We pleased to present the opportunity to acquire 1293 W. 36th Street, an incredible redevelopment opportunity with RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The existing property currently consists of a total of five (5) bedrooms & four (4) bathrooms. The RTI plans have been approved to convert the existing Single Family Residence to a spacious Duplex, consisting of a 4-bedroom + 3-bathroom unit & a 1-bedroom +1-bathroom unit. The plans are also approved to construct two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms. Fully constructed, there will be a total of 4 units, 13-bedrooms + 12-bathrooms. Current income is $5,900/month Finalized constructed units will have a scheduled income of approximately $20,000/month.The property features hardwood floors, stainless steel kitchen appliances, quartz counter tops,On-site laundry, and the tenants pay all utility expenses. 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.
Property Details
Property Features
Property Information:
Year Built: 1903
Stories: 1
Living Area: 1,467 SqFt
Listing Office:
Office Name: Carolwood Estates
Office Phone: (310) 623-3600
Listing Agent: Davis Saadian
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Refrigerator
Flooring Type: Wood
Bedroom and Bathroom Information:
Total Bedroom Count: 5
Exterior Features
Exterior Information:
View: City Lights
Parking Information:
Parking: Assigned
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Foshay Learning Center, Public District Grades KG-12
Manual Arts Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Studio, Public District Grades 6-8
John W. Mack Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: 1293 W. 36th Street | Los Angeles 90007
Price Information
Listing Price Info
Price Summary:
List Price: $1,795,000
Price Per SqFt: $1,224/SqFt
Tax Information:
Annual Amount: $3,363
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $799K more than the Median Sold Price and $588/SqFt more 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: #24394639
Listing Office:
Office Name: Carolwood Estates
Office Phone: (310) 623-3600
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: 6/3/2024, 11:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 03, 2005
Feb 03, 2005Home Sold
$325,000
May 13, 1993
May 13, 1993Home Sold
$117,000
Jul 26, 1990
Jul 26, 1990Home Sold
$114,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,363
$261,652
2020
$3,267
$258,970
2019
$3,180
$253,893
2018
$3,115
$248,915
2017
$3,115
$244,035
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,026
Per Month
Principal & Interest
$8,959
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,448
Powered By
Advertisement
NMLS#3030
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.
Elementary School
3
/10
John W. Mack Elementary School
3020 S Catalina St
Distance between this listing and this school0.33 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.05 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.35 miles
Public Magnet Grades KG-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.62 miles
Public District Grades 6-8
High School
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.59 miles
Public District Grades KG-12
3
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school1.02 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.99 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
John W. Mack Elementary School
3020 S Catalina St
Distance between this listing and this school0.33 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.05 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school21.35 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.62 miles
Public District Grades 6-8
Nearby Schools
6
/10
Kipp Scholar Academy
1729 West Mlk Jr. Blvd
Distance between this listing and this school1.11 miles
Public Charter Grades 5-8
3
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school1.30 miles
Public District Grades 6-8
Assigned Schools
6
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.59 miles
Public District Grades KG-12
3
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school1.02 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.99 miles
The neighbors living near this home have an average income of $41,625. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1293 W 36th St
What is the listing price of this property?
The listing price of 1293 W 36th St property is $1,795,000.
What type of property is this?
The property 1293 W 36th St is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1293 W 36th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1293 W 36th St are: John W. Mack Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Foshay Learning Center: GreatSchools Rating 6/10Manual Arts Senior High School: GreatSchools Rating 3/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,363 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 3, 2005 for $325,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1293 W 36th St has 5 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 1293 W 36th St is 1,467 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1293 W 36th St is 1903.
This home is located at 1293 W 36th St in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 1,467 square foot home, which was built in 1903, sits on a 0.12 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $1,795,000.
In May 2024 more than 766 listings in Los Angeles, CA were sold above the asking price. During the same period more than 198 listings were sold at asking price, while more than 625 were sold below. The number of homes for sale in Los Angeles, CA increased by 15.4% between April 2024 and May 2024. Listings spent 33 days on the market in May 2024, and had a median list price of $995,939 during the same period.
From Rocket Homes Real Estate and based on county public records data.