1293 W 36th Street , Los Angeles, CA 90007
Los Angeles, CA 90007
Description
We are pleased to present the opportunity to acquire 1293 W. 36th Street, an incredible redevelopment opportunity with full RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, about 2 blocks to the University of Southern California (USC). The existing property currently consists of a total of five (5) bedrooms & four (4) bathrooms. The RTI plans have been approved to convert the existing Single-Family Residence to a spacious Duplex, consisting of a 4-bedroom + 3-bathroom unit & a 1-bedroom +1-bathroom unit. The plans are also approved to construct two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms. Fully constructed, there will be a total of 4 units, 13-bedrooms + 12-bathrooms. Current income is $5,900/month Finalized constructed units will have a scheduled income of approximately $20,000/month.The property features hardwood floors, stainless steel kitchen appliances, quartz counter tops,On-site laundry, and the tenants pay all utility expenses. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 school year.
Details
| Mls | 24436853 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1903 |
| Days On Site | 97 |
| Listing Provided By | KW Advisors 310-482-2200 | Davis Saadian |
Features
| Beds | 13 |
|---|---|
| Baths | 12 |
| Sq Feet | 1,467 |
| Storys | 1 |
| Units | 4 |
| Buildings | 4 |
| Zoning | LARD1.5 |
| Acreage | 0.12 |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $1,495,000 low | high Med: $1,299,500 SqFt: 1,467 low | high Med: 2,519 $ / SqFt: $1,019 low | high Med: $534 On Site: 97 low | high Med: 522.500000 | |
