$ 1,150,000
-
$1,150,000
Price -
7
Bed -
6
Bath -
5,118
SqFt
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About the Listing CLW-X8241002 - CLW-X91036
The offering consists of a Spanish-style 4-unit building fronting 36th Street paired with a separate 3BR/2BA single-family residence at the rear of the lot. The 1-bedroom apartment units are spacious, averaging over 1,000 SF each, and the two upstairs 1-bedroom units have floor plans that easily convert to two-bedroom units. One upstairs unit is currently vacant and recently underwent extensive renovations (including new flooring, sub flooring, and a renovated kitchen and bathroom), providing immediate ability to lease at market rent without tenant relocation. Located a few blocks from USC and the LA Memorial Coliseum, site of the 2028 Olympic Games, the property offers a compelling student-housing repositioning strategy along with substantial mark-to-market rent upside on the apartment units (currently approximately 40% below market). The 3-space carport at the rear of the lot also presents potential ADU conversion opportunities for additional units and income (buyer to verify). Each unit also has its own dedicated storage space within the carport area, and the units are separately metered for gas and electricity. The upstairs 1 bedroom units also have washer-dryer hookups.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
26838933
Year Built
1929
Total Square Footage
5,118
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: LAR2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Carport,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5041017021
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1506 W 36th St Los Angeles, CA 90018
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