1506 W 36th ST, Los Angeles, CA 90018
1506 W 36th ST, Los Angeles, CA 90018
1506 W 36th ST, Los Angeles, CA 90018
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$979,000
Est. payment /mo
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8 Beds
6 Baths
5,118 SqFt
Price Dropped by $171K

1506 W 36th ST Los Angeles, CA 90018

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The Brandon Drew Group

The Brandon Drew Group

+1(909) 944-8800

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,118 sqft

Price per Sqft $191

MLS Listing ID 26838933

Bedrooms 8

HOA Y/N No

Year Built 1929

Lot Size 6,799 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Carport, Uncovered

Total Parking Spaces 5

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5041017021

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Darin Spillman Kidder Mathews of California, Inc. #01366902

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1506 W 36th ST