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Image 1 - 1492 W 35th Pl, Los Angeles, California, 90018 - House for sale
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Image 4 - 1492 W 35th Pl, Los Angeles, California, 90018 - House for sale
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W Th Pl, Los Angeles, Home For Sale
1492 W 35th Pl, Los Angeles, California, 90018

W Th Pl, Los Angeles, Home For Sale

house for sale
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Listed: 07/19/24

1492 W 35th Pl, Los Angeles, California, 90018

6 Bed:
3 Bath:
3,370 Sq Ft Living Area:
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Price
$ 1,1M

About This House

We are pleased to present the opportunity to acquire1492 W.35th Place, a three (3) unit multifamily investment, located just blocks away from the prestigious University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of3, 370 SFon a6, 800 SFlot. The unit mix consists of one (1) 2-bedroom + 1-bathroom unit, one (1) 3-bedroom + 1-bathroom unit, and one (1) 4-bedroom + 2-bathroom unit. There are four (4) large garage spaces which can easily be converted into ADU's to further increase cash-flow. The subject property is 100% occupied, and is subject to the City of Los Angeles rent control regulation. Current income is approximately$5, 863/month, with about 40% potential upside in rents.

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Exposition Park Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.