Active

1189 W 36th Pl

Los Angeles CA, 90007

$2,750,000


$558.60 per sqft

Active

16 Beds

8 Baths

4,923 sqft

Multi-family

Built in 1960

We are pleased to offer the opportunity to acquire this four (4) unit, 16-bedroom, value-add student housing apartment complex, located in the highly desirable DPS Patrol Zone, less than 1 block to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation built in 1960 with a square footage of 4,923 on a 5,981-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of (4) 4-bedroom + 2-bathroom units. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, five (5) on-site parking spaces, and individually metered for gas and electricity. Three of the four units will be delivered vacant upon the close of escrow an excellent value-add opportunity to remodel and update the units to achieve top market rents.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 expansive lot size allows an investor to add even more value to the property by constructing an ADU to further increase cash-flow (about $5,500/month), generating an even higher yield/ net income. (Buyer to verify)

24-473609

MLS ID

December 19, 2024

Listed

January 14, 2025

Updated

Map

1189 W 36th Pl
Los Angeles CA, 90007

Interior Features

Total Stories

2


Bedrooms

16


Total Bathrooms

8


Appliances

Range/Oven, Refrigerator, Other, Washer, Dryer


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Area Name

Los Angeles Southwest


Days on Market

8


Garage

No


Parking

Private, Other


Parking Total

5


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listed by Davis Saadian with KW Advisors
Listing Contact: 310-402-8958 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Clara Yang | CA DRE# 01201082 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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Data last updated 1/14/2025

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