$1,200,000
SOLD JUL 11, 2025
11 Beds
6 Baths
4,876 Sq Ft
6,802 Sq Ft Lot

Recently Sold

$246 Per Sq Ft

11% Below List Price

57 Days on Market

Highlights

  • No HOA
  • Dog Park
  • 3-minute walk to Denker Recreation Center
  • Laundry Room
  • Heating Available

About This Home

As of July 2025

First time on the market in 30+ years, this well-maintained 5-unit apartment building at 1464 W 35th Pl. offers strong in-place income contributing to a 6.16% Cap Rate with approx. 40% rent upside! Featuring a desirable unit mix (4 - 2Bd/1Ba + 1 - 3Bd/2Ba detached Single Family Residence), this property is located less than a mile from USC, making it a highly attractive option for investors. Roof fully replaced on both structures in April 2025. Don’t miss this rare chance to own in a thriving rental market!

Last Agent to Sell the Property

Kyle Soto

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-896-6055 License #02167479 Listed on: 02/26/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Martin Ensbury

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-896-6055 License #00815392

Last Buyer's Agent

Kyle Soto

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-896-6055 License #02167479 Listed on: 02/26/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,802 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 4,876 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Heating Available
  • Standard Electricity

Listing and Financial Details

  • Legal Lot and Block 38 / 4
  • Tax Tract Number 222
  • Assessor Parcel Number 5041011032
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Recreation

  • Dog Park

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $38,841
  • Gross Income $119,364
  • Net Operating Income $76,942

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • CapRate: 6.16
  • Price Per Unit: 250000
  • Property Attached: Yes
  • View: No
  • Zoning: LARD2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5041011032
  • Year Built: 1922
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 246.10

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6802.00
  • Lot Size Acres: 0.1562

Multi Family

  • Gross Income: 119364.00
  • Gross Operating Income: 115783.00
  • Gross Scheduled Income: 119364.00
  • Lot Size Area: 6802.0000 Square Feet
  • Net Operating Income: 76942.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 38841.00
  • Operating Expense Percent: 33.50
  • Rent Control: Yes
  • Total Actual Rent: 9947.00
  • Total Expenses: 38841.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 2225.00
  • Tax Lot: 38
  • Tax Tract Number: 222...

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Sold $1,200,000 -4.0% $246 / Sq Ft
04/24/2025 04/24/25 Pending -- -- --
04/14/2025 04/14/25 Price Changed $1,250,000 -7.4% $256 / Sq Ft
02/26/2025 02/26/25 For Sale $1,350,000 -- $277 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25040699

California Regional Multiple Listing Service (CRMLS)