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listing
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Residential IncomeFor Sale
$1,795,000
1293 W 36th Street
Los Angeles, CA 90007
Listed by Davis Saadian DRE#01921748 davis@saadiangroup.com Carolwood Estates
MLS: California Regional MLS (CRMLS)
5Beds
4Baths
1,467Sq Ft
Est. Mortgage
$9,365/mo

We pleased to present the opportunity to acquire 1293 W. 36th Street, an incredible redevelopment opportunity with RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The existing property currently consists of a total of five (5) bedrooms & four (4) bathrooms. The RTI plans have been approved to convert the existing Single Family Residence to a spacious Duplex, consisting of a 4-bedroom + 3-bathroom unit & a 1-bedroom +1-bathroom unit. The plans are also approved to construct two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms. Fully constructed, there will be a total of 4 units, 13-bedrooms + 12-bathrooms. Current income is $5,900/month Finalized constructed units will have a scheduled income of approximately $20,000/month.The property features hardwood floors, stainless steel kitchen appliances, quartz counter tops,On-site laundry, and the tenants pay all utility expenses. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.

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Information courtesy of Carolwood Estates is subject to verification and is not guaranteed.
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