1238 W 35th Street, Los Angeles, CA 90007

Local realty services provided by:ERA North Orange County Real Estate
1238 W 35th Street,Los Angeles, CA 90007
$2,198,500
  • 12 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:gina ma
Office:irn realty
MLS#:AR25049725
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,198,500

About this home

The Best Location for Value-add USC off Campus Student Housing investment opportunity, only 2 Blocks away to University of Southern California (USC), located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, and all rooms pre-leased for the upcoming 2025-2026 school year with USC students. Currently collecting gross rents of $15,050/month, cap rate around 7%, GRM12.17. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5. The subject property is composed of two separate structures (1238 W. 35th St. and 3554-3556 S Budlong Ave) and consists of 3 spacious units, with a unit mix consisting of (1) 6-bedroom + 3-bathroom unit of total rent $7850/month, and (2) 3-bedroom + 1-bathroom units of total rent $7200/month. The property has been recently fully updated/ remodeled - featuring laminated/wood floors, Newly painted, Updated kitchen with stainless steel

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Home facts

  • Listing ID #:AR25049725
  • Added:206 day(s) ago
  • Updated:September 29, 2025 at 01:51 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:5

Heating and cooling

  • Cooling:Central Forced Air, Wall/Window

Finances and disclosures

  • Price:$2,198,500
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