Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

4,384 sqft

Lot size

6,792 sqft

Year built

1966

Stories

0

Status

Active

Days on market

8

MLS #

246176527

About this property

We are pleased to present 1339 W. 35th Place, a rare vacant development opportunity in the highly desirable USC student-housing market. Situated on a mostly level, rectangular 6,790-square-foot lot, the property is zoned RD2-1-CPIO and offers a compelling blank canvas for a thoughtfully designed income-producing project. Based on the underlying RD2 density standard, the site may accommodate up to 3 primary dwelling units and may also qualify for up to 2 detached ADUs, creating the potential for as many as 5 residences, subject to all applicable approvals and development standards. The property is located within the located in the highly desirable DPS Patrol Zone just blocks from the University of Southern California. The property also offers convenient access to Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Metro E Line, Downtown Los Angeles and major transportation corridors.With strong demand for housing near USC, no tenant relocation required and the potential to develop multiple rental units, 1339 W. 35th Place presents an attractive opportunity for developers and investors seeking long-term income and value in a supply-constrained infill location.

Location

1339 W 35th Place

Los Angeles, Los Angeles, CA, 90007