Description

Student housing investment property located at 1327 West 35th Street in Los Angeles, California near the world-renowned University of Southern California! The property’s location demands premium student housing rental rates, making this an outstanding acquisition opportunity for an investor looking for strong in-place cash flow, and current rents offer an additional nine percent rental upside. Furthermore, attractive seller financing is available to qualified buyers. 1327 West 35th Street comprises a massive three-story, eight-bedroom/six-bathroom Craftsman mansion and a rear service house that features four bedrooms and two baths. The property has been renovated and boasts amenities such as new kitchen appliances, furnished rooms with mini fridges, laundry facilities, on-site parking, secure entry, and a bike storage room. The property’s excellent location within the DPS Patrol Zone and walking distance to campus make it a fantastic student housing option. Student housing needs continue to grow, and two brand new developments aimed toward student rentals are on the same block as 1327 West 35th Street with several others underway nearby.