1293 W 36th ST, Los Angeles, CA 90007
1293 W 36th ST, Los Angeles, CA 90007
1293 W 36th ST, Los Angeles, CA 90007
17
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$1,025,000
Est. payment /mo
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5 Beds
4 Baths
1,467 SqFt
New

1293 W 36th ST Los Angeles, CA 90007

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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 $698

MLS Listing ID 26107360

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1903

Lot Size 5,301 Sqft

Property Sub-Type Single Family Residence

Property Description

We are pleased to present 1293 W. 36th Street, a fully remodeled student housing property just two blocks from the University of Southern California and within the USC Department of Public Safety (DPS) Patrol Zone. The home has maintained 100% occupancy for the past 15 years and is fully leased to USC students for the 20262027 academic year. Current gross rent is $5,900 per month, or $70,800 annualized.Fully remodeled throughout, the home consists of five (5) large private bedrooms with four (4) updated bathrooms, giving students their own space and making shared living more comfortable. The spacious interior features vinyl plank flooring, a remodeled kitchen, and on-site laundry. For the next owner, the appeal starts with the home as it stands today. Parental guarantees back the leases, tenants pay all water, trash, gas, and electricity costs, and the remodeled residence is already producing income in one of the closest residential pockets to USC. Beyond the income already in place, approved, ready-to-issue plans give the buyer the option to expand to 13 bedrooms and 12 bathrooms across four units. The plans call for converting the residence into a duplex with a 4-bedroom + 3-bathroom unit and a 1-bedroom + 1-bathroom unit, plus adding two detached ADUs, each with four bedrooms and four bathrooms. At full buildout, projected gross rent reaches approximately $20,000 per month, or $240,000 annually, more than three times the current rent roll.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Flooring Tile

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Gated, Private

Pool None

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5040006017

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Davis Saadian EstateX inc. #01921748

NEARBY SCHOOLS & PROPERTIES

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Expert Real Estate Services

Expert Real Estate Services

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+1(949) 200-7079

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1293 W 36th ST