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1314 W 35th Place Los Angeles, CA 90007
$5,399,000 34 beds, 34 baths
10, 299 sqft
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Agent Remarks

We are pleased to present 1314 W 35th Pl, a 2023-built, six-unit, 34-bed student housing asset within walking distance of USC's University Park Campus and USC Village and inside the USC DPS patrol area. Developed by one of the leading student housing operators in the submarket, the property was designed by a team that leases USC housing every year and knows what keeps residents renewing. The property is 100% leased to students for the current academic year, so a new owner gets stable, in-place cash flow from day one. Priced at $158,794 per bed, the offering is a 7.18% CAP and 9.05 GRM on in-place income, a basis well below replacement cost and below comparable new construction sales in the USC submarket. Assembling 34 new-construction beds at this price would otherwise take several separate acquisitions or years of development risk. The unit mix includes three 4BD/4BA units, two 7BD/7BA units, and one 8BD/8BA unit, with a private bathroom for every bedroom. The range of unit sizes lets ownership lease flexibly each year, by the bed to individual students, to small friend groups, or to larger groups such as teams and student organizations taking a full 7- or 8-bedroom unit. As 2023 new construction, the property is non-RSO, needs no deferred maintenance, and is exempt from AB 1482 rent caps for 15 years from its certificate of occupancy. USC enrolls over 46,000 students, with roughly 65% living off campus, which drives deep and durable demand. The property may qualify for 100% bonus depreciation through a cost segregation study. Buyer to verify all information.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26105036
List price is $5,399,000
Beds: 34
Baths: 34
None fireplaces
Built in 2023
10,299 sqft
0.16 acres
Lot size: 0.1561
County: Los Angeles
Zoning: LARD1.5
Appliances: Dishwasher,Gas Range,Microwave,Refrigerator
Parking description: None
Heating/cooling: Central Air
Heating description: Central
MLS area: C34 - Los Angeles Southwest

Last Updated: 11/3/2026

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 34.023411, -118.297895.
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Listing Agent: Benjamin Lee
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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