1196 W 36th Street, Los Angeles, CA 90007
Property · 2 recorded sales since 2017
Sold October 2019
Listing Agent: Daniel Lewin (DRE #01932742) · Listing Office: Marcus & Millichap · Contact: 562-257-1200 · Bought with: Daniel Lewin · Marcus & Millichap · MLS #PW19140944 · Source: CRMLS
About this property
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.
Listing description from the October 2019 sale, as reported to CRMLS.
Sale history
