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12 Unit student bed by USC 1327 W 35th St 2 Unit Apartment Building $1,600,000 ($800,000/Unit) Los Angeles, CA 90007



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 | Apartment Style | Garden |
| Price Per Unit | $800,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,108 SF |
| Gross Rent Multiplier | 9.9 | 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 | $1,600,000 |
| 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 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5040-003-001 | Improvements Assessment | $473,516 |
| Land Assessment | $710,274 | Total Assessment | $1,183,790 |
Property Taxes
Parcel Number
5040-003-001
Land Assessment
$710,274
Improvements Assessment
$473,516
Total Assessment
$1,183,790
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12 Unit student bed by USC | 1327 W 35th St
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