1253 W 35th Street

    Los Angeles (City), CA 90007
    • $2,500,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: PW18144653
    UPDATED: 44 min ago
    $2,500,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,510
      SQFT
    • $554
      $/SQFT
    Type:
    Multi-Family
    Built:
    2015
    County:

    School Ratings & Info

    Description

    High-end student housing duplex located at 1253 West 35th Street in Los Angeles, CA 90007. Located less than a quarter mile from the main University Park Campus of the University of Southern California and within the CS and DPS security zones, the asset is in the prime location to achieve top of market student housing rents. The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the $1 Billion George Lucas Narrative Art museum that recently broke ground. Constructed in 2015, the property consists of two spacious units each with five master bedrooms each with their own private bathrooms the most desirable configuration for students. The property is separately metered for utilities and there is security fencing surrounding the property as well as attractive landscaping throughout. There is professional management in place by Southland Student Housing, currently achieving strong market rents making this an attractive investment for any investor looking for stable and passive income in a rapidly appreciating area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T07:34:01.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84839620

    1253 W 35th Street Los Angeles (City), CA 90007

    • Price: $2,500,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: PW18144653
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,510
    SQFT
    $554
    $/SQFT
    2015
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    High-end student housing duplex located at 1253 West 35th Street in Los Angeles, CA 90007. Located less than a quarter mile from the main University Park Campus of the University of Southern California and within the CS and DPS security zones, the asset is in the prime location to achieve top of market student housing rents. The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the $1 Billion George Lucas Narrative Art museum that recently broke ground. Constructed in 2015, the property consists of two spacious units each with five master bedrooms each with their own private bathrooms the most desirable configuration for students. The property is separately metered for utilities and there is security fencing surrounding the property as well as attractive landscaping throughout. There is professional management in place by Southland Student Housing, currently achieving strong market rents making this an attractive investment for any investor looking for stable and passive income in a rapidly appreciating area.
    Exterior Features

    Garage Spaces 0.00 Lot Features Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Dryer IncludedWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 152880.00 Gross Scheduled Income 156000.00 Insurance Expense 1682.00 Land Lease YN No Laundry YN Yes Net Operating Income 108061.00 New Taxes Expense 30992.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 45069.00 Rent Control YN No Senior Community YN No Sewer None Special Listing Conditions Standard Total Expenses 45069.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lard2

    Listing provided courtesy of Daniel Lewin of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T07:34:01.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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