1238 35th Street, Los Angeles, CA 90007

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
1238 35th Street,Los Angeles, CA 90007
$2,198,500
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:gina ma
Office:irn realty
MLS#:AR25049725
Source:CAREIL

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

  • Year built:1908
  • Listing Id #:AR25049725
  • Added:66 day(s) ago
  • Updated:August 14, 2025 at 04:12 PM

Heating and cooling

  • Cooling:Central Air, Window/Wall Unit
  • Heating:Central Forced Air

Structure and exterior

  • Year built:1908
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$2,198,500
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