$ 1,500,000
1460 W 35th ST Los Angeles, CA 90018
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$ 1,500,000
Est. payment | /mo
45 Beds
45 Baths
10,248 SqFt
$ 1,500,000
Est. payment | /mo
45 Beds
45 Baths
10,248 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 10,248 sqft
Price per Sqft $146
MLS Listing ID 24436375
Bedrooms 45
Full Baths 45
HOA Y/N No
Year Built 1906
Lot Size 6,799 Sqft
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!
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD2
Interior
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
Pool None
View Y/N Yes
Total Parking Spaces 4
Private Pool No
Building
Story 4
Entry Level Multi/Split
Architectural Style See Remarks
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5041010027
Special Listing Condition Standard
Listed by Adam Shamooelian • Keller Williams Beverly Hills
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Valerie Condon
Partner | Lic# 680245