We are pleased to present the opportunity to acquire 1318 W. 35th Place, a three (3) unit student housing redevelopment investment, located in the desirable DPS Patrol Zone, and walking distance to the USC campus. This 6,800 SF lot offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right. With a Tier 3 TOC (40% density bonus), this allows for the development for an additional 2 units, totaling a potential 6 buildable units, plus the construction of ADU's to further increase cash-flow. Current income is $8,220/month. The asset presents an excellent opportunity for an investor to acquire a unique premier property in the attractive USC submarket that will provide exponential returns. The site allows an investor to capitalize on a densely populated, affluent, and gentrifying area that continues to experience rapid rent growth.
This property is $559K more than the Median Sold Price and $96/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24392393
Listing Office:
Office Name: Carolwood Estates
Office Phone: (310) 623-3600
Listing Agent: Davis Saadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/5/2024, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 17, 2013
Jun 17, 2013Home Sold
$313,000
Mar 10, 2000
Mar 10, 2000Home Sold
$260,000
Aug 06, 1999
Aug 06, 1999Home Sold
$145,000
Aug 06, 1999
Aug 06, 1999Home Sold
$145,000
Jun 11, 1996
Jun 11, 1996Home Sold
$170,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,471
$849,376
2020
$10,164
$840,668
2019
$10,028
$824,185
2018
$9,815
$808,025
2017
$9,815
$792,182
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
John W. Mack Elementary School
3020 S Catalina St
Distance between this listing and this school0.34 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.00 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.37 miles
Public Magnet Grades KG-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.62 miles
Public District Grades 6-8
High School
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.56 miles
Public District Grades KG-12
3
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school1.05 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.02 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
John W. Mack Elementary School
3020 S Catalina St
Distance between this listing and this school0.34 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.00 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.37 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.62 miles
Public District Grades 6-8
Nearby Schools
6
/10
Kipp Scholar Academy
1729 West Mlk Jr. Blvd
Distance between this listing and this school1.10 miles
Public Charter Grades 5-8
6
/10
Mid-City's Prescott School of Enriched Sciences
3150 W Adams Blvd
Distance between this listing and this school1.32 miles
Public Magnet Grades KG-8
Assigned Schools
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.56 miles
Public District Grades KG-12
3
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school1.05 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.02 miles
The neighbors living near this home have an average income of $41,625. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1318 W 35th Pl
What is the listing price of this property?
The listing price of 1318 W 35th Pl property is $1,555,000.
What type of property is this?
The property 1318 W 35th Pl is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Sale Pending: 1318 W 35th Pl is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What are the assigned schools for this property?
The assigned schools for 1318 W 35th Pl are: John W. Mack Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Foshay Learning Center: GreatSchools Rating 6/10Manual Arts Senior High School: GreatSchools Rating 3/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,471 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 17, 2013 for $313,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1318 W 35th Pl has 7 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 1318 W 35th Pl is 2,879 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1318 W 35th Pl is 1908.
This home is located at 1318 W 35th Pl in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 2,879 square foot home, which was built in 1908, sits on a 0.16 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $1,555,000.
In May 2024 more than 766 listings in Los Angeles, CA were sold above the asking price. During the same period more than 198 listings were sold at asking price, while more than 625 were sold below. The number of homes for sale in Los Angeles, CA increased by 15.4% between April 2024 and May 2024. In May 2024 median list price was $995,939 and the average listing age was 33 days.
From Rocket Homes Real Estate and based on county public records data.