Property listed by Keller Williams Beverly Hills, Adam Shamooelian 310-432-6400
$1,500,000
We are pleased to present the opportunity to acquire this Fully Permitted Student Housing Construction project of 3 Residential Units totaling 45bd + 45bths, a couple of blocks away from the University of Southern California (USC). Located on 1460 W. 35th Street, this project is currently permitted with all permits… Read More paid for and in hand. The 4-story design consists of 2 residential units(21bd + 21 bth & 18bd + 18bth) + 1 ADU(6bd + 6bth) fully stacked with nearly identical floor plans totaling 10,248 SF of rentable square footage. An added benefit of the design is the inclusion of a two-car garage (total - 350 SF) along with two additional outdoor parking spaces. The property boasts a straightforward construction process, which will help any developer save on costs and expedite project completion. Expertly designed for co-living, each floor has ample living space for the tenants to enjoy as well as a private bathroom in each bedroom suite. The site comes with an SB8 Determination Letter that states that no affordable units are required in the new development! In addition to renting to students, the property also offers dual-use potential: it can be rented to affordable housing programs, with the possibility of earning up to $1,200 per room in rent (Buyer to Verify).The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Please contact listing agent for more details! Read Less
Listing Snapshot
Days Online
43
Last Updated
Property Type
Single Family Residence
Beds
45
Full Baths
45
Square Ft.
10,248
Lot Size
0.16 Acres
Year Built
1906
MLS Number
24436375
30 Days Snapshot Of 90018
$
+36%
(avg) sold price
6
-45%
homes sold
79
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1906, Building area total: 10,248, Levels: MultiSplit, Living area: 10248, Architectural style: SeeRemarks
Laundry
SeeRemarks
Lot
0.1561 acres, 6,801 square feet, Size: 6,801
Parking
4 totals parking
Pool
None
Property
Zoning: LARD2
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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