1408 W 35th Street, Los Angeles, CA 90018

$1,200,000 Asking Price

4 beds

2 baths

1,680 sqft

Built in 1914

We are pleased to present the opportunity to acquire this 6,793, SF lot Student Housing + Affordable Housing Development opportunity located at 1408 W. 35th Steet, a couple of blocks away from the University of Southern California (USC). The site offers a zoning ordinance of LAC2-CPIO, which allows for the construction of 16 units by right + ADU's. The property also has the dual purpose of being developed as an affordable housing site with additional density utilizing both AB2334 & ED1 (Buyer to Verify). There is a single family residence currently on the lot, which can be delivered 100% vacant. 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.

Listing Status:: Active
Date Added:: August 12, 2024 — 86 days ago
Listing Office:: Keller Williams Beverly Hills, Adam Shamooelian (310-658-2668)
Office Phone:: 310-432-6400
MLS ID:: CL24426749

Features & Amenities

Interior

Laundry:: See Remarks

Exterior

Style:: See Remarks
Pool:: None

Construction

General:: Multi/Split

Location

County:: Los Angeles

Lot

Zoning:: LAC2, 5041010018

This listing courtesy of:
Keller Williams Beverly Hills, Adam Shamooelian

About Los Angeles, CA

Housing

Number of Units: 906,276
Median Home Value: $764,749
Median Rent: $1,399

71.58% of housing units are renter occupied.

6.82% are vacant.

Commute

Car: 56.67%
Public Transportation: 8.41%
Walk to Work: 3.27%
Work from Home: 29.71%
Other: 1.00%

The median travel time to work is 25 minutes.

People

Population: 2,373,885
Median Age: 35.80
Median Household Size: 2.78

Education

High School: 18.57%
Associate’s Degree: 5.55%
Bachelor’s Degree: 22.72%
Graduate Degree: 12.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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1408 W 35th Street, Los Angeles, CA 90018

$1,200,000 Asking Price