Davis Saadian, Listing Office: KW Advisors
#25477833·
Listing Office: KW Advisors·
Listing Agent: Davis Saadian·
Listing Office Phone: 310-482-2200
1372 W 35th Pl Los Angeles, CA 90007
$3,625,000 List price
15 beds
13 baths
5,448 sqft
0.2 acres
$665 / sqft
House
Property details
About 1372 W 35th Pl
We are pleased to offer the opportunity to acquire this brand new construction five (5) unit, 15-bedroom, student housing apartment complex, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This turnkey, new construction investment features brand new fully furnished bedrooms, brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, new copper plumbing, double pane windows, and individually metered for all utilities: gas, electricity, & water. The building is approximately 5,448 rentable square feet on a 6,800 square foot lot, consisting of (2) 3-bedroom + 3-bathroom units, (2) 4-bedroom + 3-bathroom units, and (1) 1-bedroom + 1-bathrom unit. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 year, with a gross income of $25,348/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $27,000/month. The investment is priced at a current 6.45% Cap Rate & 12.6x GRM.
Highlights
Home typeOther
StatusActive
CoolingDual
Size5,448 sqft
Lot size0.1562 Acres
Year builtNew Const., 2022
ParkingGated
MLS #25477833
Summary
- MLS Number: 25477833
- MLS Name: CRMLS
- Office Name: KW Advisors
- Office Phone: (310) 482-2200
- Listing Agent: Davis Saadian
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: 1/30/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,625,000
1372 W 35th Pl
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 05, 2019 | Home Sold | $950,000 |
| Oct 20, 1995 | Home Sold | $135,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,609,360 | $32,003 |
| 2023 | $1,681,824 | $20,874 |
| 2022 | $1,648,848 | $19,915 |
| 2021 | $959,841 | $11,671 |
| 2020 | $950,000 | $4,488 |
| 2019 | $356,087 | $4,367 |
| 2018 | $349,105 | $4,276 |
| 2017 | $342,261 | $4,276 |
History based on county public records data.
Nearby schools
3
STEM Preparatory Elementary School
Public Charter KG-5
0.1 mi
•1374 W 35th St
4
Lenicia B. Weemes Elementary
Public District PK-5
0.2 mi
•1260 W 36th Pl
3
John W. Mack Elementary
Public District KG-5
0.4 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 $41,625. Residents of Los Angeles, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
47%
35k-100k
7%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
23%
Single, with Kids
12%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
35%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
H&M
Where do the neighbors go to eat?
Little Caesars
White Castle
Boston Market
What do the neighbors drive?
Dodge
Kia
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1372 W 35th Pl
This home is located at 1372 W 35th Pl in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 5,448 square foot home, which was built in 2022, sits on a 0.16 acre lot. Features: 15 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $3,625,000.
In December 2024 more than 524 listings in Los Angeles, CA were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 740 were sold below. The number of listings in Los Angeles, CA decreased by 5.3% between November and December 2024. While the average time on the market in December 2024 was 41 days, the median list price was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.