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.
Property Details
Price:
$1,150,000
MLS #:
26838933
Status:
Active
Beds:
8
Baths:
6
Type:
Single Family
Neighborhood:
c34losangelessouthwest
Listed Date:
May 26, 2026
Finished Sq Ft:
5,118
Total Sq Ft:
5,118
Lot Size:
6,799 sqft / 0.16 acres (approx)
Year Built:
1929
See this Listing
Schools
Interior
Cooling
NO
Heating
WL
Levels
A
Exterior
Parking Spots
5
Parking Total
5
Financial
Map
Community
- Address1506 W 36th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 30, 2026
7,295
Single Family Listed
84
Avg DOM
431
Avg $ / SqFt
$1,670,317
Avg List Price
Property Summary
- 1506 W 36th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90018. It is listed for $1,150,000 and features 8 beds, 6 baths, and has approximately 5,118 square feet of living space, and was originally constructed in 1929. The current price per square foot is $225. The average price per square foot for Single Family listings in Los Angeles is $431. The average listing price for Single Family in Los Angeles is $1,670,317.
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