1168 W 35th Street, Los Angeles, CA 90007

$1,790,000 Asking Price

7 beds
6 baths
2,204  sqft
Built in 1895

Attention Developers!!!We are proud to present for sale a Development Opportunity for 70+- units by ED-1 (100% vested) and for 8 units + 2 ADU's (total of 48 beds 48 baths) by TOC located about 2 minutes from the USC campus.. The latter option can be utilized for student housing. Currently, the remodeled SFR ( 7 bed 5 bath) on site is being operated as a short term rental (ArBnB) which purchasers can continue to operate while waiting for RTI. (Purchaser would assume entitlements)Seller has submitted plans for both options-ED-1 100% Affordable Housing and TOC. A Demolition permit has been issue. The ED-1 plan consist of 56 Studios units and 17 one bedroom units. Additionally, The existing SFR can be utilized for student housing with the option of building an ADU in the rear to maximize the number of bedrooms and bathrooms. This R3 (Tier3) corner lot location is walking distance to USC village and has a great walk score, a biker's utopia, located close to public transportation, and is located within the USC Patrol Zone.

Features & Amenities

Interior

General:
Laminate Counters,Recessed Lighting,All Bedrooms Down
Appliances:
Gas Cooktop,Gas Water Heater,Microwave,Refrigerator,Range Hood
Laundry:
Inside
Flooring:
Vinyl
A/C:
true, Electric,Wall/Window Unit(s)
Heating:
true, Central
Fireplace:
None

Exterior

General:
Rain Gutters
Style:
Craftsman
Pool:
None
Parking:
On Site,Paved, Parking spaces: 5

Construction

Roofing:
Shingle
General:
Drywall,Frame,Glass,Wood Siding, 1, Pillar/Post/Pier,Raised

Location

Road/Access:
City Street
HOA Amenities:
0.0
Originating MLS:
CRMLS
School District:
Los Angeles Unified
County:
Los Angeles

Lot

Zoning:
LAR3, 5040028025
View:
Neighborhood, View
Fencing:
Vinyl,Wrought Iron

Utilities

Utilities:
Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Standard
Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS

This listing courtesy of:
Keller Williams Realty-Studio City, George Kpachavi

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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