offers on-site parking, secure entry, and additional amenities that enhance tenant appeal. This is a turnkey investment with excellent operating fundamentals. With the addition of the brand-new George Lucas Museum, the LAFC Stadium, upcoming 2028 Olympic events and much more, this location will continue to see increasing demand, and huge long-term growth.

Property Facts

Price $1,600,000
Price Per Unit $800,000
Sale Type Investment
Sale Condition 1031 Exchange
Gross Rent Multiplier 9.9
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
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
5040-003-001
Land Assessment
$710,274
Improvements Assessment
$473,516
Total Assessment
$1,183,790
  • Listing ID: 39979220

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 1327 W 35th St, Los Angeles, CA 90007

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