
Los Angeles, California 90007
This property presents a High-Potential Investment Opportunity with a List Price of $1,125,000, positioned slightly above the $1,065,311 Fair Market Value. While the current Fair Condition Rating reflects its 1903 origins, the asset offers significant upside through Shovel-Ready RTI Plans to expand into a 13-bedroom, 12-bathroom complex. Located in the DPS Patrol Zone near USC, the property ensures consistent demand and stable cash flow. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers seeking to maximize density in a premier student housing market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1293 W 36th Street Subject | $1,125,000* List Price | 5 | 4 | 1,467 | $726 | - |
A 1236 W 24th Active | $899,000 List Price | 6 | 4 | 1,536 | $585 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1903, the property is functional but dated, currently serving as student housing. While the description mentions quartz countertops and stainless steel appliances, the cabinetry and bathroom fixtures appear to be from a renovation older than 20 years. The property is marketed primarily as a redevelopment opportunity with RTI plans, indicating that while livable, the current improvements are dated and the value lies in significant expansion and modernization.
Situated just two blocks from USC and within the DPS Patrol Zone, the property commands high demand and consistent 100% occupancy from the student population.
The property includes full RTI plans and permits to expand into a 13-bedroom, 12-bathroom complex, providing a clear and immediate path to significant value-add.
With leases secured through the 2026-2027 school year and parental guarantees in place, the asset offers a low-risk, stable income stream during the pre-construction phase.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Realizing the projected $20,000 monthly income requires a substantial secondary investment to fund the construction of the duplex conversion and two detached ADUs.
The original residence dates back to 1903, which may present unforeseen structural or utility complications during the intensive renovation and expansion process.
We are pleased to present the opportunity to acquire 1293 W. 36th Street, an exceptional redevelopment opportunity with full RTI plans and permits, located in the highly desirable DPS Patrol Zone just two blocks from the University of Southern California. This is a rare chance to acquire an income-producing asset today while unlocking significant value through a fully approved, shovel-ready expansion in one of LA's strongest student housing markets. The existing property consists of a 5-bedroom + 4-bathroom single-family residence. The approved RTI plans convert the existing residence into a spacious duplex, comprised of a 4-bedroom + 3-bathroom unit, and a 1-bedroom + 1-bathroom unit, and further allow for the construction of two detached ADUs, each offering 4 bedrooms + 4 bathrooms. Once fully constructed, the property will total four units with 13 bedrooms and 12 bathrooms, dramatically increasing density, income, and overall asset value. The property currently generates $5,900 per month in gross income, with a scheduled income of approximately $20,000 per month upon completion of the fully built-out units. The residence features hardwood floors, stainless steel kitchen appliances, quartz countertops, and on-site laundry. With tenants paying all water, trash, gas, and electricity, landlord expenses remain exceptionally minimal, maximizing net operating income.The investment is 100% occupied by USC students and fully leased for the 2026-2027 school year. Combined with parental guarantees on leases and occupancy levels routinely reaching 100% throughout the school year, the asset represents a low-risk investment poised for continued growth and outstanding operating fundamentals. 1293 W. 36th Street offers the best of both worlds: stable in-place cash flow today and substantial, permit-ready upside for tomorrow, just steps from campus.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,467 | 1,672 |
| Lot Size | 5,302 | 6,067 |
| Price | $1.12M | $1.37M |
| Price per sq ft | $767 | $801 |
| Built year | 1903 | 1939 |
| HOA | $0 | $348 |
| Days on market | 33 | 56 |
Jun 19, 2026
$1,125,000
Initial Listing
Feb 3, 2005
$325,000
Public Record