1286 W 35th Pl
New Construction | Student Housing Investment Opportunity | Located within DPS Patrol Zone
Marketing description
• Newly Constructed USC Student Housing Asset – Completed in 2025, the property offers investors a turnkey student housing investment with modern construction, contemporary finishes, and no deferred maintenance.
• Prime Location Within USC DPS Patrol Zone – Located just west of USC and within the university's 24-hour Department of Public Safety patrol zone, the property benefits from one of the most desirable and secure student housing locations in the market.
• Strong and Growing USC Housing Demand – USC enrolls more than 46,000 students, with approximately 60% living off campus, creating a deep and consistent pool of renters supported by record application volume and increasing university selectivity.
• Purpose-Built for Maximum Leasing Flexibility – Offering a combination of single and double-occupancy rooms at multiple price points, the property is designed to attract a broad spectrum of students while supporting strong occupancy and rapid lease-up.
• High-Density 25-Bed Configuration with Additional Upside – The property currently accommodates 25 beds, with several oversized bedrooms providing the potential to increase occupancy to 27 beds and further enhance revenue.
• Projected 7.02% CAP Rate Upon Stabilization – Offered at approximately $174,000 per bed, the property delivers an attractive projected yield with a 7.02% CAP rate and 10.31 GIM upon stabilization.
• Diverse Unit Mix Appeals to Multiple Tenant Profiles – Consisting of two three-bedroom units, two five-bedroom units, and one six-bedroom unit, the property caters to both individual renters and larger student groups seeking shared housing arrangements.
• Modern Interiors with Premium Finishes – All units are fully furnished and feature quartz countertops, stainless steel appliances, wood-style flooring, in-unit laundry, central HVAC, double-pane windows, and built-in closets.
• Walkable to USC and Major Student Amenities – The property is located approximately one-half mile from USC's University Park Campus and less than one mile from USC Village, placing students within easy reach of academic, retail, and dining destinations.
• Convenient Access to Public Transportation – The nearby Expo/Vermont Metro Station provides direct connectivity to Downtown Los Angeles, Mid-City, and the Westside, enhancing convenience for residents.
• Potential 100% Bonus Depreciation Benefits – Investors may benefit from accelerated depreciation through a cost segregation study, creating the potential for significant tax savings during the early years of ownership.
• Immediate Cash Flow with Long-Term Appreciation Potential – Combining strong projected income, institutional-quality construction, and one of Los Angeles' most resilient rental markets, the property offers both current yield and long-term value creation.
Investment highlights
The Ben Lee Group is pleased to present 1286 W 35th Pl, a newly constructed 25-bed student housing asset located just West of USC, within the USC Department of Public Safety (DPS) 24-hour patrol zone.
USC enrolls over 46,000 students, with approximately 60 percent living off campus, creating a deep pool of rental demand. The university continues to climb national rankings, setting a record for both application volume and selectivity in 2026.
1286 W 35th Pl was purpose-designed to attract a wide range of student tenants with its diverse mix of bedroom layouts at multiple price points, from single-occupancy options to shared accommodations. Early leasing has already achieved projected rents in several bedrooms, highlighting strong demand across unit types and validating the asset’s positioning in the student housing market.
The property includes two three-bedroom units, two five-bedroom units, and one six-bedroom unit, supported by three tandem and one single parking space. All units are fully furnished and feature open, light-filled floor plans with wood-style flooring, quartz countertops, stainless steel appliances, and ample cabinetry. Each unit also offers in-unit laundry, central HVAC, double-pane windows, and built-in closets, blending comfort with contemporary design.
The property is a half-mile from USC’s main University Park Campus and under a mile from USC Village, with the Expo/Vermont Metro station nearby providing convenient access to Downtown, Mid-City, and the Westside.
Offering double-occupancy and single rooms at varied price points, along with less dense three- to six-bedroom layouts, the property appeals to a broad student base—driving demand from both groups and individuals and ensuring a rapid lease-up.
The property is being offered at $174,000 per bed with a projected 7.02% CAP rate and 10.31 GIM upon stabilization. Several oversized bedrooms create additional upside, with the potential to increase the bed count to 27, enhancing returns and long-term value for new ownership.
Beyond its strong in-place cash flow, the property also provides investors with compelling tax advantages. Under the One Big Beautiful Bill Act, multifamily assets qualify for 100% bonus depreciation, creating the potential to significantly shelter income in the early years of ownership. Investors are encouraged to contact the listing agents for a cost segregation feasibility study to better understand and maximize these accelerated depreciation benefits.
1286 W 35th Pl offers investors a rare chance to acquire a turnkey, recession-resilient asset in one of Los Angeles’ most durable rental submarkets. With strong in-place income, zero deferred maintenance, and a compelling entry basis, the property provides immediate cash flow today while positioning new ownership for meaningful long-term upside.
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