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$ 1,450,000
Est. payment /mo
New
1787 W 35th Los Angeles, CA 90018
35 Beds
37 Baths
6,802 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26173877
Bedrooms 35
Lot Size 6,802 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are please to offer the opportunity to acquire a fully permitted, ready-to-build co-living housing development located just minutes from the University of Southern California (USC). Situated at 1787 W. 35th Street, the approved three-story project consists of 2 residential units totaling 35 bedrooms and 37 bathrooms, with approximately 10,332 SF of rentable living space. The thoughtfully designed co-living configuration includes one 17-bedroom/18-bathroom unit and one 18-bedroom/19-bathroom unit, featuring highly efficient, nearly identical stacked floor plans. Each bedroom is designed as a private suite with its own bathroom, complemented by spacious shared kitchens, dining areas, living spaces, and laundry facilities. With permits and architectural plans already completed and paid for, the project provides a substantial head start for a developer looking to avoid much of the time, expense, and carrying costs typically associated with the pre-construction and entitlement process. Seller reports more than $250,000 invested in plans, permits, and related pre-development costs. The propertys high-bedroom-count, private-bath configuration creates a compelling opportunity for a variety of rental strategies, including student housing, co-living or single-room occupancy-style housing, Section 8/Housing Choice Voucher tenants, and other qualifying affordable or supportive housing programs, subject to applicable requirements and approvals. Potential rents of up to $1,450 per bedroom have been projected; Buyer to independently verify rents, program eligibility, occupancy requirem
Location
State CA
County Los Angeles
Zoning Other
Direction Major Cross St: Western Ave & W Jefferson Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5041005018
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Danny Prasad, DRE#02094573 Kase Real Estate