1359 W 35th Pl , Los Angeles, CA 90007
$4,495,000
Est. Payment: $24,006.45/mo
34 Bed
36 Bath
10602 Sqft
Status: Active | Days on site: 6
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CLW-X74054 - CLW-C136898
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House Description

Introducing 1359 W. 35th Place, a premier new-construction student housing investment located just steps from the University of Southern California (USC) and within the DPS Patrol Zone. Newly constructed in 2025, this thoughtfully designed asset features 34 fully permitted bedrooms and 36 bathrooms, a rarity in the USC student housing market, with each bedroom offering a private en-suite bathroom and closet. Priced at $4,495,000, this represents an attractive $132,206 per bedroom and $424 per square foot, offering investors a strong 7.61% cap rate (which already accounts for an 8% professional property management fee). The property has been meticulously designed for comfort, functionality, and long-term durability. Each unit contains two washer/dryer hookups and a powder room, and every floor includes its own full kitchen, making daily living convenient for tenants and management efficient for owners. The 10-foot ceilings, premium finishes, and thoughtful layouts elevate this property above standard student rentals, making it ideal for both rent-by-the-room and rent-by-the-bed leasing strategies. A spacious rooftop deck provides sweeping city views and a comfortable communal area for socializing, studying, or relaxing, enhancing the overall living experience and tenant appeal. Its flexible design also accommodates co-living, transitional, or affordable housing opportunities, broadening the potential tenant pool and supporting consistent occupancy. Located just a short walk from USC and less than half a mile from the Expo/Vermont E Line Metro Station, tenants enjoy easy access to Downtown Los Angeles, the LA Coliseum, BMO Stadium, California Science Center, Natural History Museum, and the upcoming Lucas Museum of Narrative Art. With the 2028 Olympics approaching and sustained demand from USC students, this brand-new, high-capacity asset represents a rare opportunity to acquire a low-maintenance, high-yield property in one of Los Angeles' most resilient rental submarkets.

Highlights

Listed by Adam Shamooelian , 310-658-2668 Keller Williams Beverly Hills , 310-432-6400. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

2025

County

Los Angeles

Area

C34 - Los Angeles Southwest

Listing ID

26668011

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:34
  • Bathrooms:36
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Lot Dimensions:37x136
Garage Capacity:3
Zoning:LARD2
Others:
  • Additional:2+ Total Units
Principal Interest
$24,006
Taxes
$2,866

Home Price

$4,495,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$899,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$24,006.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $24,006.45 $2,865.56 $0.00 $26,872.01
Yearly $288,077.35 $34,386.75 $0.00 $322,464.10
Total $8,642,320.59 $1,031,602.50 $0.00 $9,673,923.09

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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