4-Unit En-Suite
1529 W 35th Place, Los Angeles, CA 90018
For Sale
New
$2,999,000
Twenty-five private bedroom suites, shared living areas, and in-unit laundry serve the Los Angeles rental market near USC.
Property Size8,159 SF
Days on Market5
Property Features for 1529 W 35th Place
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Cap Rate
Multifamily Units
Tenant in Place
Amenities
paid off solar
in-unit washers and dryers
air conditioning
solar panels
two-car garage
private en-suite bathrooms
communal area
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Chelsea Roger · License CA #01416035
(714) 536-5377
Source:
Velocityrealtysd
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:29PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 2024, this four-unit multifamily property contains 25 bedrooms, each with a private bathroom. Every unit also has a communal living area. In-unit washers and dryers, air conditioning, and solar panels are among the property’s features; the solar installation is paid off. Parking includes a two-car garage and additional on-site spaces. The reported cap rate is 7.5%, and 23 of the 25 bedrooms are currently rented.
The property is near the University of Southern California, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, and the California Science Center. Nearby dining, shopping, and public transportation provide connections toward Downtown Los Angeles and other employment and entertainment destinations.
The property is near the University of Southern California, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, and the California Science Center. Nearby dining, shopping, and public transportation provide connections toward Downtown Los Angeles and other employment and entertainment destinations.
Key Highlights
- Four units with 25 bedrooms, each with a private en‑suite bathroom
- 23 of 25 bedrooms currently rented
- 7.5% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,486
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,849,720
$2.8M
Cap Rate 7%
$2,035,514
$2.0M
Cap Rate 9%
$1,583,178
$1.6M
Market Conditions
NOI Build-Up for 8,159 SF
Gross rent
$220.3K $27.00/SF
− Vacancy
−$16.7K −$2.05/SF
EGI
$203.6K $24.95/SF
− OpEx
−$61.1K −$7.48/SF
NOI
$142.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,849,720
Cap Rate 7%
$2,035,514
Cap Rate 9%
$1,583,178
Alternative Uses
Best Use
Multifamily LT 5
$2.04M
$1.78M – $2.37M
NOI $142,486 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$1.88M
$1.64M – $2.19M
NOI $131,285 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$3.41M
$2.98M – $3.97M
NOI $238,454 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
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Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Twenty-five private bedroom suites, shared living areas, and in-unit laundry serve the Los Angeles rental market near USC.
Where is this quadplex located?
The property is located at 1529 W 35th Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Four units with 25 bedrooms, each with a private en‑suite bathroom; 23 of 25 bedrooms currently rented; 7.5% cap rate
