1598 W 36th Street, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$7,700,000
1598 W 36th Street, Los Angeles, California 90018
0Bed
0Bath
12,978Sqft
6,800Lot
Year Built
2025
Close
-
List price
$7.7M
Original List price
$7.7M
Price/Sqft
$593
HOA
-
Days on market
-
Sold On
-
MLS number
OC25089916
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $7.70M(92th), sqft - 12978(92th), beds - undefined(50th), baths - undefined(50th).
$612,000 yearly rental income. Brand New Construction Incredible Investment Opportunity Near USC – 45 Rooms, 47 Baths – Now selling with 5 years leasing contract with the government agency. Investment Highlights: • Cap Rate: 8% • Gross Income Multiplier (GIM): 12.58 • No need to manage, the government agency will manage the property. • Prime location near USC, Exposition Park, and public transit This is a premier opportunity for investors seeking strong cash flow and long-term appreciation in one of LA’s most consistent rental markets. 1031 exchange is welcomed! Buyer is advised to independently verify the accuracy of all info through personal inspection and with appropriate professionals.
Nearby schools
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.3mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.6mi
2/10
John W. Mack Elementary School
Public,•K-5•0.8mi
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•2.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.3mi
Price History
Date
Event
Price
04/23/25
Listing
$7,700,000
03/10/23
Sold
$1,005,000
Condition Rating
Excellent
This property is listed with a 'year_built' of 2025 and explicitly described as 'Brand New Construction.' The provided images, particularly the bathroom, confirm a pristine, modern aesthetic with new fixtures and finishes. All components are new, meeting current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons
Pros
Guaranteed Income & Passive Management: The property comes with a 5-year leasing contract with a government agency, ensuring stable, predictable income and eliminating the need for active property management by the owner.
Exceptional Financial Performance: Boasting a strong 8% Cap Rate and $612,000 in yearly rental income, this investment offers robust cash flow and attractive returns.
Prime & Consistent Rental Market Location: Strategically located near USC, Exposition Park, and public transit, the property benefits from a high-demand, consistent rental market in a desirable Los Angeles area, supporting long-term appreciation.
Brand New Construction: As a 2025 build, the property is brand new, minimizing immediate maintenance costs and capital expenditures, offering a turn-key investment.
High Density & Income Potential: With 45 rooms and 47 baths within 12,978 sqft, the property is designed for high-density occupancy, maximizing rental income potential from a single asset.
Cons
Property Type Discrepancy: The listing's 'Duplex' sub-type contradicts the description of '45 Rooms, 47 Baths,' which requires immediate clarification for zoning, financing, and legal compliance.
Future Completion & Availability: With a 'Year Built' and 'On Market Date' in 2025, this is a pre-sale or under-construction property, meaning immediate cash flow is not possible and there are inherent risks associated with construction timelines and completion.
Limited Lot Size for Scale: The 6,800 sqft lot size for a 12,978 sqft building with 45 rooms suggests very high density, potentially limiting outdoor space or common areas, which could impact tenant appeal or future resale value if the government contract ends.