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1293 W 36th St, Los Angeles, CA 90007
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1293 W 36th St Los Angeles, CA 90007

$1,495,000
  • 13 Beds
  • 12 Baths
  • 1,467 Sq.Ft.
For Sale
$1,495,000 Get Pre-Qualified
Map preview of 1293 W 36th St, Los Angeles, CA 90007

Property Overview: 1293 W 36th St Los Angeles, CA has 13 bedrooms, 12 bathrooms, 1,467 living square feet and 5,302 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 1293 W. 36th Street, an incredible redevelopment opportunity with full RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, about 2 blocks to the University of Southern California (USC). The existing property currently consists of a total of five (5) bedrooms & four (4) bathrooms. The RTI plans have been approved to convert the existing Single-Family Residence to a spacious Duplex, consisting of a 4-bedroom + 3-bathroom unit & 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/month.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 2024-2025 school year.

Listed by Davis Saadian | BRE #01921748 | KW Advisors
Last checked: 7 minutes ago | Last updated: September 14th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,302
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24436853
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $6,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $6,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,900
  • Total Rent: $5,900
  • Pro Forma/Market Rent: $6,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.5%
  • Gross Rent Multiplier: 7.95
  • Gross Scheduled Income: --
  • Net Operating Income: $175,500
  • Gross Operating Income: $234,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1293 W 36th St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Private
Property Information
  • Total # of Units: 4
  • Parcel Number: 5040006017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1293 W. 36th Street | Los Angeles, CA 90007
View more facts & features

Local Los Angeles Agent

Sale History for 1293 W 36th St

View property's historical transactions

  • September, 2024

  • Sep 6, 2024

    Date

    Active

    CRMLS: 24436853

    $1,495,000

    Price

Tax History for 1293 W 36th St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1293 W 36th St is listed 24.58% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $1019.09 per/sqft which puts the price per square foot 32.69% higher than the median price per square foot for the city of Los Angeles.

About 1293 W 36th St

Detailed summary of property

1293 W 36th St is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 13 bedrooms, 12 bathrooms, roughly 1,467 living square feet, and sits on an approximately 5,302 square foot lot. 1293 W 36th St was first listed on ArdentRealEstateGroup.com on September 6, 2024. The homeowner is currently asking $1,495,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 24.58% higher than the median priced home. Local competing homes currently for sale include 1520 W 37th St, 1459 W 29Th St and 1475 W 28th St. While the average home in Los Angeles, CA is selling in 106 days, 1293 W 36th St has a days on market of 13 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1293 W 36th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1293 W 36th St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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