1408 W 35th St, Los Angeles, CA 90018 - View 1
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1408 W 35th St, Los Angeles, CA 90018

List Price: $1,200,000On Market FlagOn market
Aug 12, 20241,680 sqft4 beds2 baths
Listed by: Adam Shamooelian
License #: 02116849
Phone #: 310-658-2668
Keller Williams Beverly Hills
Source:
CRMLS Logo
MLS #: 24426749

Property Description

We are pleased to present the opportunity to acquire this 6,793, SF lot Student Housing + Affordable Housing Development opportunity located at 1408 W. 35th Steet, a couple of blocks away from the University of Southern California (USC). The site offers a zoning ordinance of LAC2-CPIO, which allows for the construction of 16 units by right + ADU's. The property also has the dual purpose of being developed as an affordable housing site with additional density utilizing both AB2334 & ED1 (Buyer to Verify). There is a single family residence currently on the lot, which can be delivered 100% vacant. The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,280

TurboHome Estimated Value

$1,076,000

$640 sqft

High Valuation
$1,129,800
$673/sqft
Normal Valuation
$1,076,000
$640/sqft
Low Valuation
$1,022,200
$608/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$640/sqft$1,076,000

Neighborhood: South Los Angeles

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Comparative Value

$659K

$765K

$900K

$1.15M

$1.20M

$1.30M

3787 S La Salle Ave, Los Angeles, CA 90018

Sale Price: $658,500

Selected Comparable

1583 W 35th Pl, Los Angeles, CA 90018

Sale Price: $765,000

Selected Comparable

1637 W 37th St, Los Angeles, CA 90018

Sale Price: $900,000

Selected Comparable

1261 W 35th Pl, Los Angeles, CA 90007

Sale Price: $1,150,000

Selected Comparable

1408 W 35th St, Los Angeles, CA 90018

List Price: $1,200,000

Subject Property

2907 Halldale Ave, Los Angeles, CA 90018

Sale Price: $1,300,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1408 W 35th St, Los Angeles, CA 90018

1408 W 35th St, Los Angeles, CA 90018

List: $1,200,000

Listed: 8/12/2024

Area:1,680 sqft
Price/sqft:$714
Beds:4
Baths:2
Year Built:
Lot Size:6,793

Comparable Properties

COMPARABLE
Choose comps
1583 W 35th Pl, Los Angeles, CA 90018

1583 W 35th Pl, Los Angeles, CA 90018

Sale: $765,000

12/13/20240.29 mi

Area:1,670 sqft
Price/sqft:$458
Beds:4
Baths:2
Year Built:
Weight:22.1%
1637 W 37th St, Los Angeles, CA 90018

1637 W 37th St, Los Angeles, CA 90018

Sale: $900,000

11/15/20240.44 mi

Area:1,589 sqft
Price/sqft:$566
Beds:4
Baths:2
Year Built:
Weight:20.9%
3787 S La Salle Ave, Los Angeles, CA 90018

3787 S La Salle Ave, Los Angeles, CA 90018

Sale: $658,500

9/10/20240.55 mi

Area:1,877 sqft
Price/sqft:$351
Beds:4
Baths:2
Year Built:
Weight:19.4%
2907 Halldale Ave, Los Angeles, CA 90018

2907 Halldale Ave, Los Angeles, CA 90018

Sale: $1,300,000

6/18/20250.34 mi

Area:1,920 sqft
Price/sqft:$677
Beds:4
Baths:3
Year Built:
Weight:19.0%
1261 W 35th Pl, Los Angeles, CA 90007

1261 W 35th Pl, Los Angeles, CA 90007

Sale: $1,150,000

3/19/20250.24 mi

Area:2,169 sqft
Price/sqft:$530
Beds:4
Baths:2
Year Built:
Weight:18.5%

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