1460 W 35Th Street

Los Angeles, CA 90018

$1,500,000

List Price

45

bed Beds

45

shower Baths

10,248 sqft

straighten / sqft

1906

calendar_month Built

Property Description

We are pleased to present the opportunity to acquire this Fully Permitted Student Housing Construction project of 3 Residential Units totaling 45bd + 45bths, a couple of blocks away from the University of Southern California (USC). Located on 1460 W. 35th Street, this project is currently permitted with all permits paid for and in hand. The 4-story design consists of 2 residential units(21bd + 21 bth & 18bd + 18bth) + 1 ADU(6bd + 6bth) fully stacked with nearly identical floor plans totaling 10,248 SF of rentable square footage. An added benefit of the design is the inclusion of a two-car garage (total - 350 SF) along with two additional outdoor parking spaces. The property boasts a straightforward construction process, which will help any developer save on costs and expedite project completion. Expertly designed for co-living, each floor has ample living space for the tenants to enjoy as well as a private bathroom in each bedroom suite. The site comes with an SB8 Determination Letter that states that no affordable units are required in the new development! In addition to renting to students, the property also offers dual-use potential: it can be rented to affordable housing programs, with the possibility of earning up to $1,200 per room in rent (Buyer to Verify).The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Please contact listing agent for more details!

Listing Information

List Price $1,500,000
Status Active
MLS 24436375
Type Residential
Subtype Single Family Residence
Year Built 1906
Lot Size 6,801
Structure Size 10,248
DOM 8
Courtesy Of Keller Williams Beverly Hills
Listing Agent Adam Shamooelian DRE#02116849

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 45
Total Bathroom
Bathrooms 45

Exterior Information

Maps

Listing information courtesy of: Adam Shamooelian, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:17 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.