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326 E 35th St 4 Unit Apartment Building $1,239,691 CAD ($309,923 CAD/Unit) 5.49% Cap Rate Los Angeles, CA 90011
Investment Highlights
- There is approximately 28% rental upside remaining, capturable through ordinary turnover.
- Four units over 3,944 SF of improvements offer large floor plans with 1BD-to-2BD conversion upside for added income (buyer to verify).
- USC campus sits a mile west; Exposition Park is within 1.5 miles, home to the California Science Center and the Lucas Museum (opens Sept 2026).
- Being offered at $227 per square foot, significantly below the average of the recent comparable four-unit sales in the surrounding submarket.
- Metro E Line's Jefferson/USC Station is 0.7 mi northwest, A Line's San Pedro St 1.1 mi north, with three Metro local lines within a quarter mile.
- Within 1.5 miles of the LA28 Exposition Park Zone venues, with city and Metro infrastructure work advancing ahead of the 2028 Games.
Executive Summary
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 326 East 35th Street, a four-unit apartment community located in South Los Angeles, just east of Main Street between Jefferson Boulevard and Martin Luther King, Jr. Boulevard.
Built in 1913, the property comprises 3,944 square feet of improvements on a 4,996-square-foot parcel, with a unit mix of three one-bedroom units and one two-bedroom unit across large floor plans, which offer potential to convert the one-bedroom units into two-bedrooms and drive additional income (buyer to verify). There is approximately 28% rental upside remaining, capturable through ordinary turnover. The offering is priced at $227 per square foot, significantly below the average of the recent comparable four-unit sales in the surrounding submarket.
With a Walk Score of 83, the property sits 0.7 miles from Jefferson/USC Station on the Metro E Line, with the 10/48, 51 and 102 Metro local lines all stopping within a quarter mile. The 110 Freeway runs less than a mile west, and Downtown Los Angeles is about two and a half miles north. The USC campus sits about a mile west, and Exposition Park lies within a mile and a half, where the Lucas Museum of Narrative Art opens in September 2026 alongside the California Science Center. That corridor carries the venues of LA28’s Exposition Park Zone: the Los Angeles Memorial Coliseum, Exposition Park Stadium and USC’s Galen Center. The city and Metro are advancing transit and infrastructure work across Los Angeles ahead of the 2028 Summer Games.
326 East 35th Street offers investors an opportunity to acquire a value-add asset in one of the most accessible submarkets in South Los Angeles.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Built in 1913, the property comprises 3,944 square feet of improvements on a 4,996-square-foot parcel, with a unit mix of three one-bedroom units and one two-bedroom unit across large floor plans, which offer potential to convert the one-bedroom units into two-bedrooms and drive additional income (buyer to verify). There is approximately 28% rental upside remaining, capturable through ordinary turnover. The offering is priced at $227 per square foot, significantly below the average of the recent comparable four-unit sales in the surrounding submarket.
With a Walk Score of 83, the property sits 0.7 miles from Jefferson/USC Station on the Metro E Line, with the 10/48, 51 and 102 Metro local lines all stopping within a quarter mile. The 110 Freeway runs less than a mile west, and Downtown Los Angeles is about two and a half miles north. The USC campus sits about a mile west, and Exposition Park lies within a mile and a half, where the Lucas Museum of Narrative Art opens in September 2026 alongside the California Science Center. That corridor carries the venues of LA28’s Exposition Park Zone: the Los Angeles Memorial Coliseum, Exposition Park Stadium and USC’s Galen Center. The city and Metro are advancing transit and infrastructure work across Los Angeles ahead of the 2028 Summer Games.
326 East 35th Street offers investors an opportunity to acquire a value-add asset in one of the most accessible submarkets in South Los Angeles.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
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Property Facts
| Price | $1,239,691 CAD | Property Subtype | Apartment |
| Price Per Unit | $309,923 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.49% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 11.94 | Building Size | 3,944 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Zoning | LAR2 - Low-Medium Residential | ||
| Price | $1,239,691 CAD |
| Price Per Unit | $309,923 CAD |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| Gross Rent Multiplier | 11.94 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,944 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Zoning | LAR2 - Low-Medium Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5120-014-010 | Improvements Assessment | $409,431 CAD |
| Land Assessment | $582,654 CAD | Total Assessment | $992,086 CAD |
Property Taxes
Parcel Number
5120-014-010
Land Assessment
$582,654 CAD
Improvements Assessment
$409,431 CAD
Total Assessment
$992,086 CAD
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326 E 35th St
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