We are please to offer the opportunity to acquire a fully permitted, ready-to-build co-living housing development located just minutes from the University of Southern California (USC). Situated at 1787 W. 35th Street, the approved three-story project consists of 2 residential units totaling 35 bedrooms and 37 bathrooms, with approximately 10,332… Read More SF of rentable living space.
The thoughtfully designed co-living configuration includes one 17-bedroom/18-bathroom unit and one 18-bedroom/19-bathroom unit, featuring highly efficient, nearly identical stacked floor plans. Each bedroom is designed as a private suite with its own bathroom, complemented by spacious shared kitchens, dining areas, living spaces, and laundry facilities.
With permits and architectural plans already completed and paid for, the project provides a substantial head start for a developer looking to avoid much of the time, expense, and carrying costs typically associated with the pre-construction and entitlement process. Seller reports more than $250,000 invested in plans, permits, and related pre-development costs.
The property’s high-bedroom-count, private-bath configuration creates a compelling opportunity for a variety of rental strategies, including student housing, co-living or single-room occupancy-style housing, Section 8/Housing Choice Voucher tenants, and other qualifying affordable or supportive housing programs, subject to applicable requirements and approvals. Potential rents of up to $1,450 per bedroom have been projected; Buyer to independently verify rents, program eligibility, occupancy requirements, licensing, and permitted uses.
Located in close proximity to USC, University Village, academic facilities, dining, shopping, entertainment, and major transportation corridors, this is a rare opportunity to acquire a high-bedroom-count, fully permitted development project positioned for strong rental potential in the USC housing market. Contact listing agent for plans, permits, and additional project information. Read Less
Property listed by Kase Real Estate, Danny Prasad 310-259-7556
Listing Snapshot
Days Online
4
Last Updated
Property Type
Duplex
Lot Size
0.16 Acres
Year Built
1967
MLS Number
PW26173877
Additional Details
Building
Built in 1967, 1 building, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: Front Street Level
Community
Urban
Expenses
Operating: $172,050
Fireplaces
Bath, DiningRoom, Kitchen, LivingRoom
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $609,000, Net Operating Income: $436,950
Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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