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1745 W 35th Place, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

1745 W 35th Place, Los Angeles, California 90018 home-pic-0
ACTIVE$4,299,000
1745 W 35th Place, Los Angeles, California 90018
0Bed
0Bath
8,592Sqft
6,802Lot
Year Built
1907
Close
-
List price
$4.3M
Original List price
$4.3M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
DW25056757
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $4.30M(85th), sqft - 8592(85th), beds - undefined(50th), baths - undefined(50th).

Discover a remarkable opportunity with this newly built multi-family property, destined to be a cornerstone of your investment portfolio. Offering 2 well-appointed units, featuring a total of 30 bedrooms and 30 Bathrooms, this property promises consistent rental income in a bustling Los Angeles neighborhood. Strategically located, this property places residents within walking distance to essential amenities and some of the city's favorite attractions. Education needs are well met by the nearby James A Foshay Learning Center, making this spot ideal for families. Accessibility is seamless, with the Expo / Crenshaw train station and multiple bus stops, such as Adams & St. Andrews Pl. (Northbound), just a short commute away. Grocery shopping is made easy with Galleria Market nearby, while the Exposition Park Rose Garden offers a tranquil escape with its lush landscapes and colorful blooms. Perfectly zoned for multi-family use, this property is not just a building; it's a potential hub of lively community interaction and a focal point for tenant satisfaction. The new construction status ensures minimal maintenance costs, allowing you to focus more on maximizing returns rather than fixing problems. Take advantage of this chance to own a slice of Los Angeles that is as profitable as it is appealing. Whether you're looking to expand your real estate portfolio or stepping into the investment arena, this property holds the key to substantial rental income and long-term capital appreciation. Secure your future with this smart acquisition in an ever-growing metropolis!

Nearby schools

4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.1mi
3/10
Sixth Avenue Elementary School
Public,•K-5•0.8mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.8mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•0.9mi
2/10
John W. Mack Elementary School
Public,•K-5•1.0mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.6mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.6mi
/10
Maple Primary Center
Public,•K-1•2.3mi
3/10
Trinity Street Elementary School
Public,•K-5•2.5mi
2/10
Audubon Middle School
Public,•6-8•1.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.5mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•2.0mi
5/10
Foshay Learning Center
Public,•K-12•0.4mi
3/10
Manual Arts Senior High School
Public,•9-12•1.5mi
4/10
West Adams Preparatory High School
Public,•9-12•1.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.1mi
5/10
Santee Education Complex
Public,•9-12•2.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.5mi

Price History

Date
Event
Price
03/24/22
Sold
$870,000
Condition Rating
Excellent
Despite the MLS listing showing a 'year_built' of 1907, the property description explicitly states it is 'newly built' and 'new construction.' The provided images overwhelmingly support this claim, showcasing a modern exterior, brand-new kitchens with stainless steel appliances (including two LG refrigerators and two gas ranges), white shaker cabinets, white quartz-like countertops, subway tile backsplashes, and contemporary black matte fixtures. The bathrooms are equally new and modern, featuring white vanities, black framed mirrors, and subway-tiled showers with hexagonal mosaic floors. Throughout the property, there is consistent light wood-look flooring and recessed lighting, indicating a complete and high-quality renovation or new construction within the last few years. All components appear virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Income-Generating Asset: Explicitly marketed as a multi-family property with two units, offering consistent rental income potential in a desirable Los Angeles neighborhood.
Strategic Urban Location: Situated in a bustling Los Angeles area with excellent walkability to essential amenities, grocery stores (Galleria Market), and recreational spots (Exposition Park Rose Garden).
Exceptional Transit Accessibility: Proximity to the Expo / Crenshaw train station and multiple bus stops ensures seamless commuting for tenants, enhancing rental appeal.
Highly-Rated School Proximity: Located within 0.5 miles of the 5-star rated James A Foshay Learning Center (K-12), making it attractive to families.
Claimed New Construction: The description highlights 'newly built' status and 'new construction,' implying minimal immediate maintenance costs and modern amenities (pending verification due to conflicting year built).

Cons

Critical Data Inconsistencies: A significant discrepancy exists between the listed 'year_built: 1907' and the description's repeated claim of 'newly built' and 'new construction status.' This requires immediate clarification to assess the property's true age, condition, and potential renovation history.
Highly Improbable Unit Configuration: The stated '30 bedrooms and 30 Bathrooms' for a 2-unit, 8592 sqft property is extremely unrealistic and likely a data error. This fundamental detail must be verified as it dramatically impacts potential rental income, occupancy, and property valuation.
Unjustified Price Appreciation: The property's current list price of $4.299 million represents a nearly 400% increase from its last sale price of $870,000 in March 2022. This rapid appreciation, coupled with the 'new construction' claim, demands extensive due diligence to understand the scope of any renovations or market shifts justifying such a valuation.

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