16 days on rocket

1318 W 35th Pl, Los Angeles, CA, 90007

$1,555,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
5 Baths
2,879 SqFt
$540/SqFt
House
Schools Nearby

Location

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1318 W 35th Pl, Los Angeles$1,555,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned, Gated
Year Built1908
MLS #24392393
Lot Size0.16 Acres
StatusActive

About 1318 W 35th Pl

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.

Property Details

Property Features

Property Information:

  • Year Built: 1908
  • Stories: 2
  • Living Area: 2,879 SqFt

Listing Office:

  • Office Name: Carolwood Estates
  • Office Phone: (310) 623-3600
  • Listing Agent: Davis Saadian

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator, Washer

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Assigned, Gated

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

School Info

Assigned Schools Information:

  • Foshay Learning Center, Public District Grades KG-12
  • Manual Arts Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Studio, Public District Grades 6-8
  • John W. Mack Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: 1318 W. 35th Place, Los Angeles, CA 90007

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,555,000
  • Price Per SqFt: $540/SqFt

Tax Information:

  • Annual Amount: $10,471
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1318 W 35th Pl vs Los Angeles

16 DAYS ON ROCKET

-18 Days

$1,555,000

+$568.5K More

$540/SqFt

-$92 Less

KEY TAKEAWAY

This property is $568.5K more than the Median Sold Price and $92/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

IDX 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: 6/1/2024, 2:20:35 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

Jun 17, 2013Home Sold
$313,000
Mar 10, 2000Home Sold
$260,000
Aug 06, 1999Home Sold
$145,000
Aug 06, 1999Home Sold
$145,000
Jun 11, 1996Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$7,828

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,728

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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

school-card-donut-6009991
3
/10

  • John W. Mack Elementary School

  • 3020 S Catalina St

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-6009992
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.00 miles

  • Public Magnet Grades KG-6

school-card-donut-6009993
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 21.37 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-6009994
4
/10

  • Studio

  • 2211 W Avenue 30

  • 6.62 miles

  • Public District Grades 6-8

High School

school-card-donut-6009995
6
/10

  • Foshay Learning Center

  • 3751 S Harvard Blvd

  • 0.56 miles

  • Public District Grades KG-12

school-card-donut-6009996
3
/10

  • Manual Arts Senior High School

  • 4131 S Vermont Ave

  • 1.05 miles

  • Public Magnet Grades 9-12

school-card-donut-6009997
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.02 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,625. Most Los Angeles, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically 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?

Active Listing: 1318 W 35th Pl is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1318 W 35th Pl are:
John W. Mack Elementary School: GreatSchools Rating 3/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
Foshay Learning Center: GreatSchools Rating 6/10
Manual Arts Senior High School: GreatSchools Rating 3/10
Math, 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.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›1318 W 35th Pl

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 April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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