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.
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