1293 36th Street, Los Angeles, CA 90007
Contact Silva Babaian
Schedule A Showing
Request more information
- 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
- DMCA Notice
-
DescriptionWe 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.
Property Location and Similar Properties
Features
Appliances
- Refrigerator
Building Area Total
- 1467.00
Country
- US
Laundry Features
- Washer Included
- Dryer Included
Levels
- One
Netoperatingincome
- 175500.00
Parcel Number
- 5040006017
Parking Features
- Private
Postalcodeplus4
- 3935
Sourcesystemkey
- 24-436853:CLAW
Totalexpenses
- 58500.00
Year Built
- 1903
Zoning
- LARD1.5