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$ 3,498,000
Est. payment /mo
Price Dropped by $302K
1146 W 35th Los Angeles, CA 90007
6,754 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26085306
Lot Size 6,754 Sqft
Property Sub-Type Lots/Land
Property Description
1146 W 35th Street presents a rare development opportunity located just blocks from the University of Southern California (USC). The property is approved under TOC Tier 3 incentives for a 15-unit residential project configured as a high-bed-count (~3940 beds) student housing development. The site is vacant and cleared, with entitlements well advanced, including CEQA exemption, LAHD covenant drafted, and LADWP power approved with fees pending. Positioned in a strong student housing submarket, the project offers the potential to maximize rental income per bed with consistent demand from USCs growing student population. Excellent opportunity for a developer to acquire a high-density project in a prime infill location near USC, Exposition Park, and surrounding amenities.
Location
State CA
County Los Angeles
Direction Located just west of Figueroa St and north of W Jefferson Blvd, near USC.
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 5040028021
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by John Stiegler II, DRE#01981597 Lyon Stahl Investment Real Estate, Inc.