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.