1529 W 35th Place, Los Angeles, CA 90018

Property 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 offers a 7.5% Cap Rate and 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.