Listing by: Adam Shamooelian, Keller Williams Beverly Hills
45 Beds
45 Baths
10,248 SqFt
Active
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!
Property Details | ||
---|---|---|
Price | $1,500,000 | |
Bedrooms | 45 | |
Full Baths | 45 | |
Half Baths | 0 | |
Total Baths | 45 | |
Property Style | See Remarks | |
Lot Size Area | 6801 | |
Lot Size Area Units | Square Feet | |
Acres | 0.1561 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 4 | |
Year Built | 1906 | |
Laundry Features | See Remarks | |
Pool features | None | |
Parking Spaces | 4 | |
Geographic Data | ||
Directions | 1460 W. 35th Street, 90018 | |
County | Los Angeles | |
Latitude | 34.024344 | |
Longitude | -118.302063 | |
Market Area | C34 - Los Angeles Southwest | |
Address Information | ||
Address | 1460 W 35th Street, Los Angeles, CA 90018 | |
Postal Code | 90018 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Keller Williams Beverly Hills | |
Listing Agent | Adam Shamooelian | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 8 | |
MLS Status | Active | |
Listing Date | Sep 5, 2024 | |
Listing Last Modified | Sep 13, 2024 | |
Tax ID | 5041010027 | |
MLS Area | C34 - Los Angeles Southwest | |
MLS # | 24436375 |
This information is believed to be accurate, but without any warranty.