Listing Agent: Chelsea Roger      Broker/Office: Coldwell Banker Realty
1529 35th Place W Los Angeles CA 90018
$ 2,999,000
  25   |    25   |    8159 Sq Feet

Listing ID

#OC26241088

Status

Active

Property Type

Quadruplex

County

Los Angeles

Year Built

2024

Days on website

2

Description
A newer-construction multifamily investment opportunity in the desirable Exposition Park neighborhood of Los Angeles, just minutes from the University of Southern California (USC). This four-unit asset features 25 bedrooms, each complete with its own private en-suite bathroom, offering modern construction, established rental income, and long-term investment potential. The property offers exceptional versatility across multiple housing strategies, including student housing and co-living arrangements. Each of the four units features its own spacious communal area, providing residents with comfortable shared spaces while maintaining the privacy of individually appointed bedrooms and bathrooms. Additional amenities include Paid Off Solar, in-unit washers and dryers, air conditioning, solar panels, a two-car garage, and ample on-site parking, enhancing tenant appeal while providing practical conveniences. The property currently benefits from strong occupancy, with 23 of the 25 bedrooms rented, providing immediate income and additional potential through the lease-up of the remaining bedrooms. Strategically located near USC, the property provides convenient access to Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the California Science Center, dining, shopping, and public transportation connecting residents to Downtown Los Angeles and surrounding employment and entertainment destinations. The combination of newer construction, a substantial 25-bedroom configuration, private en-suite bathrooms, modern amenities, and established rental income presents an opportunity to acquire a distinctive multifamily asset with the potential for long-term income stability and future rental growth. With immediate income potential, additional leasing upside, and a prime location near USC, 1529 W 35th Place offers an opportunity to acquire a substantial multifamily property in one of Los Angeles' most active rental corridors.
Location
Financial Information
List Price:  $ 2999000
Property Features
Appliances:  Dishwasher, Microwave, Refrigerator
Community Features:  Urban
Flooring:  Vinyl
Heating:  Central
High School District:  Los Angeles Unified
Parking Features:  Garage
Property Condition:  Turnkey
Senior Community YN:  false
Structure Type:  Quadruplex
View:  Neighborhood
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  C23 - Metropolitan
City:  Los Angeles
Listed By:   Chelsea Roger   Coldwell Banker Realty 
Co-listed by
Callum Moloney  
CA Lic#