1293 W 36th Street
Los Angeles, CA, 90007
$1,495,000
13 Beds
12 Baths
1,467 SqFt
0.12 Acres
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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.
LISTING AGENT: Davis Saadian
LISTING BROKERAGE: KW Advisors
1293 W 36th Street
Los Angeles, CA

Property Details

Price:
$1,495,000
MLS #:
24436536
Status:
Active
Beds:
13
Baths:
12
Address:
1293 W 36th Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Sep 6, 2024
State:
CA
Finished Sq Ft:
1,467
ZIP:
90007
Lot Size:
5,302 sqft / 0.12 acres (approx)
Year Built:
1903
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Disposal, Refrigerator
Fireplace Features
None

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Parking Features
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Parking Spots
5.00
Pool Features
None
Spa Features
None
Stories Total
1
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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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