$2,590,000

1372 W 35th Place, Los Angeles, CA 90007

  • 14 beds |
  • 10 baths |
  • 5,004 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2022
  • Property Lot Size Icon6,804sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $518/sqft
  • Property List Date Icon Listed 15 days ago

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.

Listing Status:
Active
Date Added:
September 23, 2026
Data Last Updated:
October 9, 2026 at 2:18AM
Listing Office:
Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:
Benjamin Lee : 347-579-3071
MLS ID:
26990189
  • Appliances: DishwasherGas RangeMicrowaveRefrigeratorDryerWasher
  • A/C: Central Air
  • Heating: Central
  • Fireplace: None
  • Parking: DrivewayParking spaces: 4
  • General: 1
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LARD1.55040005026
  • Source: CRMLS_CL

This listing courtesy of Benjamin Lee , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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