1283 W 36th St, Los Angeles, CA 90007
1283 W 36th St, Los Angeles, CA 90007
1283 W 36th St, Los Angeles, CA 90007
1283 W 36th St, Los Angeles, CA 90007
1283 W 36th St, Los Angeles, CA 90007
1283 W 36th St, Los Angeles, CA 90007
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$ 1,050,000
Est. payment | /mo

6 Beds

4 Baths

1,985 SqFt


Save
$ 1,050,000
Est. payment | /mo
Save

6 Beds

4 Baths

1,985 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,985 sqft

Price per Sqft $528

MLS Listing ID 26107132

Bedrooms 6

Year Built 1931

Lot Size 5,194 Sqft

Acres 0.1192

Property Sub-Type Multi-Family

Property Description

We are pleased to present 1283 W. 36th Street, a fully occupied, 2-unit student housing investment just two blocks from the University of Southern California and within the USC DPS Patrol Zone. Offering an in-place 7.0% cap rate and $7,495 in scheduled monthly income, this property combines immediate income with compelling potential for future growth. The property features a 5-bedroom + 3-bathroom front residence leased for $5,700 per month and a private rear 1-bedroom +1-bathroom unit leased for $1,795 per month. The front home's kitchen is currently undergoing a complete remodel, bringing a fresh, modern finish to the property. Together, the units provide approximately 1,985 rentable square feet on a 5,192-square-foot lot. Tenants pay for water, trash, gas, and electricity, helping reduce owner operating expenses. Adding to the upside, a large, separate parking structure at the rear of the property offers the potential to be converted into an ADU, creating an opportunity to increase rental income and cash flow. Any conversion would be subject to city approvals and buyer verification. With both units occupied, a prime location near campus, and the potential to add future income, 1283 W. 36th Street offers investors an opportunity to acquire a well-positioned asset in the heart of the USC rental market.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Flooring Vinyl Plank

Equipment Range/Oven, Refrigerator, Freezer, Dryer, Washer, Other, Garbage Disposal, Recirculated Exhaust Fan

Laundry Laundry Area

Exterior

Parking Features Gated, Private, Garage Is Detached

Garage Spaces 4.0

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by EstateX inc.

Schools and Properties Nearby

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1283 W 36th St