1258 W 36th Street, Los Angeles, California 90007, Los Angeles, 90007 - 3 bed, 1 bath
ACTIVE$1,350,000
1258 W 36th Street, Los Angeles, California 90007
3Beds
1Bath
1,239Sqft
5,543Lot
Price Vs. Estimate
The estimated value ($1,262,988.61) is $87,011.39 (6%) lower than the list price ($1,350,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location (USC Proximity): The property is located just a short walk to the University of Southern California (USC), making it highly desirable for student housing and attracting a strong rental demand.
Top Cons:
Significant Renovation/Redevelopment Required & As-Is Sale: The property is sold 'as-is' and described as a 'value-add, remodel, expand, or explore redevelopment' project, indicating substantial capital and effort will be required to bring it to its full potential. The 'drive-by only' instruction further suggests the current condition is not ideal for immediate occupancy.
Compared to the nearby listings
Price:$1.35M vs avg $860.0K (+$490,000)91%
Size:1,239 sqft vs avg 2,144 sqft36%
Price/sqft:$1.1K vs avg $56191%
More Insights
Built in 1909 (116 years old).
Condition: Built in 1909, this property is over a century old. The listing explicitly states 'Sold as-is' and 'Drive-by only,' with no interior images provided, strongly indicating severe deferred maintenance and a very poor interior condition. The description also highlights it as a 'prime value-add, remodel, expand, or explore redevelopment' opportunity, confirming the need for substantial repairs and rehabilitation. The presence of only one bathroom for three bedrooms signifies significant functional obsolescence. While not explicitly stated as 'unlivable,' the property likely requires extensive work to address major components and bring it to a safe and comfortable standard, aligning with the 'poor' condition criteria.
Year Built
1909
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$1,090
HOA
-
Days on market
-
Sold On
-
MLS number
25602533
Home ConditionPoor
Features
View-
About this home
Location, Location, attention all interested builders, this single-family home located just a short walk to USC (University of Southern California) with a high demand for USC student housing. Walk-to-USC, transit-rich Expo Park corridor! Minutes to USC Village, the Expo/Vermont E-Line, Natural History Museum, California Science Center, LA Memorial Coliseum, BMO Stadium, and DTLA. This single-family is a prime value-add, remodel, expand, or explore redevelopment in a high-demand rental location (buyer to verify zoning and city requirements). Strong area rent demand, and unbeatable amenities make this an ideal investor/builder opportunity. Sold as-is. Drive-by only; submit offers subject to interior inspection. Property to be delivered vacant three (3) days after close of escrow. Please do not disturb occupants.
Condition Rating
Poor
Built in 1909, this property is over a century old. The listing explicitly states 'Sold as-is' and 'Drive-by only,' with no interior images provided, strongly indicating severe deferred maintenance and a very poor interior condition. The description also highlights it as a 'prime value-add, remodel, expand, or explore redevelopment' opportunity, confirming the need for substantial repairs and rehabilitation. The presence of only one bathroom for three bedrooms signifies significant functional obsolescence. While not explicitly stated as 'unlivable,' the property likely requires extensive work to address major components and bring it to a safe and comfortable standard, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Prime Location (USC Proximity): The property is located just a short walk to the University of Southern California (USC), making it highly desirable for student housing and attracting a strong rental demand.
Strong Investor/Builder Opportunity: Explicitly marketed as a 'prime value-add, remodel, expand, or explore redevelopment' opportunity, ideal for investors and builders looking to capitalize on the high-demand area.
High Rental Demand: The area boasts a 'high demand for USC student housing' and 'strong area rent demand,' ensuring potential for robust rental income post-renovation or redevelopment.
Excellent Walkability & Transit Access: Situated in a 'transit-rich Expo Park corridor,' the property offers great walkability to USC and easy access to the Expo/Vermont E-Line, enhancing its appeal to residents.
Proximity to Major Amenities/Attractions: Minutes away from USC Village, Natural History Museum, California Science Center, LA Memorial Coliseum, BMO Stadium, and DTLA, providing unbeatable amenities for residents.
Cons
Significant Renovation/Redevelopment Required & As-Is Sale: The property is sold 'as-is' and described as a 'value-add, remodel, expand, or explore redevelopment' project, indicating substantial capital and effort will be required to bring it to its full potential. The 'drive-by only' instruction further suggests the current condition is not ideal for immediate occupancy.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property falls short of modern living standards, especially for potential student housing or multi-tenant use, necessitating an upgrade.
Listed Above Estimated Market Value: The current listing price of $1.35 million is approximately 10% higher than the estimated property value of $1.2 million, which may impact buyer perception and negotiation leverage.