1372 W 35th Place, Los Angeles, CA 90007
Local realty services provided by:CENTURY 21 Discovery
1372 W 35th Place,Los Angeles, CA 90007
$2,590,000
- 14 Beds
- 10 Baths
- 5,004 sq. ft.
- Multi-family
- Active
Listed by: benjamin lee
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26990189
Source:CRMLS
Price summary
- Price:$2,590,000
- Price per sq. ft.:$517.59
About this home
We are pleased to present 1372 W 35th Pl, a newer construction 5-unit, 15-bed student housing asset built in 2022 and ideally located within walking distance of USC's University Park Campus. The property is fully leased for the 2026-2027 Academic Year and is THE LOWEST entry point for newer construction student housing in the USC submarket, providing investors with an attractive entry point into a high-demand rental market.1372 W 35th Pl is offered at a 7.23% CAP rate and 8.99 GRM on in-place income, with monthly gross income exceeding $22,000. The efficient unit mix includes two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit, offering flexibility to accommodate a broad range of student tenants. The property offers additional upside through rent growth and the potential to convert select units to double occupancy, giving new ownership multiple paths to increase income. Smaller, efficiently configured units can attract a broader tenant pool, lease quickly, and carry lower turnover risk than larger group-oriented layouts. Located within walking distance of USC's University Park Campus, USC Village, and surrounding amenities, the property benefits from strong and durable student housing demand. USC enrolls over 46,000 students, with approximately 65% living off campus, supporting continued demand for well-located housing near campus. Beyond its strong in-place cash flow, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act, creating potential tax advantages and making the property an attractive candidate for a cost segregation study. A turnkey opportunity to acquire newer construction student housing with strong current income, meaningful rental upside, and a prime location near USC....
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Home facts
- Year built:2022
- Listing ID #:26990189
- Added:2 day(s) ago
- Updated:September 26, 2026 at 10:51 AM
Rooms and interior
- Bedrooms:14
- Total bathrooms:10
- Kitchen Description:Dishwasher, Gas Range, Microwave, Refrigerator
- Living area:5,004 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2022
- Building area:5,004 sq. ft.
- Lot area:0.16 Acres
- Levels:1 Story
Finances and disclosures
- Price:$2,590,000
- Price per sq. ft.:$517.59
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:4
- Parking description:Driveway
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