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.… Read More 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. Read Less
Property listed by Kidder Mathews of California, Inc., Darin Spillman 310-259-7556
Listing Snapshot
Days Online
26
Last Updated
Beds
8
Square Ft.
5,118
Lot Size
0.16 Acres
Year Built
1929
MLS Number
26838933
Additional Details
Building
Built in 1929, Living area: 5118.0, 2 buildings, 2 stories, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $98,101, Net Operating Income: $61,910
Lot
0.1561 acres
Parking
5 total parking spaces, Carport, Uncovered
Taxes
Parcel Number: 5041017021, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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