Los Angeles, CA 90007 1293 W 36th Street
$1,495,000
10 more
Presented By: Davis Saadian with KW Advisors;
Home Details
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.
Presented By: Davis Saadian with KW Advisors;
Interior Features for 1293 W 36th Street
Bedrooms
Total Bedrooms13
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Stories1
General for 1293 W 36th Street
Additional Parcels Y/NNo
AppliancesRefrigerator, Dryer, Washer
Attached Garage No
Cap Rate9.5
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
Directions1293 W. 36th Street | Los Angeles, CA 90007
Full Baths
Garage Y/NNo
Gross Income234000.0
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet5302.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income175500.0
New ConstructionNo
NumberOfUnitsTotal4
Occupancy TypeTenant
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1903
ZoningLARD1.5
Exterior for 1293 W 36th Street
Building Area Total1467.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions41x130
Lot Size Acres0.1217
Lot Size Area5302.0
Number of Buildings4
Open Parking Y/NNo
Parking FeaturesPrivate
SpaNo
Total Parking5.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480