145 E 36th Place, Los Angeles, CA 90011

About this property

Incredible 4-unit Investment or Owner-User opportunity cash flowing at an amazing 6.6% Cap Rate and 11.1 GRM from Day 1 just minutes from USC and DTLA! Vacant & Renovated 5 Bed 2 Bath house downstairs plus 3 renovated (1 Bed/1 Bath) units upstairs. Large 6,250 SF Lot with ~10 tandem parking spaces in the back. Additional upside to 7.8% Cap Rate and 9.7 GRM on proforma. All utilities are individually metered for gas & electricity. There are plans to add 2 large Detached ADUs in the back for further upside. Over the past few years, South Los Angeles has experienced consistent expansion due to its reasonable housing prices and convenient location near Downtown LA, Sofi Stadium, USC, Culver City, and South Bay. Rental rates in South LA have surged by almost 25% since 2020. The area's low vacancy rates combined with a landlord-dominant real estate environment and abundant job opportunities nearby indicate that significant long-term growth is on the horizon for South LA.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold July 2023 · listed $1,250,000, on market May 2023 · MLS #23270949 · Source: CRMLS

Listing Agent: Julio Ruiz · Listing Office: Global Platinum Properties, Inc. · Contact: 818-524-0706 · Bought with: Julian Nan · Julian Nan

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