1283 W 36th Street, Los Angeles, CA 90007

Description

We are pleased to present 1283 W. 36th Street, a fully occupied, 2-unit student housing investment just two blocks from the University of Southern California and within the USC DPS Patrol Zone. Offering an in-place 7.0% cap rate and $7,495 in scheduled monthly income, this property combines immediate income with compelling potential for future growth. The property features a 5-bedroom + 3-bathroom front residence leased for $5,700 per month and a private rear 1-bedroom +1-bathroom unit leased for $1,795 per month. The front home's kitchen is currently undergoing a complete remodel, bringing a fresh, modern finish to the property. Together, the units provide approximately 1,985 rentable square feet on a 5,192-square-foot lot. Tenants pay for water, trash, gas, and electricity, helping reduce owner operating expenses. Adding to the upside, a large, separate parking structure at the rear of the property offers the potential to be converted into an ADU, creating an opportunity to increase rental income and cash flow. Any conversion would be subject to city approvals and buyer verification. With both units occupied, a prime location near campus, and the potential to add future income, 1283 W. 36th Street offers investors an opportunity to acquire a well-positioned asset in the heart of the USC rental market.