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$1,260,000
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Property Description
Discover an unparalleled investment opportunity at 131 East 36th Place, Los Angeles, CA 90011! This prime multi-unit property, nestled near the prestigious USC Main Campus, is perfect for investors, owner-occupants, and student housing alike. Built in 1983 and meticulously maintained by its owner, this gem offers four spacious units, each with 3 bedrooms and 2 bathrooms. The property features one two-car garage per unit, each with exciting potential for ADU conversions to maximize your investment returns. Currently, all units are fully occupied and generating high rental income, ensuring a steady and lucrative cash flow. At the current price, the actual GRM is 9.7 and the actual cap rate is 7%.
Beyond its proximity to USC's main campus, other nearby amenities include Superior Grocers, Trader Joes, USC, the Coliseum, major freeways, LAFC stadium, Crypto.com Arena, DTLA, and the convention center. Don't miss your chance to own this exceptional property in a highly sought-after location. Please do not disturb the occupants. All sales are subject to interior inspection and only drive-by showings currently allowed. Seller is highly motivated. Submit your offer today and secure a bright future with 131 East 36th Place! All information is approximate.
Full Property Details
Full Property Details for 131 E 36th Pl
General
- Sold For: $1,260,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: MB24128911
- Added to Site: 152 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 8
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: C37 - Metropolitan South
- County: Los Angeles
- Development Name: C37 - Metropolitan South
- Driving Directions: South of Jefferson. East of the 110 freeway.
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 5
Structural Information
- Entry Location: Bottom Floor
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,224
- Year Built: 1983
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.2152
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: 0-1 Unit/Acre, Value In Land
Financial Considerations
- Price Per Sq. Ft.: $298.3
- Price Per Unit: 312500
Listed by Hacienda Properties, JOSE DEL RIO
Sold by Keller Williams Beverly Hills, Husnain Alamdar
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Schools
Schools serving 131 E 36th Pl
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
Maple Primary Center
3601 Maple Ave, Los Angeles, CA 90011 | PK-1 | 0.1 mi | |
3736 Trinity St, Los Angeles, CA 90011 | 2-5 | 0.3 mi | |
3500 S Hill St, Los Angeles, CA 90007 | 6-8 | 0.2 mi | |
1319 E 41st St, Los Angeles, CA 90011 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 E 36th Pl
Date
Details
Price
Change
Source
7/31/2024
Sold
$1,260,000
0.8%
MLS
6/24/2024
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
131 E 36th Place, Los Angeles, CA 90011 (MLS# MB24128911) is a Multi-Family property that was sold at $1,260,000 on July 31, 2024. Want to learn more about 131 E 36th Place? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.