1372 W 35th Pl, Los Angeles, CA 90007
1372 W 35th Pl, Los Angeles, CA 90007
1372 W 35th Pl, Los Angeles, CA 90007
1372 W 35th Pl, Los Angeles, CA 90007
1372 W 35th Pl, Los Angeles, CA 90007
1372 W 35th Pl, Los Angeles, CA 90007
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Shantrece's Assistant

+1(904) 846-3855
$ 2,590,000
Est. payment | /mo

14 Beds

10 Baths

5,004 SqFt

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$ 2,590,000
Est. payment | /mo
Save

14 Beds

10 Baths

5,004 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,004 sqft

Price per Sqft $517

MLS Listing ID 26990189

Bedrooms 14

Construction Status New Construction

Year Built 2022

Lot Size 6,802 Sqft

Acres 0.1562

Property Sub-Type Multi-Family

Property Description

We are pleased to present 1372 W 35th Pl, a newer construction 5-unit, 15-bed student housing asset built in 2022 and ideally located within walking distance of USC's University Park Campus. The property is fully leased for the 2026-2027 Academic Year and is THE LOWEST entry point for newer construction student housing in the USC submarket, providing investors with an attractive entry point into a high-demand rental market.1372 W 35th Pl is offered at a 7.23% CAP rate and 8.99 GRM on in-place income, with monthly gross income exceeding $22,000. The efficient unit mix includes two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit, offering flexibility to accommodate a broad range of student tenants. The property offers additional upside through rent growth and the potential to convert select units to double occupancy, giving new ownership multiple paths to increase income. Smaller, efficiently configured units can attract a broader tenant pool, lease quickly, and carry lower turnover risk than larger group-oriented layouts. Located within walking distance of USC's University Park Campus, USC Village, and surrounding amenities, the property benefits from strong and durable student housing demand. USC enrolls over 46,000 students, with approximately 65% living off campus, supporting continued demand for well-located housing near campus. Beyond its strong in-place cash flow, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act, creating potential tax advantages and making the property an attractive candidate for a cost segregation study. A turnkey opportunity to acquire newer construction student housing with strong current income, meaningful rental upside, and a prime location near USC.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning, Central

Fireplaces Type None

Equipment Alarm System, Built-Ins, Dishwasher, Dryer, Elevator, Gas Or Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Driveway

Garage Spaces 4.0

Building

Story 2

Level or Stories One

Construction Status New Construction

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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1372 W 35th Pl