$1695000 Price Analysis   ♡   Los Angeles, CA 90007 13 bed 12 bath 1467 SqFt ($1155/SqFt) 5302SqFt lot. Built 1903 Listed 2024-06-12, Taxes $3412 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present the opportunity to acquire 1293 W.
36th Street, an incredible redevelopment opportunity with RTI Plans and Permits, located in the highly desirable DPS Patrol Zone and close proximity to the University of Southern California (USC). The existing property currently consists of a total of five (5) bedrooms and four (4) bathrooms. The RTI plans have been approved to convert the existing Single Family Residence to a big Duplex, consisting of a 4-bedroom + 3-bathroom unit and a 1-bedroom +1-bathroom unit. The plans are also approved to construct two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms.
Fully constructed, there will be a total of 4 units, 13-bedrooms + 12-bathrooms. Current income is $5, 900/month. Finalized constructed units will have a scheduled income of approximately $20, 000/mnth. The property features hardwood floors, stainless steel kitchen appliances, quartz counter tops, On-site laundry and the tenants pay all utility expenses. 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 investment is 100% occupied with USC students and fully leased for the year. Please email for the Executive Summ ary/ Offering Memorandum.
Presented by Davis Saadian at
Carolwood Estates.
Property MLS #24-403199 from TheMLSCLAW
Full Bathrooms: 12
Lot Size Dimensions: 41x130
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5302
Parking Total: 5
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 3, 1 SquareFeet: 5500, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2000, 3 BedsTotal: 4, 3 BathsTotal: 4, 3 SquareFeet: 6000, 4 BedsTotal: 4, 4 BathsTotal: 4, 4 SquareFeet: 6000
County: Los Angeles
Cap Rate: 8.5
Directions: 1293 W. 36th Street | Los Angeles 90007
Source Property Type: Residential Income
Area: Los Angeles Southwest
Source Neighborhood: Los Angeles Southwest
Parcel Number: 5040-006-017
Postal Code Plus 4: 3935
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $81223 + $185661 $266884 | $3412 |
| 2021 | $79631 + $182021 $261652 | $3362 |
| 2020 | $78815 + $180155 $258970 | $3393 |
| 2019 | $77270 + $176623 $253893 | $3267 |
| 2018 | $75755 + $173160 $248915 | $3180 |
| 2017 | $74270 + $169765 $244035 | $3115 |
| 2016 | $72814 + $166437 $239251 | $3033 |
| 2015 | $71721 + $163937 $235658 | $2990 |
| 2014 | $70317 + $160726 $231043 | $3010 |
| 2013 | $70000 + $160000 $230000 | $3004 |
| 2012 | $31000 + $216000 $247000 | $3316 |
| 2010 | $31000 + $216000 $247000 | $3340 |
| 2009 | $45200 + $309800 $355000 | $4524 |
| 2009 | $31000 + $216000 $247000 | $4524 |
| 2008 | $70990 + $486540 $557530 | $6824 |
| 2007 | $30000 + $477000 $507000 | $6129 |
$1695000
TheMLSCLAW
Listing removed 2024-06-11
$0
TheMLSCLAW
Listed 2024-05-21
$1795000
TheMLSCLAW
Listing removed 2014-04-29
$1050
WestsideRentals
Listed for rent 2014-02-20
$1050
WestsideRentals
Sold 2005-02-03
$325000
Public Record
Sold 1993-05-13
$117000
Public Record
Sold 1990-07-26
$114000
Public Record
Year Built: 1903
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 121
Property Condition: Fixer, New Construction
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.