1359 W 35th Place, Los Angeles, CA 90007

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. Now offered at $3,995,000, the property represents an exceptional value at just $117,500 per bedroom and $377 per square foot, offering investors an attractive 8.37% projected cap rate, inclusive of a 3% vacancy reserve and 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.