Property listed by Coldwell Banker Realty, Elanit Ellie Kohansedgh 310-777-6200
$1,500,000
13 E. 36th Street presents an attractive multi-family investment opportunity located in a rapidly improving area near the University of Southern California. The property comprises of five (5) residential units, offering a manageable unit count with strong income potential. Per title records, the property reflects 6 bedrooms and 5 bathrooms.… Read More However, several units have been reconfigured with additional, unpermitted bedrooms, resulting in a current functional layout of approximately 10 bedrooms and 5 bathrooms. Select units have been renovated over time as they became vacant, with interior improvements varying by unit, allowing for both in-place income and future value-add potential. The property is well situated in an up-and-coming neighborhood, within close proximity to shopping, dining, and public transportation, and just minutes from USC, making it highly appealing to the local rental market. Ongoing neighborhood development and infrastructure improvements further support long-term appreciation. This asset is ideal for investors seeking a value-add multifamily opportunity with upside through continued renovations, rent growth, and operational efficiencies in a high-demand rental corridor. Buyer is advised to conduct their own independent due diligence regarding unit count, bedroom configuration, permits, zoning, square footage, income, and all other matters of material importance. Agents and sellers make no representations or warranties, express or implied, as to the accuracy or completeness of the information provided. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
6
Square Ft.
2,577
Lot Size
0.11 Acres
Year Built
1921
MLS Number
26644551
Additional Details
Building
Built in 1921, Living area: 2577.0, 2 buildings, Levels: One
Heating
WallFurnace
Income
Gross Income: $134,553, Net Operating Income: $75,294
Interior Features
CeilingFans
Lot
0.1063 acres
Parking
None
Taxes
Parcel Number: 5120014034, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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