Homes for sale - 1293 W 36th ST, Los Angeles, CA 90007

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Adam Elkebir

adame.rwallstars@me.com +1(909) 261-7375

$1,495,000

Est. payment - /mo

13 Beds

12 Baths

1,467 SqFt

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UPDATED:

09/30/2024 06:16 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,467 sqft

Price per Sqft $1,019

MLS Listing ID 24436536

Bedrooms 13

Full Baths 12

HOA Y/N No

Year Built 1903

Lot Size 5,301 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Rooms

Ensuite Laundry Outside

Interior

Laundry Location Outside

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Disposal, Refrigerator, Dryer, Washer

Laundry Outside

Exterior

Garage Assigned

Pool None

View Y/N No

View None

Parking Type Assigned

Total Parking Spaces 5

Private Pool No

Building

Story 1

Entry Level One

Architectural Style See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5040006017

Special Listing Condition Standard

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Listed by Davis Saadian • KW Advisors

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Adam Elkebir

+1(909) 261-7375

Agent | License ID: 01240576

Agent License ID: 01240576

1293 W 36th ST Los Angeles, CA 90007

Adam Elkebir

Adam Elkebir

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1293 W 36th ST