5-Unit Student Housing
1372 W 35th Pl, Los Angeles, CA 90007
For Sale
$2,590,000
A bedroom mix offers rental configurations near USC’s University Park Campus.
Property Size5,004 SF
Days on Market53
Property Features for 1372 W 35th Pl
General Information
Standard status
Size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Benjamin Lee · License CA #02123715
(347) 579-3071
Source:
Rochellemaize
Added: Sep 23
Changed: Nov 9
Last Checked: Nov 12 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 2022, this five-unit apartment property contains 15 beds: two 3-bedroom/3-bathroom units, two 4-bedroom/3-bathroom units, and one 1-bedroom unit. The property is leased for the 2026–2027 academic year. Its in-place income reflects a 7.23% cap rate and an 8.99 GRM.
USC’s University Park Campus and USC Village are within walking distance. The university has more than 46,000 students, with approximately 65% living off campus. The property’s bedroom configurations and proximity to campus define its student-housing profile. Select units may offer the possibility of double occupancy, as described in the property information.
USC’s University Park Campus and USC Village are within walking distance. The university has more than 46,000 students, with approximately 65% living off campus. The property’s bedroom configurations and proximity to campus define its student-housing profile. Select units may offer the possibility of double occupancy, as described in the property information.
Key Highlights
- Five units with 15 beds; built in 2022
- Unit mix: two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit
- Leased for the 2026–2027 academic year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,518
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,610,360
$1.6M
Cap Rate 7%
$1,150,257
$1.2M
Cap Rate 9%
$894,644
$894.6K
Market Conditions
NOI Build-Up for 5,004 SF
Gross rent
$159.1K $31.80/SF
− Vacancy
−$12.7K −$2.54/SF
EGI
$146.4K $29.26/SF
− OpEx
−$65.9K −$13.17/SF
NOI
$80.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,610,360
Cap Rate 7%
$1,150,257
Cap Rate 9%
$894,644
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,518 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,246 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
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Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A bedroom mix offers rental configurations near USC’s University Park Campus.
Where is this apartment building located?
The property is located at 1372 W 35th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Five units with 15 beds; built in 2022; Unit mix: two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit; Leased for the 2026–2027 academic year
