1506 W 36th Street,Los Angeles, CA 90018
Los Angeles, CA 90018
Description
15% Price Reduction! 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.
Details
| MLS # | 26838933 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 90 |
| Listing Provided By | Kidder Mathews of California, Inc. | Darin Spillman |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 5,118 |
| Car Port | Yes |
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LAR2 |
| Acreage | 0.16 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Parking
| Parking Features | Carport, Uncovered |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90018) | |
Price: $979,000 low | high Med: $1,299,000 sqft: 5,118 low | high Med: 3,340 $ / sqft: $191 low | high Med: $389 On site: 90 low | high Med: 105 | |
Market Activity 90018
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90018) | |
Price: $979,000 low | high Med: $1,299,000 sqft: 5,118 low | high Med: 3,340 $ / sqft: $191 low | high Med: $389 On site: 90 low | high Med: 105 | |
 | $1,295,0001419 W 36th StreetLos Angeles, CA 90018 |
 | $1,025,0001452 W 35th StreetLos Angeles, CA 90018 |