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.
  • $0 HOA
  • $359/Sqft
  • MLS#PW16716333 provided by Steven Bogoyevac of Steven M. Bogoyevac, Broker
  • Movoto last checked CRMLS for new data 10 hours ago
  • CRMLS last updated this listing 3 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
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About Selling

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

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

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

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1201 W 36th Place

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List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$2.1M

1201 W 36th Place

$649K

90007

-23% y/y

90007

$988K

Los Angeles

-1% y/y

Los Angeles

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1201 W 36th Pl is a multi family home located in 90007 in Los Angeles, CA. It was last listed for $2,050,000, which is 215% above the current market median of $649,995 in 90007 and 107% above the market median of $988,000 in Los Angeles. 1201 W 36th Pl is approximately 5,703 square feet, which is 235% above the median size in Los Angeles of 1,702 square feet and 275% above the median size in 90007 of 1,520 Sqft. This property's price per Sqft was $359, which is 16% below the current median in 90007 of $427 and 41% below the Los Angeles median of $607. As of today, , there are 5 properties listed for sale in ZIP code 90007 and 2,070 properties listed for sale in the city of Los Angeles. Of those 2,070 properties, there are 1,447 single family houses and 623 condos.
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 40 with a median list price of $988,000 and median cost per square foot of $607. Its current status is sold under the MLS #PW16716333.

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