Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1293 36th Street, Los Angeles, CA 90007
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    1293 36th Street
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    • MLS#: 24436853 ( )
    • Street Address: 1293 36th Street
    • Viewed: 1
    • Price: $1,495,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1903
    • Bldg sqft: 0
    • Days On Market: 233
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90007
    • Provided by: KW Advisors
    • Contact: Davis Davis
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Appliances
    1. Refrigerator
    Building Area Total
    1. 1467.00
    Country
    1. US
    Laundry Features
    1. Washer Included
    2. Dryer Included
    Levels
    1. One
    Netoperatingincome
    1. 175500.00
    Parcel Number
    1. 5040006017
    Parking Features
    1. Private
    Postalcodeplus4
    1. 3935
    Sourcesystemkey
    1. 24-436853:CLAW
    Totalexpenses
    1. 58500.00
    Year Built
    1. 1903
    Zoning
    1. LARD1.5
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836