x
Address
1196 W 36th Street Los Angeles, CA
Price
$ 1,800,000
Property Attributes
  • MLS#PW19140944
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90007
  • Style
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1840
  • Lot Size5,449 SqFt
Listing Provided Courtesy Of:
Daniel Lewin with Marcus & Millichap.
Property Description

Brand-new student housing asset located at 1196 West 36th Street in the coveted 90007 zip code of Los Angeles, CA. Fully renovated 5-bedroom/5-bathroom house and a brand-new construction Accessory Dwelling Unit (ADU) with 3-bedrooms/3-bathrooms. All bedrooms have a private master bathroom to perfectly cater to the needs of student tenants. Notably for the landlord, the units are all separately metered for all utilities - gas, electricity and water - leading to significantly reduced operating expenses. The property is fully pre-leased for the 2019-2020 academic year (commence in August) at top of market rents. One block from USC in both the CSC and DPS patrol areas, the property is in a highly desirable student housing location. In addition to the demand from students, the property is located in one of the most dynamic submarkets in the city conveniently located within walking distance of the LA Metro Expo Light-Rail Line. Walking distance to Expo Park - home to the LA Coliseum, the brand-new LAFC Stadium, the $1-Billion George Lucas Museum. Additionally, the Park and USC will be home to the opening ceremonies and many events throughout the 2028 Los Angeles Olympic. Adjacent property to the rear, 1201 W 36th Pl, is also for sale by a separate owner. Built by the same developer as the subject property in 2017 the property is similar in architecture and layout. Easily combined to create a street-to-street assemblage of six units in total allowing commercial financing.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/14/2019 Listed $1,800,000

General Features

Attached Structure Detached
Co-Listing Agent Last Name Daniel
Co-Listing Agent Last Name Lewin
Co-Listing Agent State License # 01932742
Co-listing Agent Daniel Lewin - BRE#01932742
Community Features Urban
Directions Near the intersection of W 36th St and S Catalina St
Listagentaor Pacific West
Listing Agent Daniel Lewin - BRE#01932742
Listing Agent State License 01932742
MLS Area C34 - Los Angeles Southwest
Price Per Square Foot 978.26
Source System CRMLS
Total Units 2
Zoning LARD1.5

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Dryer Included, Washer Included
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Special Listing Conditions Standard
Building Area Total 1840.00
Garage Spaces 0.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1251
Lot Size Area 5449.0000
Lot Size Source Assessor
Lot Size Square Feet 5449.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 2
Number of Separate Gas Meters 2
Number of Separate Water Meters 2
Pool Features None
Sewer Public Sewer
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90007

Price
AVG $1.65M
$1.8M
Visits
AVG 16
8
Year Built
AVG 1932
1905
Walkscore
AVG 80
79
Data Provided by Walkscore ® not using MLS data

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