Sold 5/8/17

1201 W 36th Pl
Los Angeles, CA 90007

Bd   Ba   5,703 Sqft   217 Days
The offering is a just-completed development by one of the premier student housing developers and operators of USC student housing. It offers four units: two new constructions that each offer three bedrooms and three baths, and two renovated units, which include a four-bedroom/four-bath and a two-bedroom/two-bath unit. The renovated units feature top-of-the line amenities for tenants. All bedrooms have attached bathrooms, which is an especially attractive feature to student tenants. All units have a common area, a shared kitchen and in-unit laundry. The units are separately metered and tenants are responsible for paying for all utility expenses. Additionally, each unit has its own HVAC and there are seven total parking spaces on the property. The property is professionally managed and fully leased for the 2016-2017 academic year on 12-month leases. With these leases in place and its excellent condition, 1201 West 36th Place is an oustanding turnkey investment opportunity. Additionally, the Seller is willing to continue managing the property, which could make this a franchise-like acquisition. The property is less than a quarter-mile from USC within the CSC and DPS patrol areas. It is also less than a half-mile from the brand new $700MM mixed-use University Village Project due to be completed in Fall 2017.
  • MLS#PW16716333 provided by Steven Bogoyevac of Steven M. Bogoyevac, Broker
  • Movoto last checked CRMLS for new data 4 hours ago
  • CRMLS last updated this listing 5 months ago

Home Features for 1201 W 36th Place, Los Angeles

Year Built: 1907
Lot Size Square Feet: 7482
Lot Size Units: Square Feet
Price Per Square Foot: 359.46
Tax Lot: 9
Tax Tract Number: 17
New Taxes Expense: 25973
Parcel Number: 5040017009
Tax Census Tract: 2226
Special Listing Conditions: Standard
Standard Status: Closed
Exterior
Common Walls: No Common Walls
Building Area Units: Square Feet
Average 2nd Bedroom Area Units: Square Feet
Average Studio Area Units: Square Feet
Number Of Buildings: 2
Average 3rd Bedroom Area Units: Square Feet
Average 1st Bedroom Area Units: Square Feet
Building Area Total: 5703
Uncovered Spaces: 7
Parking Total: 7
Number Of Units Total: 4
Amenities / Utilities
Community Features: Urban
Pool Features: None
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Property History for 1201 W 36th Place, Los Angeles

Status
Date
Price
Sold
May 8, 2017
$2,050,000
Pending
Feb 6, 2017
Price Change
Oct 4, 2016
$2,099,000
Listed
Oct 3, 2016
$2,150,000
#PW16716333

Real Estate Market Statistics for 1201 W 36th Place, Los Angeles

No data!
Congress North
Los Angeles
90007
1201 W 36th Place
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$2.1M

1201 W 36th Place

$602K

Congress North

-3% y/y

Congress North

$650K

90007

-7% y/y

90007

$995K

Los Angeles

0% y/y

Los Angeles

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Refinance Rates for 1201 W 36th Place, Los Angeles

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Public Record for 1201 W 36th Place, Los Angeles

5 Beds
3 Baths
2,454 Sqft Building Area
Quadruplex (4 units, any combination)
7,482 Sqft Lot Size
1907 Year Built
$560,005 Last Sale Price
04/01/2013 Last Sale Date
As of today, there are 7 properties listed for sale in ZIP code 90007 and 2,040 properties listed for sale in the city of Los Angeles, CA. This property at 1201 W 36th Pl in 90007 was last listed for $2,050,000. This is 106% above the current $995,000 median price for Los Angeles and 215% above the median of $650,000 for 90007. Of the 2,040 properties for sale in Los Angeles, 1,433 are single family homes and 607 are condos. 1201 W 36th Pl is a multi family home that is approximately 5,703 Sqft, 231% above the Los Angeles median of 1,721 and 255% above the 90007 ZIP code median of 1,607. The price per Sqft was $359 which is 11% below the current median price in 90007 of $405 and 41% below the Los Angeles median of $612 per square foot.
Built in 1907, this multi family house at 1201 W 36th Pl, Los Angeles CA, 90007 is approximately 5,703 square feet and comes with 7 parking spots. It was last listed $2,050,000 with a cost per Sqft of $359. 1201 W 36th Pl is located in the Congress North neighborhood in the Los Angeles Unified School District. The closest school is Lenicia B. Weemes Elementary School.

1201 W 36th Pl, Los Angeles CA, 90007 was on the market for 217 days. The median days on the market for properties in this area is 39 with a median list price of $995,000 and median cost per square foot of $612. Its current status is sold under the MLS #PW16716333.

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