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$1,500,000

Est. payment - /mo

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45 BD

45 BA

10,248 SqFt

Active

1460 W 35th ST Los Angeles, CA 90018

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:17 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 10,248 sqft

Price per Sqft $146

MLS Listing ID 24436375

Bedrooms 45

Full Baths 45

HOA Y/N No

Year Built 1906

Lot Size 6,799 Sqft

Property Description

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 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!

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD2

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

Pool None

View Y/N Yes

Total Parking Spaces 4

Private Pool No

Building

Story 4

Entry Level Multi/Split

Architectural Style See Remarks

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5041010027

Special Listing Condition Standard

Listed by Adam Shamooelian • Keller Williams Beverly Hills

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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