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.
Features
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Address Map
U.S.
California
Los Angeles
Los Angeles
90007
1293 W 36th Street
0
W119° 42' 9.9''
N34° 1' 22.9''
MLS Addon
$0
1,467 Sqft
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: No
9.5
8
1293 W. 36th Street | Los Angeles, CA 90007
41x130
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1

Residential Income For Sale Los Angeles

1293 W 36th Street, Los Angeles, Los Angeles, California, 90007

13 Bedrooms
1,467 Sqft
Visits : 11 in 17 days
$1,495,000
Listing ID #24436853
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24436853
Price : $1,495,000
Bedrooms : 13
Square Footage : 1,467 Sqft
Year Built : 1903
Lot Area : 5,302 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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