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$1,050,000
Est. payment /mo
6 Beds
4 Baths
1,985 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,985 sqft
Price per Sqft $528
MLS Listing ID 26107132
Bedrooms 6
HOA Y/N No
Year Built 1931
Lot Size 5,192 Sqft
Property Description
We are pleased to present 1283 W. 36th Street, a fully occupied, 2-unit student housing investment just two blocks from the University of Southern California and within the USC DPS Patrol Zone. Offering an in-place 7.0% cap rate and $7,495 in scheduled monthly income, this property combines immediate income with compelling potential for future growth. The property features a 5-bedroom + 3-bathroom front residence leased for $5,700 per month and a private rear 1-bedroom +1-bathroom unit leased for $1,795 per month. The front home's kitchen is currently undergoing a complete remodel, bringing a fresh, modern finish to the property. Together, the units provide approximately 1,985 rentable square feet on a 5,192-square-foot lot. Tenants pay for water, trash, gas, and electricity, helping reduce owner operating expenses. Adding to the upside, a large, separate parking structure at the rear of the property offers the potential to be converted into an ADU, creating an opportunity to increase rental income and cash flow. Any conversion would be subject to city approvals and buyer verification. With both units occupied, a prime location near campus, and the potential to add future income, 1283 W. 36th Street offers investors an opportunity to acquire a well-positioned asset in the heart of the USC rental market.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Fireplace No
Appliance Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features Gated, Private
Total Parking Spaces 4
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5040006015
Special Listing Condition Standard
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Listed by Davis Saadian EstateX inc. #01921748
Nearby School & Business
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