1201 W 36th Pl
Los Angeles, CA 90007

Bd   — Ba   5,703 Sqft
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.
  • Neighborhood: Congress North
  • Days on Movoto: 217
  • Year Built: 1907
  • HOA: $0 HOA
  • $/Sqft: $359
  • Lot: 7,482 Sqft
  • Property Type: Multi Family
  • MLS#: PW16716333
  • MLS:
  • Listing Office: Steven M. Bogoyevac, Broker
  • Listed By: Steven Bogoyevac
  • Movoto last checked CRMLS for new data 7 hours ago
  • CRMLS last updated this listing 1 month ago

Home Features for 1201 W 36th Place, Los Angeles

Overview
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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

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
1201 W 36th Pl in ZIP code 90007 is a multi family home that was last listed for $2,050,000. This is 119% above the current median of $934,500 for 90007 and 116% above the current median price of $950,000 for the city of Los Angeles, CA. As of today, , there are 4 properties listed for sale in the 90007 area and 2,197 properties listed for sale in Los Angeles. Of those 2,197 properties for sale, 1,527 are single family homes and 670 are condos. 1201 W 36th Pl is approximately 5,703 Sqft, 240% above the Los Angeles median of 1,678 and 161% above the 90007 ZIP code median of 2,188. The price per Sqft was $359 which is 16% below the current median price in 90007 of $427 and 41% below the Los Angeles median of $607 per Sqft.
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 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 41 with a median list price of $950,000 and median cost per square foot of $607. Its current status is sold under the MLS #PW16716333.

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