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Luis Grimaldo

realtorluisgrimaldo@gmail.com +1(562) 250-6146

$ 2,999,000

Est. payment | -/mo

25 Beds

25 Baths

8,159 SqFt

Save

$ 2,999,000

Est. payment | -/mo

Save

25 Beds

25 Baths

8,159 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,159 sqft

Price per Sqft $367

MLS Listing ID OC26241088

Bedrooms 25

Full Baths 25

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 2024

Lot Size 6,799 Sqft

Property Sub-Type Quadruplex

Property Description

A newer-construction multifamily investment opportunity in the desirable Exposition Park neighborhood of Los Angeles, just minutes from the University of Southern California (USC). This four-unit asset features 25 bedrooms, each complete with its own private en-suite bathroom, offering modern construction, established rental income, and long-term investment potential. The property offers exceptional versatility across multiple housing strategies, including student housing and co-living arrangements. Each of the four units features its own spacious communal area, providing residents with comfortable shared spaces while maintaining the privacy of individually appointed bedrooms and bathrooms. Additional amenities include Paid Off Solar, in-unit washers and dryers, air conditioning, solar panels, a two-car garage, and ample on-site parking, enhancing tenant appeal while providing practical conveniences. The property currently benefits from strong occupancy, with 23 of the 25 bedrooms rented, providing immediate income and additional potential through the lease-up of the remaining bedrooms. Strategically located near USC, the property provides convenient access to Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the California Science Center, dining, shopping, and public transportation connecting residents to Downtown Los Angeles and surrounding employment and entertainment destinations. The combination of newer construction, a substantial 25-bedroom configuration, private en-suite bathrooms, modern amenities, and established rental income presents an opportunity to acquire a distinctive multifamily asset with the potential for long-term income stability and future rental growth. With immediate income potential, additional leasing upside, and a prime location near USC, 1529 W 35th Place offers an opportunity to acquire a substantial multifamily property in one of Los Angeles' most active rental corridors.

Location

State CA

County Los Angeles

Area C23 - Metropolitan

Rooms

Main Level Bedrooms 25

Interior

Interior Features Breakfast Bar, Eat-in Kitchen, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Microwave, Refrigerator

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Wrought Iron

Pool None

Community Features Gutter(s), Storm Drain(s), Street Lights, Urban

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

View Y/N Yes

View Neighborhood

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard

Dwelling Type Quadruplex

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Construction Status Updated/Remodeled,Turnkey

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5041009010

Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s),Security Lights

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Chelsea Roger Coldwell Banker Realty 714-356-3338, DRE #01416035

Nearby Locations

+1(562) 250-6146

realtorluisgrimaldo@gmail.com

1529 W 35th PL Los Angeles, CA 90018