1196 W 36th Street,  Los Angeles CA, 90007 (Residential Income)

1,840 sqft
Status: Pending
MLS#: PW16716339
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Last Updated: 12/9/2016 8:56 PM
Description for 1196 W 36th Street Los Angeles, CA 90007
This offering is a unique value-add opportunity in a core student housing location west of USC’s campus. The property currently comprises a vacant 1,840-square foot single-family house with three bedrooms and 5,449 square foot lot zoned LARD1.5. Because of zoning and lot size, the property could be developed into three units by-right (buyer to verify with the city, broker makes no warranties). Given the home’s square footage, a new investor could choose to renovate the property to include more bedrooms and bathrooms, thereby increasing the amount of student housing that the property could generate (buyer to verify with the city, broker makes no warranties). The property directly to the rear, 1201 West 36th Place, is also for sale and could increase the development potential of the site. Please contact listing agent for details. The property is located within the CSC and DPS patrol boundaries, less than one-quarter of a mile from the University of Southern California’s main campus and less than one-half of a mile from the new $700MM mixed-use University Village Project being constructed by USC. The Village Project, scheduled to be completed in the fall of 2017, will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks.
Price
$630,000
Los Angeles
1,840 (approx)
PW16716339
Pending
Description
This offering is a unique value-add opportunity in a core student housing location west of USC’s campus. The property currently comprises a vacant 1,840-square foot single-family house with three bedrooms and 5,449 square foot lot zoned LARD1.5. Because of zoning and lot size, the property could be developed into three units by-right (buyer to verify with the city, broker makes no warranties). Given the home’s square footage, a new investor could choose to renovate the property to include more bedrooms and bathrooms, thereby increasing the amount of student housing that the property could generate (buyer to verify with the city, broker makes no warranties). The property directly to the rear, 1201 West 36th Place, is also for sale and could increase the development potential of the site. Please contact listing agent for details. The property is located within the CSC and DPS patrol boundaries, less than one-quarter of a mile from the University of Southern California’s main campus and less than one-half of a mile from the new $700MM mixed-use University Village Project being constructed by USC. The Village Project, scheduled to be completed in the fall of 2017, will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks.
Listing Information
Property Type: Cluster, Other
0.12 Acres 544,900 sq.ft. 1,840 (approx)
$342.39 1905
1 Total
Neighborhood
Room Information
Exterior / Lot Features
None
No Pool
LARD1.5
Urban
Driving Directions
Near the intersection of W 36th St and S Catalina St
Financial Considerations
5040017011
$63,000 Income ,$12,281Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90007 has a population of 3,804,503.

The median household income in Los Angeles, California 90007 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90007 is 34.1 years.

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Courtesy: Steven M. Bogoyevac, Broker Steven Bogoyevac
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Information is deemed reliable but is not guaranteed.

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