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Property Description

We are pleased to present the opportunity to acquire 1293 W. 36th Street, an incredible redevelopment opportunity with RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, and close proximity 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 year. Please email for the Executive Summary/ Offering Memorandum.

Features
1
: Dryer Included, Washer Included
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Additional Information
Carolwood Estates
0
CLW-C114727
CLW-X83363
Davis
5040006017
: Standard
One
32
: Shed(s)

Multi-Family For Sale

1293 36th Street, Los Angeles, California 90007

1,467 Sqft
$1,695,000
Listing ID #24403199
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24403199
Price : $1,695,000
Living Area : 1,467 Sqft
Lot Size : 5,302 Sqft
Year Built : 1903
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $1,155
ModificationTimestamp : 2024-06-20 05:10:21
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