1471 W 35th Place, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$1,570,000
1471 W 35th Place, Los Angeles, California 90018
0Bed
0Bath
12,456Sqft
6,800Lot
Year Built
1919
Close
-
List price
$1.57M
Original List price
$1.57M
Price/Sqft
$126
HOA
-
Days on market
-
Sold On
-
MLS number
OC25163278
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.57M(85th), sqft - 12456(92th), beds - undefined(50th), baths - undefined(50th).
Prime Development Opportunity Near USC Incredible opportunity to develop student housing just minutes from USC! Zoned This property offers significant upside with potential for high-density residential units (can be build 44 bedrooms 46 bathrooms, around 12,456 sqft, permit is submitted and waiting for approval). Located in a rapidly growing area with strong rental demand, it’s perfect for developers and investors looking to capitalize on the booming USC market. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Don’t miss this chance to build in one of LA’s hottest neighborhoods!
Nearby schools
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.4mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.5mi
2/10
John W. Mack Elementary School
Public,•K-5•0.5mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.9mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.2mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.3mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.3mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.5mi
/10
Maple Primary Center
Public,•K-1•1.9mi
3/10
Trinity Street Elementary School
Public,•K-5•2.1mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.6mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.4mi
3/10
Manual Arts Senior High School
Public,•9-12•1.3mi
4/10
West Adams Preparatory High School
Public,•9-12•1.3mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.4mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.1mi
Price History
Date
Event
Price
07/20/25
Listing
$1,570,000
08/06/24
Sold
$1,050,000
Condition Rating
Tear down
The property was built in 1919, making it over 100 years old. The listing explicitly markets it as a 'Prime Development Opportunity' for high-density student housing, with permits submitted for a new 44-bedroom, 46-bathroom building. All provided images are architectural renderings of the proposed new building, not photos of the existing structure. This strongly indicates that the value lies in the land and its redevelopment potential, and the existing structure is intended for demolition, fitting the 'Tear-down' criteria.
Pros & Cons
Pros
Prime Development Opportunity: The property is explicitly marketed as a prime development opportunity, specifically for high-density student housing near USC.
Strategic Location: Situated just minutes from USC in a rapidly growing area, ensuring strong rental demand for future student housing units.
High-Density Potential: Significant upside with potential to build 44 bedrooms and 46 bathrooms across approximately 12,456 sqft, maximizing land use.
Advanced Permit Status: Permits for the proposed development have already been submitted and are awaiting approval, reducing initial legwork for the buyer.
Strong Market Demand: Located in a booming USC market with strong rental demand, indicating a high likelihood of successful lease-up for developed units.
Cons
Permit Approval Contingency: The full development potential is contingent on the approval of submitted permits, which is not guaranteed and could introduce delays or changes.
Existing Structure Utility: The property's value is primarily in its land and development potential, implying the existing 1919 duplex will likely require demolition, incurring additional costs.
Significant Capital Investment: Beyond the purchase price, the project requires substantial additional capital for construction and development, which may be a barrier for some investors.