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$ 1,150,000
Est. payment | /mo
5 Beds
1,985 SqFt
$ 1,150,000
Est. payment | /mo
5 Beds
1,985 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,985 sqft
Price per Sqft $579
MLS Listing ID CL26849769
Bedrooms 5
HOA Y/N No
Year Built 1931
Lot Size 5,194 Sqft
Acres 0.12
Property Sub-Type OTHER
Property Description
We are pleased to present the opportunity to acquire 1283 W. 36th Street, a two-unit student housing investment located just two blocks from the University of Southern California within the highly coveted DPS Patrol Zone. Positioned in one of the strongest and most consistent student housing rental markets in Los Angeles, the property benefits from premium rents, year-round tenant demand, and the security of being fully pre-leased for the 2026-2027 academic year. The offering consists of a 5-bedroom + 3-bathroom front single-family residence pre-leased at $5,700 per month, along with a private studio unit toward the rear of the lot pre-leased at $1,795 per month, generating a combined $7,495 per month in secured gross income. The front home's kitchen is currently undergoing a full remodel and update, delivering a fresh, modern interior that further enhances the property's appeal and rental value. With both units already committed, a new investor steps into stable, in-place cash flow and dependable yield from day one. The property totals approximately 1,985 rentable square feet on a 5,192 square foot lot. Operationally, the asset is exceptionally efficient. Tenants pay for all water, trash, gas, and electricity, minimizing landlord expenses and maximizing net operating income. Adding to the investment appeal, an existing parking garage toward the rear of the lot presents a significant value-add opportunity, offering a new owner the potential to construct an ADU to further increase cash flow and overall asset value over time. Priced at an in-place 6.0% cap rate and combining secured pre-leased income, low-maintenance ownership, and long-term upside, 1283 W. 36th Street is a rare opportunity to own a premier, income-producing asset in one of LA's most reliably performing rental markets, just steps from campus.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Laundry Dryer, Washer
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 5040006015
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Listed by Davis Saadian • Keller Williams Hollywood Hills
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Patrick Nagel
REALTOR® | Lic# 1760790