$10,000 Closing Credit¹
Michael R. Fukushima, Listing Office: Keller Williams Realty Downey
#24473609·
Listing Office: KW Advisors·
Listing Agent: Davis Saadian·
Listing Office Phone: 310-482-2200
1189 W 36th Pl Los Angeles, CA 90007
$2,750,000 List price
16 beds
8 baths
4,923 sqft
0.1 acres
$559 / sqft
House
Property details
About 1189 W 36th Pl
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)
Highlights
Home typeOther
StatusActive
Size4,923 sqft
Lot size0.1374 Acres
Year built1960
ParkingPrivate
MLS #24473609
Summary
- MLS Number: 24473609
- MLS Name: CRMLS
- 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: 1/30/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,750,000
1189 W 36th Pl
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
4
Lenicia B. Weemes Elementary
Public District PK-5
0.2 mi
•1260 W 36th Pl
3
John W. Mack Elementary
Public District KG-5
0.3 mi
•3020 S Catalina St
3
STEM Preparatory Elementary School
Public Charter KG-5
0.3 mi
•1374 W 35th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
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 most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
77%
<35k
21%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
23%
Single, with Kids
7%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
46%
18-34 yrs old
25%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
New - 7 days on Rocket
Michael R. Fukushima, Listing Office: Keller Williams Realty Downey
$10,000 Closing Credit¹
Bo Hyeok Kim, Listing Office: Coldwell Banker Realty
$10,000 Closing Credit¹
Amalia Ochoa, Listing Office: The Proud Crowd Inc.
Davis Saadian, Listing Office: KW Advisors
Davis Saadian, Listing Office: KW Advisors
Davis Saadian, Listing Office: KW Advisors
Michael R. Fukushima, Listing Office: Keller Williams Realty Downey
$10,000 Closing Credit¹
Adam Shamooelian, Listing Office: Keller Williams Beverly Hills
Davis Saadian, Listing Office: KW Advisors
Frequently asked questions
About 1189 W 36th Pl
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.
In December 2024, from all listings sold in Los Angeles, CA there were more than 524 sold above asking price, over 740 sold below and more than 203 were sold right at the asked price. The number of listings in Los Angeles, CA decreased by 5.3% between November and December 2024. While the average time on the market in December 2024 was 41 days, the median list price was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.