1189 W 36th Place
Los Angeles, CA, 90007
$2,750,000
Beds
0 Baths
SqFt
0.14 Acres
Add
We are pleased to offer the opportunity to acquire this four (4) unit, 16-bedroom, value-add student housing apartment complex, located in the highly desirable DPS Patrol Zone, less than 1 block to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation built in 1960 with a square footage of 4,923 on a 5,981-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of (4) 4-bedroom + 2-bathroom units. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, five (5) on-site parking spaces, and individually metered for gas and electricity. Three of the four units will be delivered vacant upon the close of escrow an excellent value-add opportunity to remodel and update the units to achieve top market rents.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 expansive lot size allows an investor to add even more value to the property by constructing an ADU to further increase cash-flow (about $5,500/month), generating an even higher yield/ net income. (Buyer to verify)

Property Details

Price:
$2,750,000
MLS #:
24473609
Status:
Active
Baths:
0
Address:
1189 W 36th Place
Type:
Residential Income
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Dec 19, 2024
State:
CA
ZIP:
90007
Lot Size:
5,983 sqft / 0.14 acres (approx)
Year Built:
1960
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Appliances
Refrigerator

Exterior

Parking Features
Private
Parking Spots
5.00
Stories Total
2

Financial

Map

Community

Similar Listings Nearby

1189 W 36th Place
Los Angeles, CA