$10,000 Closing Credit¹
#CV24195870, Kristopher German, Listing Office: RE/MAX 2000 REALTY
$2,345,000 List price
1238 W 35th St Los Angeles, CA 90007
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 1238 W 35th St
The Best Location for Value-add USC off Campus Student Housing investment opportunity, only 2 Blocks away to University of Southern California (USC), located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, and front house 6B3B pre-leased for the upcoming 2025-2026 school year with USC students as well. Currently collecting gross rents of $15,050/month, cap rate around 6.6%, GRM12.98. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5. The subject property is composed of two separate structures (1238 W. 35th St. and 3554-3556 S Budlong Ave) and consists of 3 spacious units, with a unit mix consisting of (1) 6-bedroom + 3-bathroom unit of total rent $7850/month, and (2) 3-bedroom + 1-bathroom units of total rent $7200/month. The property has been recently fully updated/ remodeled - featuring laminated/wood floors, Newly painted, Updated kitchen with stainless steel kitchen appliances, lots of updated cabinets, pantry and counter tops, copper plumbing throughout ( buyer verify). The investment boasts spacious floor plans, secured gated entry, and on-site laundry. The property is approximately 3450 s.f., 7094 s.f. lot, 12 bed, 5 bath, living rooms, and on-site laundry room...This property has charming turn of the century details that you will adore. As a bonus, this Property offers 10 Private on-site Parking Spaces which the students loved so much, and 3 individually metered for gas and electricity and 2 individual water meters. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property is collecting gross rents of $15,050/month. Don't miss!
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Lot size0.1629 Acres
Year built1908
ParkingElectric Gate, Private
MLS #AR25049725
Summary
- MLS Number: AR25049725
- MLS Name: CRMLS
- Office Name: IRN Realty
- Office Phone: (626) 215-5788
- Listing Agent: Gina Ma
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,345,000
1238 W 35th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 25, 2022 | Home Sold | $1,843,000 |
| Apr 18, 2014 | Home Sold | $1,025,000 |
| Jun 09, 2010 | Home Sold | $358,000 |
| Nov 09, 2006 | Home Sold | $760,000 |
| Jan 28, 1999 | Home Sold | $168,000 |
| May 07, 1991 | Home Sold | $225,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,879,656 | $23,143 |
| 2023 | $1,842,800 | $22,699 |
| 2022 | $1,204,982 | $14,638 |
| 2021 | $1,181,356 | $14,448 |
| 2020 | $1,169,244 | $14,022 |
| 2019 | $1,146,319 | $13,625 |
| 2018 | $1,104,301 | $13,334 |
| 2017 | $1,082,649 | $13,334 |
History based on county public records data.
Nearby schools
4
Lenicia B. Weemes Elementary
Public District PK-5
0.2 mi
•1260 W 36th Pl
3
STEM Preparatory Elementary School
Public Charter KG-5
0.2 mi
•1374 W 35th St
3
John W. Mack Elementary
Public District KG-5
0.2 mi
•3020 S Catalina St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,356. Most Los Angeles, CA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
77%
<35k
21%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
23%
Single, with Kids
7%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
46%
18-34 yrs old
25%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1238 W 35th St
This home is located at 1238 W 35th St in Los Angeles, CA and zip code 90007 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $2,345,000.
While more than 212 listings in Los Angeles, CA in February 2025 were sold above asking price, there were more than 105 listings sold at asking price, and more than 280 were sold below. In February 2025 in Los Angeles, CA there were 10.8% more homes for sale than in January. In February 2025 median list price was $989,396 and the average listing age was 44 days.
From Rocket Homes Real Estate and based on county public records data.