1443 W 36th Place, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath
ACTIVE$1,150,000
1443 W 36th Place, Los Angeles, California 90018
2Beds
1Bath
760Sqft
6,963Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Development Opportunity: The property presents a significant development opportunity due to its LAR2 zoning, allowing for the construction of multiple units and ADUs.
Top Cons:
Existing Structure: The existing 760 sqft single-family residence may require demolition or significant renovation, adding to initial development costs.
Compared to the nearby listings
Price:$1.15M vs avg $880.0K (+$270,000)67%
Size:760 sqft vs avg 1,508 sqft2%
Price/sqft:$1.5K vs avg $62498%
More Insights
Built in 1922 (103 years old).
Condition: The property was built in 1922 and is described as a single-family residence on a lot intended for development. Given the age and the focus on the land's development potential, the existing structure is likely in need of substantial repairs or is outdated. It is likely that the kitchen and bathroom are also outdated, requiring significant updates. Therefore, the condition is rated as poor.
Year Built
1922
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$1,513
HOA
-
Days on market
-
Sold On
-
MLS number
24457383
Home ConditionPoor
Features
View
About this home
We are pleased to present the opportunity to acquire this 6,963 SF lot Student Housing Development opportunity located at 1443 W. 36th Place, a couple of blocks away from the University of Southern California (USC). The site offers a zoning ordinance of LAR2, which allows for the construction of 2 units by right + ADU's. There is a single family residence currently on the lot, which will be delivered 100% vacant. The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment.
Nearby schools
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.3mi
2/10
John W. Mack Elementary School
Public,•K-5•0.5mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.5mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.8mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.2mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.3mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•1.8mi
3/10
Trinity Street Elementary School
Public,•K-5•2.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.5mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.3mi
3/10
Manual Arts Senior High School
Public,•9-12•1.1mi
4/10
West Adams Preparatory High School
Public,•9-12•1.4mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.0mi
Condition Rating
Poor
The property was built in 1922 and is described as a single-family residence on a lot intended for development. Given the age and the focus on the land's development potential, the existing structure is likely in need of substantial repairs or is outdated. It is likely that the kitchen and bathroom are also outdated, requiring significant updates. Therefore, the condition is rated as poor.
Pros & Cons
Pros
Development Opportunity: The property presents a significant development opportunity due to its LAR2 zoning, allowing for the construction of multiple units and ADUs.
Prime Location: Located a couple of blocks from USC, offering high desirability for student housing with easy access to campus and University Village.
Vacant Possession: The existing single-family residence will be delivered 100% vacant, facilitating immediate development or renovation.
Cons
Existing Structure: The existing 760 sqft single-family residence may require demolition or significant renovation, adding to initial development costs.
Price Point: The list price of $1,150,000 may be considered high relative to the existing structure and require careful consideration of development costs and potential returns.