$1,555,000 Price Analysis   ♡   Los Angeles, CA 90007 7 bed 5 bath 2,879 SqFt ($540/SqFt) 6,803SqFt lot. Built 1908 Listed 2024-05-15, Taxes $10,611 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present the opportunity to acquire 1318 W.
* Sale Pending *35th Place, a three (3) unit student housing redevelopment investment, located in the desirable DPS Patrol Zone and walking distance to the USC campus. This 6, 800 SF lot offers a zoning ordinance of LARD1.5, which allows for th construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development for an additional 2 units, totaling a potential 6 buildable units, plus the construction of ADU's to further increase cash-flow.
Current income is $8, 220/month. The asset presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The site allows an investor to capitalize on a densely populated, affluent and gentrifying area that continues to experience rapid rent growth.
Presented by Davis Saadian at
Carolwood Estates.
Property MLS #24-392393 from TheMLSCLAW
Full Bathrooms: 5
Lot Size Dimensions: 50x136
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6803
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 3, 1 SquareFeet: 6000, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2300, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2300
County: Los Angeles
Directions: 1318 W. 35th Place, Los Angeles, CA 90007
Source Property Type: Residential Income
Area: Los Angeles Southwest
Source Neighborhood: Los Angeles Southwest
Parcel Number: 5040-005-016
Postal Code Plus 4: 3404
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $346,545 + $519,818 $866,363 | $10,611 |
| 2021 | $339,750 + $509,626 $849,376 | $10,470 |
| 2020 | $336,267 + $504,401 $840,668 | $10,574 |
| 2019 | $329,674 + $494,511 $824,185 | $10,164 |
| 2018 | $323,210 + $484,815 $808,025 | $10,028 |
| 2017 | $316,873 + $475,309 $792,182 | $9,814 |
| 2016 | $310,660 + $465,990 $776,650 | $9,577 |
| 2015 | $305,994 + $458,991 $764,985 | $9,439 |
| 2014 | $100,454 + $213,967 $314,421 | $4,178 |
| 2013 | $180,973 + $143,531 $324,504 | $4,227 |
| 2012 | $177,425 + $140,717 $318,142 | $4,281 |
| 2010 | $173,947 + $137,958 $311,905 | $4,207 |
| 2009 | $173,058 + $137,253 $310,311 | $4,052 |
| 2009 | $172,647 + $136,927 $309,574 | $4,052 |
| 2008 | $169,665 + $134,562 $304,227 | $3,887 |
| 2007 | $166,339 + $131,924 $298,263 | $3,684 |
$1,555,000
TheMLSCLAW
Listing removed 2021-06-02
$0
TheMLSCLAW
Listed 2021-01-20
$1,400,000
TheMLSCLAW
Listing removed 2014-03-14
$549,900
CRMLS
Relisted 2014-02-11
$549,900
CRMLS
Listing removed 2014-01-23
$549,900
CRMLS
Listed 2014-01-10
$549,900
CRMLS
Sold 2013-02-20
$300,000
ITECH
Listing removed 2013-02-05
$300,000
SoCalMLS
Listed 2012-11-20
$300,000
ITECH
Listed 2012-11-20
$300,000
SoCalMLS
Sold 2000-03-10
$259,900
ITECH
Listed 2000-01-22
$259,900
ITECH
Sold 1999-07-30
$145,000
ITECH
Listed 1999-06-08
$154,900
ITECH
Sold 1996-06-11
$170,000
Public Record
Year Built: 1908
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 116
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.