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$ 1,125,000
Est. payment | /mo
5 Beds
1,467 SqFt
$ 1,125,000
Est. payment | /mo
5 Beds
1,467 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,467 sqft
Price per Sqft $766
MLS Listing ID CL26849785
Bedrooms 5
HOA Y/N No
Year Built 1903
Lot Size 5,302 Sqft
Acres 0.12
Property Sub-Type OTHER
Property Description
We are pleased to present the opportunity to acquire 1293 W. 36th Street, an exceptional redevelopment opportunity with full RTI plans and permits, located in the highly desirable DPS Patrol Zone just two blocks from the University of Southern California. This is a rare chance to acquire an income-producing asset today while unlocking significant value through a fully approved, shovel-ready expansion in one of LA's strongest student housing markets. The existing property consists of a 5-bedroom + 4-bathroom single-family residence. The approved RTI plans convert the existing residence into a spacious duplex, comprised of a 4-bedroom + 3-bathroom unit, and a 1-bedroom + 1-bathroom unit, and further allow for the construction of two detached ADUs, each offering 4 bedrooms + 4 bathrooms. Once fully constructed, the property will total four units with 13 bedrooms and 12 bathrooms, dramatically increasing density, income, and overall asset value. The property currently generates $5,900 per month in gross income, with a scheduled income of approximately $20,000 per month upon completion of the fully built-out units. The residence features hardwood floors, stainless steel kitchen appliances, quartz countertops, and on-site laundry. With tenants paying all water, trash, gas, and electricity, landlord expenses remain exceptionally minimal, maximizing net operating income. The investment is 100% occupied by USC students and fully leased for the 2026-2027 school year. Combined with parental guarantees on leases and occupancy levels routinely reaching 100% throughout the school year, the asset represents a low-risk investment poised for continued growth and outstanding operating fundamentals. 1293 W. 36th Street offers the best of both worlds: stable in-place cash flow today and substantial, permit-ready upside for tomorrow, about a block away 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 5040006017
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Listed by Davis Saadian • Keller Williams Hollywood Hills
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Patrick Nagel
REALTOR® | Lic# 1760790