Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90007 1286 W 35th Place

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Presented By: Neema Ahadian with Marcus & Millichap;
  • MLS# 25526259
  • 04/16/2025
  • Request Tour
  • Request Info
  • Beds • 25
  • Baths • 18
  • SQFT • 7,090
  • Year Built • 2025

Home Details

We are pleased to present 1286 W 35th Pl, a newly constructed 25-bed student housing opportunity located just west of the University of Southern California, within the USC Department of Public Safety 24 Hour Patrol Zone. The property is currently in lease up, drawing from the strong demand for off-campus housing from the 47,000 students currently enrolled at the University of Southern California. Approximately ~60% of all USC students live in off-campus housing, offering new ownership predictable demand and a low vacancy rate tied to one of the nation's top academic institutions. USC continues to rise in academic rankings, setting a record high applications and record low acceptance rate in 2024. The property features two three-bedroom units, two five-bedroom units, and one six-bedroom unit, along with three tandem parking spaces and one single space. All units are fully furnished and offer spacious floor plans with abundant natural light and contemporary finishes, including brand new flooring, tile bathrooms with modern vanities and quartz countertops, and kitchens equipped with stainless steel appliances, built-in microwaves, solid-surface counters, and ample cabinetry. Additional highlights include built-in closets, in-unit washer and dryer, central heating and air conditioning, and double-pane windows. The bedrooms feature a mix of double occupancy, single occupancy ensuite bathroom and single occupancy shared bathroom, offering bedrooms across a range of price points to attract students seeking off-campus accommodation at varying price points. At the asking price, the property is being offered at $199,552 per bed with a projected 6.57% CAP rate and 11.34 GIM upon stabilization. Multiple bedrooms in the property are oversized, offering an investor further upside through additional double occupancy bedrooms, bringing the total potential bed count to 27. The property also features solar panels, tankless water heaters, security camera system, and is separately metered for water, gas and electricity. The subject property is a half-mile walk to the main University Park Campus of USC and less than a mile from USC Village. It is also down the street from the Expo/Vermont metro rail station, allowing residents an easy commute to Downtown Los Angeles, Mid-City, and the Westside outside of their daily commute to campus.
Presented By: Neema Ahadian with Marcus & Millichap;

Interior Features for 1286 W 35th Place

Bedrooms

Total Bedrooms25

Bathrooms

Half Baths0
Total Baths18
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
LivingAreaSourceAssessor
Total Stories3

General for 1286 W 35th Place

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.57
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
DirectionsEast of Normandie Ave
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income439800.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet5711.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income327898.0
New ConstructionNo
Number Of Units Total5
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built2025
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1286 W 35th Place

Building Area Total7090.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions40x139
Lot Size Acres0.1311
Lot Size Area5711.0
Lot Size SourceAssessor
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking7.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $4,988,800
MLS#25526259
List Date 04/16/2025
Property Type Multi-Family
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