Listing by: Davis Saadian, KW Advisors

13 Beds

12 Baths

1,467 SqFt

Active

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.

Property Details
Price $1,495,000
Bedrooms 13
Full Baths 12
Half Baths 0
Total Baths 12
Property Style See Remarks
Lot Size 41x130
Lot Size Area 5302
Lot Size Area Units Square Feet
Acres 0.1217
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 1
Year Built 1903
View None
Laundry Features Washer Included,Dryer Included,Outside
Pool features None
Parking Description Assigned
Parking Spaces 5
Geographic Data
Directions 1293 W. 36th Street | Los Angeles, CA 90007
County Los Angeles
Latitude 34.023031
Longitude -118.297255
Market Area C34 - Los Angeles Southwest
Address Information
Address 1293 W 36th Street, Los Angeles, CA 90007
Postal Code 90007
City Los Angeles
State CA
Country United States
Listing Information
Listing Office KW Advisors
Listing Agent Davis Saadian
Special listing conditions Standard
MLS Information
Days on market 8
MLS Status Active
Listing Date Sep 6, 2024
Listing Last Modified Sep 14, 2024
Tax ID 5040006017
MLS Area C34 - Los Angeles Southwest
MLS # 24436536

This information is believed to be accurate, but without any warranty.
Menu