1529 35Th Pl Los Angeles, CA 90018

This exceptional new construction student housing fourplex presents a compelling investment opportunity. Located just one mile from the University of Southern California, at 1529 W 35th Pl, Los Angeles, CA 90018, this property offers unparalleled convenience and high demand. The 8,159 square foot building, constructed in 2024, comprises two three-story buildings with four units totaling 25 bedrooms and 25 bathrooms. Each unit features modern kitchens with dual stainless steel appliances, in-unit laundry, and premium finishes. Currently boasting 96% occupancy, the property generates a 5.58% cap rate, projected to increase to 5.91% at full occupancy. The property sits on a 6,801 square foot lot and includes six parking spaces. The building is zoned LAR4. The asking price is $3,750,000, translating to $459.62 per square foot and $937,500 per unit. The property is fully operational, with management in place, offering a turnkey solution for investors. The large garage (900 sq ft) presents potential for conversion and additional rental income. All units have separate meters for gas, electric, and water. This is a rare opportunity to acquire a stabilized, cash-flowing asset in a highly competitive rental market, particularly given the limited new construction due to SB-8. This property is a truly exceptional investment.