Davis Saadian
This listing was posted on RealtyWW.
$1,795,000
W Th St, Los Angeles, Home For Sale
Price:
$1,795,000
BR/BA:
10+ BR, 8 BA
Location:
1327 W 35th St, Los Angeles, CA
Description:
We are pleased to offer the opportunity to acquire two (2) single-family residences, consisting of 12 bedrooms which can fit up to 19 beds. It is located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC).The two restored Craftsman homes were completely updated and remodeled in 2015 - featuring polished hardwood floors, stainless steel kitchen appliances, granite counter tops, and in-unit washer and dryers. Both properties have updated copper plumbing, electrical systems, roofs, and central HVAC.The structures were built in 1913, constructed of wood frame and stucco on a raised foundation, with a total square footage of 4, 100 SF, on a 6, 905 SF lot, zoned LARD1.5. The buildings have been reinforced and upgraded in compliancewith the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of one (1) 8-bedroom + 6-bathroom SFR, and one (1) 4-bedroom + 2-bathroom SFR. The bedrooms are spacious and furnished with beds, armoires, desks, mini-fridges, and individual thermostat controls. Combined with parental guarantees on some 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 young working professionals, and fully leased for the 2024 - 2025 year, with a gross income of $13, 600/month. There's approximately 20% potential upside in rents, which an investor can achieve closer to about $17, 400/month. The expansive lot size allows an investor to add even more value to the property by constructing a 3-bedroom + 3-bathroom ADU to further increase cash-flow (buyer to verify). Currently priced at a 6.75% Cap Rate excellent cash-flow investment opportunity.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i76938692
Property Type:
Single-Family Houses
Amenities:
Refrigerator, Wood Floors
Posted:
October 17 on RealtyWW
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More About this Listing: W Th St, Los Angeles, Home For Sale
W Th St, Los Angeles, Home For Sale is a 10+ BR Eight Bath Single-Family Homes for Sale at 1327 W 35th St in Los Angeles CA. Find other listings like W Th St, Los Angeles, Home For Sale and listings near 1327 W 35th St by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Los Angeles CA.
W Th St, Los Angeles, Home For Sale is a 10+ BR Eight Bath Single-Family Homes for Sale at 1327 W 35th St in Los Angeles CA. Find other listings like W Th St, Los Angeles, Home For Sale and listings near 1327 W 35th St by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Los Angeles CA.