36th Street University Apartments

1159 W 36th St , Los Angeles, CA 90007

  • For Sale $3,100,000
  • Property Type Multi-Family
  • Property Size 7,148 SF
  • Units 9
  • Lot Size 0.21 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 9
  • Property Tenancy Multi-Tenant
  • Year Built 1964
  • Year Renovated 2020
  • Date Updated Aug 13, 2024
The subject property is located just southwest of Downtown Los Angeles and is half a block to USC Campus. The immediate area offers numerous. Smart & Final and the United States Postal Service is just a few buildings away from the subject property.SVN is pleased to present an opportunity to acquire 36th Street University Apartments located half a block away from USC West Campus, southwest of Downtown Los Angeles. First time on the market in over 20 years, the property consists of 9 units comprised of ALL 2 bedroom/1 bath units with an average size of ~800SF/unit and is situated on an R3 zoned lot in excess of 9,000 SF. The structure is a 2-story walkup, wood-frame stucco construction built in 1964 and includes a total of 9 parking spaces (1 space per unit). Seller had recently completed the city mandated seismic soft-story parking work and recently renovated unit 1 which will be delivered vacant at close of escrow. Utilities are separately metered for gas and electric, master metered for water. Roof and plumbing are in average condition. The property features an on-site laundry room with 1 washer and 1 dryer owned by Seller. Most units have some form of upgrades (ie. laminate floors, new windows, updated cabinets, bathroom vanity). This investment offers an ideal value-add opportunity with approximately 35% upside in rent growth and a potential student housing conversion given the proximity to USC and nearby retail shops and restaurants. **PLEASE DO NOT DISTURB TENANTS - DRIVE BY ONLY.

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Highlights

  • Located Less Than 1 Block West of USC Campus | Ideal Student Housing Conversion!
  • 37% Rental Upside | Value-Add Opportunity with Several Low Paying Tenants
  • Seismic Softstory Retrofitting Completed Recently | $120,000
  • Owner Invested $20,000 Renovating Unit 1 - Will Be Delivered Vacant at COE
  • Favorable Unit Mix of ALL 2 Bedroom Units
  • Walking Distance (Few Blocks) To USC Village | University Park Adjacent
  • Located Immediately Next to Smart & Final, United States Postal Service, and Trader Joe's/Target
  • First Time On The Market In Over 20 Years!
  • Separately Metered For Both Gas & Electric
  • Seller Owned Laundry - Washer & Dryer
  • Located Walking Distance to USC West Campus & Within USC Patrol Zone
  • Development Potential | R3 Zoning Located in a TOC Tier 3 Zone Qualifies For Density Bonus
  • 81 Walk-score | Very Walkable
  • Several Blocks North of the Expo Metro Line

Contacts

broker

Michael Chang

SVN | Rich Investment Real Estate Partners

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Transit Score ®

    68/100 Good Transit

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Exposition Park
  • Zip Code 90007
  • Market Los Angeles

Points of Interest

  • Expo/Vermont

    0.37 miles

  • Expo/Western

    0.95 miles

  • Grand/LATTC

    1.54 miles

  • San Pedro Street

    2.16 miles

  • Westlake/MacArthur Park

    2.52 miles

  • Martin Luther King Jr.

    2.57 miles

  • Leimert Park

    2.60 miles

  • 7th Street/Metro Center

    2.64 miles

  • Wilshire/Normandie

    2.66 miles

  • 7th Street/Metro Center Station

    2.67 miles

  • Electric Vehicle Charging Station

    0.34 miles

  • Arco

    0.39 miles

  • Adam's Fuel

    0.74 miles

  • Chevron

    0.86 miles

  • Gold Star Gas

    0.89 miles

  • 76

    0.95 miles

  • Shell

    1.50 miles

  • FLO

    5.54 miles

  • Culver City Supercharger

    6.10 miles

  • Volta

    7.50 miles

  • Downey Way Parking Structure

    0.24 miles

  • Jefferson Blvd. Parking Structure

    0.25 miles

  • Lot 2

    0.33 miles

  • Lot SSRI

    0.37 miles

  • Lot M

    0.42 miles

  • North Parking Structure

    0.46 miles

  • USC Parking

    0.47 miles

  • McCarthy Way Parking Structure

    0.68 miles

  • Royal Street Parking Structure

    0.69 miles

  • Resident Parking

    0.70 miles

  • University of Southern California Hotel

    0.76 miles

  • Bethel House

    1.26 miles

  • Hollywood Stay

    1.37 miles

  • Americas Best Value Inn & Suites Los Angeles Downtown SW

    1.37 miles

  • City Motel

    1.73 miles

  • Casa Bella Inn

    1.84 miles

  • Solo Motel

    1.87 miles

  • Moxy

    1.91 miles

  • AC Hotel

    1.93 miles

  • Morrison Hotel

    1.96 miles

  • Cafe Mukbang

    0.10 miles

  • Taco Bell

    0.12 miles

  • Himalayan House

    0.17 miles

  • Food Truck

    0.26 miles

  • Parkside Dining Hall

    0.34 miles

  • Little Galen Center

    0.37 miles

  • Dunia's Pastery

    0.39 miles

  • Lasso My Taco

    0.39 miles

  • Manas Indian Cuisine

    0.45 miles

  • Panda Express

    0.45 miles

  • John Mack Elementary School

    0.18 miles

  • Lenicia B Weemes Elementary School

    0.23 miles

  • University of Southern California

    0.48 miles

  • USC Village

    0.50 miles

  • Vermont Elementary School

    0.52 miles

  • Saint Agnes Elementary School

    0.59 miles

  • Hebrew Union College - California Branch

    0.61 miles

  • 32nd Street School/USC Magnet

    0.62 miles

  • 32nd Street USC Performing Arts Magnet

    0.63 miles

  • Dr. Theodore T. Alexander Science Center School

    0.67 miles

  • HIC Daycare

    0.58 miles

  • Ralph M. Parsons Preschool

    0.87 miles

  • Vernon Adult Day Program

    1.92 miles

  • Morning Star Education Center

    3.24 miles

  • CCDC of Little Angels Schools

    3.42 miles

  • Jim Gilliam Child Care Center

    3.50 miles

  • Bakewell Primary Center

    4.42 miles

  • San Antonio de Padua Academy Preschool

    4.69 miles

  • Play Mountain Place

    4.78 miles

  • Valentina's Preschool

    4.87 miles

Frequently Asked Questions

How much does 36th Street University Apartments cost?

The space currently listed for sale at 36th Street University Apartments asks for $3,100,000.

What is the total square footage of 36th Street University Apartments?

36th Street University Apartments totals 7,148 square feet.

When was this property built?

36th Street University Apartments was built in 1964.

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Contact Listing Broker

broker

Michael Chang

SVN | Rich Investment Real Estate Partners