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1592 W 36th Street, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

1592 W 36th Street, Los Angeles, California 90018 home-pic-0
ACTIVE$1,670,000
1592 W 36th Street, Los Angeles, California 90018
0Bed
0Bath
13,453Sqft
6,800Lot
Year Built
1910
Close
-
List price
$1.67M
Original List price
$1.67M
Price/Sqft
$124
HOA
-
Days on market
-
Sold On
-
MLS number
OC25103725
Home ConditionTear down
Features
ViewNeighborhood

About this home

We found 4 Cons,5 Pros. Rank: price - $1.67M(96th), sqft - 13453(98th), beds - undefined(2th), baths - undefined(2th).

Opportunity knocks just minutes from USC! Approved permit allows you to build a duplex with 50 bedroom 52 bathrooms, total approximately 13,453 sqft. We are pleased to present the opportunity to acquire this Fully Permitted Student Housing Construction project totaling 50 bedrooms and 52 bathrooms. Just a couple of blocks away from the University of Southern California (USC). Located on 1592 W. 36th Street, this project is ready to build with zero upfront hassle fully paid permits, architect plans, plus the structure is already demolished, saving you over 200K (already paid!!) in prep costs and months of red tape + carrying costs! 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. Whether you’re an investor or looking to build your apartment, this turnkey setup is your golden ticket. Don’t miss this chance to save time and money while locking in a premium location. Contact us today for more details! Seller will be doing a 1031 exchange. Seller and broker's agent are not guarantee the site plan, square footage, bedroom/bathroom count, lot size or lot dimensions, permitted or un-permitted space or renovations. It is Buyer's sole responsibility to perform investigations and satisfy themselves.

Nearby schools

4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.3mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.5mi
2/10
John W. Mack Elementary School
Public,•K-5•0.7mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.4mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•2.1mi
3/10
Trinity Street Elementary School
Public,•K-5•2.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.4mi
2/10
Audubon Middle School
Public,•6-8•1.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.3mi
4/10
West Adams Preparatory High School
Public,•9-12•1.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.3mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.3mi

Price History

Date
Event
Price
07/10/25
Sold
$1,670,000
02/09/24
Sold
$1,200,000
Condition Rating
Tear down
The property is currently a vacant lot, as the original structure (built in 1910) has already been demolished. There are no existing kitchens, bathrooms, or other interior features to assess. The listing is for land with approved plans for new construction, aligning with the 'tear-down' criteria where the value is based solely on the land and its potential for redevelopment, as the previous structure was deemed beyond repair or unsuitable for the intended purpose.
Pros & Cons

Pros

Exceptional Location: Prime location just blocks from the University of Southern California (USC) and University Village, offering high demand for student housing.
Fully Permitted Development: All necessary permits and architect plans for a 50-bedroom, 52-bathroom duplex are approved and paid, significantly de-risking the project.
Ready-to-Build Condition: The existing structure is already demolished, saving over $200K in prep costs and months of red tape, accelerating the development timeline.
High-Density Income Potential: Approved plans for a 13,453 sqft, 50-bedroom, 52-bathroom duplex offer substantial rental income capacity.
Turnkey Investor Opportunity: Marketed as a 'turnkey setup' and 'golden ticket' for investors, minimizing initial development hurdles and maximizing efficiency.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-10. The sold price is $1,670,000.00.
Extensive Buyer Due Diligence: The seller explicitly disclaims guarantees on site plans, square footage, and room counts, placing full responsibility on the buyer for verification.
Specialized Market Risk: The investment is highly concentrated in the student housing sector, which has unique management demands and market sensitivities.
Significant Construction Capital Required: While permits are secured, the substantial cost of constructing a 13,453 sqft, 50-bedroom duplex represents a major financial undertaking for the buyer.

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