1506 W 36th Street, Los Angeles, CA 90018
Los Angeles County
Key Facts
Description
15% Price Reduction! The offering consists of a Spanish-style 4-unit building fronting 36th Street paired with a separate 3BR/2BA single-family residence at the rear of the lot. The 1-bedroom apartment units are spacious, averaging over 1,000 SF each, and the two upstairs 1-bedroom units have floor plans that easily convert to two-bedroom units. One upstairs unit is currently vacant and recently underwent extensive renovations (including new flooring, sub flooring, and a renovated kitchen and bathroom), providing immediate ability to lease at market rent without tenant relocation. Located a few blocks from USC and the LA Memorial Coliseum, site of the 2028 Olympic Games, the property offers a compelling student-housing repositioning strategy along with substantial mark-to-market rent upside on the apartment units (currently approximately 40% below market). The 3-space carport at the rear of the lot also presents potential ADU conversion opportunities for additional units and income (buyer to verify). Each unit also has its own dedicated storage space within the carport area, and the units are separately metered for gas and electricity. The upstairs 1 bedroom units also have washer-dryer hookups.
Property Information
Property Type
Residential Income
Year Built
1929
Stories
2
Living Area
5,118 sq ft
Lot Size
0.16 acres
Parking Spaces
5
Zoning
LAR2
Days on Market
30
MLS® Listing#
26838933
Property Features
Cooling
Heating
Parking
Financial Details
HOA
None
Parcel Number
5041017021
Directions
google maps
Affordability Calculator
$195,800
Estimated monthly payment
$5,211/mo
Principal $783,200 · Est. interest $1,092,634 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Los Angeles, CA
- $1,000,000
- Median Listing Price
- 89
- Median Days on Market
- 2,140
- Median Sq Ft
- $594
- Median Price / Sq Ft
- 6,143
- Active Listings
- This home’s price is 2% below the area median.
- Its price per sq ft is 68% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Los Angeles, CA.
Location
Points of Interest in Los Angeles, CA
Showing the Los Angeles area map.
Nearby Schools
Stem Prep Elementary
Elementary · 0.2 mi away
James A Foshay Learning Center
School · 0.3 mi away
Lenicia B. Weemes Elementary
Elementary · 0.4 mi away
Birdielee V. Bright Elementary School
Elementary · 0.4 mi away
36th Street Early Education Center
School · 0.5 mi away
Thirty Seventh Street Early Education Center
School · 0.5 mi away
John W Mack Elementary
Elementary · 0.6 mi away
Holy Name of Jesus School
School · 0.7 mi away
Spirit Child Development Center
School · 0.7 mi away
Sunny West Child Development Center
School · 0.7 mi away
Public Policy Charter School
Secondary · 0.8 mi away
Martin Luther King Junior Elementary
Elementary · 0.8 mi away
Vermont Avenue Elementary School
Elementary · 0.8 mi away
Creative Learning Academy
School · 0.9 mi away
USC Hybrid High
Secondary · 0.9 mi away
USC Hybrid High College Prep
Secondary School · 0.9 mi away
St Agnes School
School · 0.9 mi away
Twenty-Fourth Street Elementary
Elementary · 0.9 mi away
Crown Preparatory Academy
School · 0.9 mi away
24th Street Early Education Center
School · 1.0 mi away
Commute Calculator
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| 943 W 65th, Los Angeles, CA | $770,000 | 7 | 3 | 3,260 |
Moving Cost Estimate
EXIT Agents in Los Angeles
Listing Courtesy: Kidder Mathews of California, Inc. - 3103121800
Presented by: Darin Spillman
Licensed in the state of California.