We are pleased to offer the opportunity to acquire this four (4) unit, 16-bedroom, value-add student housing apartment complex, located in the highly desirable DPS Patrol Zone, less than 1 block to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation built in 1960 with a square footage of 4,923 on a 5,981-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of (4) 4-bedroom + 2-bathroom units. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, five (5) on-site parking spaces, and individually metered for gas and electricity. Three of the four units will be delivered vacant upon the close of escrow an excellent value-add opportunity to remodel and update the units to achieve top market rents.Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The expansive lot size allows an investor to add even more value to the property by constructing an ADU to further increase cash-flow (about $5,500/month), generating an even higher yield/ net income. (Buyer to verify)
Property Details
Property Features
Property Information:
Year Built: 1960
Stories: 2
Living Area: 4,923 SqFt
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Davis Saadian
Interior Features
Interior Information:
Appliances: Refrigerator, Dryer, Washer
Bedroom and Bathroom Information:
Total Bedroom Count: 16
Exterior Features
Parking Information:
Parking: Private
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Other
Directions Information:
Directions: 1189 W. 36th Place | Los Angeles, CA 90007
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Price Per SqFt: $559/SqFt
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.7M more than the Median Sold Price and $81/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24473609
Listing Office:
Office Name: KW Advisors
Office Phone: (310) 482-2200
Listing Agent: Davis Saadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Lenicia B. Weemes Elementary
1260 W 36th Pl
Distance between this listing and this school0.20 miles
Public District Grades PK-5
3
/10
John W. Mack Elementary
3020 S Catalina St
Distance between this listing and this school0.30 miles
Public District Grades KG-5
3
/10
STEM Preparatory Elementary School
1374 W 35th St
Distance between this listing and this school0.34 miles
Public Charter Grades KG-5
Nearby Schools
3
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school1.10 miles
Public District Grades 6-8
4
/10
Camino Nuevo Elementary #3
1723 Cordova St
Distance between this listing and this school1.17 miles
Public Charter Grades KG-8
3
/10
Kipp Scholar Academy
1729 W Martin Luther King Jr Blvd
Distance between this listing and this school1.19 miles
Public Charter Grades 5-8
Nearby Schools
8
/10
Ednovate - Usc Hybrid High College Preparatory
3939 S Vermont Ave
Distance between this listing and this school0.61 miles
Public Charter Grades 9-12
8
/10
Thirty-Second Street Usc Performing Arts
822 W 32nd St
Distance between this listing and this school0.68 miles
Public District Grades KG-12
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.76 miles
The neighbors living near this home have an average income of $17,356. The majority of Los Angeles, CA residents have income less than $35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1189 W 36th Pl
What is the listing price of this property?
The listing price of 1189 W 36th Pl property is $2,750,000.
What type of property is this?
The property 1189 W 36th Pl is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1189 W 36th Pl is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 1189 W 36th Pl has 16 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 1189 W 36th Pl is 4,923 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1189 W 36th Pl is 1960.
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This home is located at 1189 W 36th Pl in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 4,923 square foot home, which was built in 1960, sits on a 0.14 acre lot. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $2,750,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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