$80,000 Price Reduction! We are pleased to present the opportunity to acquire this Fully Permitted Student Housing Construction project of 3 Residential Units totaling 45bd + 45bths, a couple of blocks away from the University of Southern California (USC). Located on 1460 W. 35th Street, this project is ready to build with zero upfront hassle fully paid permits, architect plans, plus the structure is already demolished, saving you over 190K (already paid!) in prep costs and months of red tape + carrying costs! The 4-story design consists of 2 residential units(21bd + 21 bth & 18bd + 18bth) + 1 ADU(6bd + 6bth) fully stacked with nearly identical floor plans totaling 10,248 SF of rentable square footage. An added benefit of the design is the inclusion of a two-car garage (total - 350 SF) along with two additional outdoor parking spaces. The structure has also recently been demolished, a significant saving for any buyer! The property boasts a straightforward construction process, which will help any developer save on costs and expedite project completion. Expertly designed for co-living, each floor has ample living space for the tenants to enjoy as well as a private bathroom in each bedroom suite. In addition to renting to students, the property also offers dual-use potential: it can be rented to affordable housing programs, with the possibility of earning up to $1,200 per room in rent (Buyer to Verify). The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Please contact listing agent for more details!
Days on market: 8
Listing updated: April 16, 2025 - 12:21:04
Listed by: Adam Shamooelian DRE #02116849 310-432-6400, Keller Williams Beverly Hills - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X74054 Originating MLS: CRMLS
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