1506 W 36th Street, Los Angeles, CA 90018
List Price: $1.15M
Listing Status: Active
0Days on Market: 8
8 Bedrooms · 6 Bathrooms · 5,118 sq ft
Property Type: ResidentialIncome
Year Built: 1929
Lot Size: 6,799 sq ft
MLS Number: 26838933
About This Property
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.
Listing provided by: Darin Spillman DRE #01366902 310-312-1800 darin.spillman@kidder.com, Kidder Mathews of California, Inc.
Source: CRMLS, MLS #: 26838933
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.