1293 36th, Los Angeles, CA 90007

Description

We are pleased to present 1293 W. 36th Street, a fully remodeled student housing property just two blocks from the University of Southern California and within the USC Department of Public Safety (DPS) Patrol Zone. The home has maintained 100% occupancy for the past 15 years and is fully leased to USC students for the 20262027 academic year. Current gross rent is $5,900 per month, or $70,800 annualized.Fully remodeled throughout, the home consists of five (5) large private bedrooms with four (4) updated bathrooms, giving students their own space and making shared living more comfortable. The spacious interior features vinyl plank flooring, a remodeled kitchen, and on-site laundry. For the next owner, the appeal starts with the home as it stands today. Parental guarantees back the leases, tenants pay all water, trash, gas, and electricity costs, and the remodeled residence is already producing income in one of the closest residential pockets to USC. Beyond the income already in place, approved, ready-to-issue plans give the buyer the option to expand to 13 bedrooms and 12 bathrooms across four units. The plans call for converting the residence into a duplex with a 4-bedroom + 3-bathroom unit and a 1-bedroom + 1-bathroom unit, plus adding two detached ADUs, each with four bedrooms and four bathrooms. At full buildout, projected gross rent reaches approximately $20,000 per month, or $240,000 annually, more than three times the current rent roll.

Features

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• 0.12 Acres
• 1 Story