Property Detail

Description

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, about a block away from campus.