1146 W 35th St

About this property

1146 W 35th Street presents a rare opportunity to acquire a fully entitled, high-density development site located in immediate proximity to the University of Southern California. Positioned in one of the strongest student housing submarkets in Los Angeles, the project is designed to maximize bedroom count and rental efficiency, making it ideally suited for a high-yield student housing investment. The approved project consists of a 15-unit apartment building configured primarily with three-bedroom units, totaling approximately 39–40 beds. This bed-optimized layout allows for premium rent per square foot relative to traditional multifamily product, driven by continued demand from USC’s growing student population. The project benefits from Transit Oriented Communities (TOC) Tier 3 incentives, allowing for increased density in exchange for a standard affordable housing component. In addition, the project has been granted CEQA exemption, significantly reducing development risk and timeline by eliminating the need for environmental review. From an entitlement and infrastructure standpoint, the project is well advanced. The LAHD covenant has been drafted, Low Impact Development (LID) approval has been secured, and LADWP power has been approved with fees pending. As a result, the project is positioned as near shovel-ready, with remaining steps largely administrative in nature. This offering provides investors and developers with the opportunity to step into a substantially de-risked project in a premier infill location, with the ability to capitalize on strong student housing fundamentals and accelerated time to construction.