Back

1 of 37

2 of 37

3 of 37

4 of 37

5 of 37

6 of 37

7 of 37

8 of 37

9 of 37

10 of 37

11 of 37

12 of 37

13 of 37

14 of 37

15 of 37

16 of 37

17 of 37

18 of 37

19 of 37

20 of 37

21 of 37

22 of 37

23 of 37

24 of 37

25 of 37

26 of 37

27 of 37

28 of 37

29 of 37

30 of 37

31 of 37

32 of 37

33 of 37

34 of 37

35 of 37

36 of 37

37 of 37

1529 W 35th Pl
Los Angeles, CA 90018

$3,750,000 USD

Apartments For Sale • 8,159 SF

Property Details

Property Type Apartments
Total Building Size 8,159 SF
Lot Size 0.16 AC
Building Class B
Year Built 2024
Cap Rate 5.91 %
Zoning LAR4

62 Transit Score

80 Walk Score

                
                    Highlights
                
                                Already fully operational student housing development! Management in place!
                            
                                Prime location walking distance to USC (1 mile directly to the east).
                            
                                MAJOR CASH COW! Currently at a 5.48% cap rate at 96% occupancy. Will jump to a 5.91% cap rate once the final bedroom is rented.
                            
                                Unbeatable student housing unit mix consisting of one 9 bed, one 7 bed, one 6 bed and one 3 bed!
                            
                                Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!  Outstanding price per SF of $459.62.

Financial Summary (Proforma)

Net Operating Income: $221,735 USD (2024)

Cap Rate:	5.91 %
Total Expenses:	$96,908 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	11 min	-	5.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	13 min	-	6.0 mi
Transit/Subway	Drive	Walk	Distance
Expo/Western (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Los Angeles International	20 min	-	10.3 mi
Bob Hope	27 min	-	15.0 mi
Long Beach (Daugherty Field)	30 min	-	21.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Elizabeth Maddox 818-859-7242 Myunits.com

1529 W 35th Pl Los Angeles, CA 90018