$1,495,000
Beds:
13
Baths:
12
Sqft:
1,467
Sqft lot:
5,301
Acre lot:
0.12
78 Days On Market -
Property listed by KW Advisors, Davis Saadian
Status:
Active
Property Type:
Single Family Residence
Year Built:
1903
Days On Website:
78
Description
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.
Features
Appliances & Equipment
- Disposal
- Refrigerator
- Dryer
- Washer
Bathrooms
- 12 full bathrooms
- 12 total bathrooms
Bedrooms
- 13 total bedrooms
Building
- Built in 1903
- Building area total: 1,467
- Levels: One
- Living area: 1467
- 1 story
- Architectural style: SeeRemarks
- Common walls: NoCommonWalls
Fireplaces
- None
Laundry
- Outside
Listing
- ListingID: 24436536
- Standard status: Active
- 8 days on market
Location
- Country: US
Lot
- 0.1217 acres
- 5,302 square feet
- Size: 5,302
Parking
- 5 totals parking
- Assigned
Pool
- None
Property
- Zoning: LARD1.5
- None
Spa
- None
Property Map
Map View
$1,495,000 - 1293 W 36th Street, Los Angeles, CA 90007
Street View
Directions
1293 W 36th Street
Los Angeles, CA 90007
Country: US