1189 W 36th Place

Los Angeles, CA 90007

  • 16 Bed(s)
  • 0 Bath(s)
  • 4,923 Sqft
  • 5983
    Sqft(Lot)
$2,750,000

Description

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)

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48137132

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator,Dryer,Washer

  • Building Information

    • Year Built: 1960
    • Building Area Total: 4,923

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1374
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 5983

  • Listing Price Information

    • Original List Price: 2,750,000
    • Listing Contract Date: 2024-12-19

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5040017006

  • Garage and Parking

    • Garage Description: Private

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C34 - Los Angeles Southwest
    • Postal Code Plus 4: 5110
    • Directions: 1189 W. 36th Place | Los Angeles, CA 90007
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: C34 - Los Angeles Southwest

    Building and Construction

    • Property Age: 64
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4923
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/25/2024 @ 02:58

  • MLS: 24473609
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 4,923 sqft, 5,983 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90007, this Los Angeles County Home are nearby neighborhoods.