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1529 W 35th Pl, USC Adj.

New Construction Student Housing Fourplex 1 Mile from USC

It is not often that new construction units THIS CLOSE TO USC come on the market! This luxury triplex + ADU is situated walking distance to USC (1 mile) and is only 4 minutes directly east by car. This cash cow is currently operated as a very successful student housing development and is presently at 96% occupancy. At 100% occupancy the cap rate is nearly 6%. The property can be sold with management in place, making for an easy, cash flowing investment with ultra-high rental demand.

The Important
Details

List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

$/Unit:

Unit Mix:

Opportunity Zone:

Parking:

Other Features:

$3,750,000

Fourplex

For Sale

4

2024

5.91%

10.59

$354,048/Year (Pro Forma)

8,159 sqft

6,801 sqft

$459.62

$937,500

1 x 9b/9b, 1 x 7b/7b, 1 x 6b/5b, 1 x 3b/3b ADU

No

2 Garage Spaces + 4 Exterior Spaces

Rare USC location

The Highlights

  • Already fully operational student housing development! Management in place!

  • For rent here: https://tripalink.com/apartments/los-angeles/usc-off-campus-student-housing/50000058

  • Prime location walking distance to USC (1 mile directly to the east).

  • MAJOR CASH COW! Currently at a 5.58% cap rate at 96% occupancy. Will jump to a 5.91% cap rate once the final bedroom is rented.

  • Unbeatable student housing unit mix consisting of one 9 bed, one 7 bed, one 6 bed and one 3 bed

  • Property comes fully loaded with premium kitchen appliances, washers + dryers. Totally turnkey!

  • Outstanding price per SF of $459.62.

  • Dream 1031 exchange opportunity.

  • All units separately metered for gas, electric AND water! 

  • Large open floorplans!

  • With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.

The Neighborhood

<15-Minute Walk

Starbucks, Boba Loca, Church's Chicken, Denker Recreation Center, Stem Preparatory Academy, Citibank, US Bank

<15-Minute Drive

USC, University Park, USC Village, Insomnia Cookies, Trader Joe's, Target, Natural History Museum, BMO Stadium, LA Memorial Coliseum, CA Science Center

<$15 Uber Ride

USC, University Park, USC Village, Insomnia Cookies, Trader Joe's, Target, Natural History Museum, BMO Stadium, LA Memorial Coliseum, CA Science Center

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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