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Adam & Charlotte Pettit

charlotteathome@gmail.com +1(805) 717-7457

$1,450,000

Est. payment - /mo

35 Beds

2 Baths

10,332 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 10,332 sqft

Price per Sqft $140

MLS Listing ID PW26174983

Bedrooms 35

Half Baths 2

HOA Y/N No

Year Built 1967

Lot Size 6,804 Sqft

Property Sub-Type Single Family Residence

Property Description

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 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Rooms

Main Level Bedrooms 1

Interior

Interior Features All Bedrooms Up, All Bedrooms Down

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Urban

View Y/N No

View None

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5041005018

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Special Listing Condition Standard

Lease Land No

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Listed by Danny Prasad Kase Real Estate 702-768-7334, DRE #02094573

NEARBY SCHOOLS & PROPERTIES

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Adam & Charlotte Pettit

+1(805) 717-7457

Agent | License ID: 02095317

Agent License ID: 02095317

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1787 W 35th Los Angeles, CA 90018

Adam & Charlotte Pettit

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1787 W 35th