$1,200,000

Estimated payment $7,405/month

Total Views 251,930
4 Beds
2 Baths
1,680 Sq Ft
$714 Price per Sq Ft

About This Home

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.

Listing Agent

Adam Shamooelian

Keller Williams Beverly Hills License #02116849 Listed on: 08/12/2024

Keller Williams Beverly Hills

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,148

Year Built

  • Built in 1914

Lot Details

  • 6,793 Sq Ft Lot
  • Property is zoned LAC2

Home Design

  • Split Level Home

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5041-010-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,148

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 1680
  • Lot Acreage: 0.1561
  • Stories: 2
  • Year Built: 1914
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 714.29

Exterior Features

  • Other Structures: Other
  • Pool: No
  • Spa Yn: No
  • View: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5041-010-018
  • Lot Size Area: 6793

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,148 $1,003,963 $803,171 $200,792
2024 $12,148 $984,278 $787,423 $196,855
2023 $11,917 $964,980 $771,984 $192,996
2022 $11,369 $946,060 $756,848 $189,212
2021 $11,227 $927,510 $742,008 $185,502
2019 $2,503 $185,549 $98,051 $87,498
2018 $2,414 $181,912 $96,129 $85,783
2016 $2,297 $174,850 $92,398 $82,452
2015 $1,825 $135,190 $91,011 $44,179
2014 $730 $48,275 $32,579 $15,696
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2024 08/12/24 For Sale $1,200,000 +95.1% $714 / Sq Ft
01/23/2019 01/23/19 Sold $615,000 +7.0% $366 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/29/2018 11/29/18 For Sale $575,000 -- $342 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $900,000 Orange Coast Title Company
Grant Deed $615,000 Orange Coast Title Company O
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Gift Deed -- --
Gift Deed -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $430,500 Adjustable Rate Mortgage/ARM
Previous Owner $400,000 Commercial
Previous Owner $35,000 New Conventional
Source: Public Records

Source: The MLS

MLS Number: 24-426749

The MLS

APN: 5041-010-018