Los Angeles, CA 90011,131 E 36th Place
Listed by JOSE DEL RIO โ€ข HACIENDA PROPERTIES
Bought with Husnain Alamdar โ€ข Keller Williams Beverly Hills
$1,260,000
$1,250,000
0.8%
Est.Price: ?

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4,224 SqFt

131 E 36th Place Los Angeles, CA 90011

Est. payment /mo
SOLD DATE : 07/31/2024

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Key Details

Sold Price $1,260,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,224 sqft

Price per Sqft $298

MLS Listing ID CRMB24128911

Sold Date 07/31/24

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1983

Lot Size 9,373 Sqft

Property Sub-Type Quadruplex

Property Description

Discover an unparalleled investment opportunity at 131 East 36th Place, Los Angeles, CA 90011! This prime multi-unit property, nestled near the prestigious USC Main Campus, is perfect for investors, owner-occupants, and student housing alike. Built in 1983 and meticulously maintained by its owner, this gem offers four spacious units, each with 3 bedrooms and 2 bathrooms. The property features one two-car garage per unit, each with exciting potential for ADU conversions to maximize your investment returns. Currently, all units are fully occupied and generating high rental income, ensuring a steady and lucrative cash flow. At the current price, the actual GRM is 9.7 and the actual cap rate is 7%. Beyond its proximity to USC's main campus, other nearby amenities include Superior Grocers, Trader Joes, USC, the Coliseum, major freeways, LAFC stadium, Crypto.com Arena, DTLA, and the convention center. Donรขโ‚ฌโ„ขt miss your chance to own this exceptional property in a highly sought-after location. Please do not disturb the occupants. All sales are subject to interior inspection and only drive-by showings currently allowed. Seller is highly motivated. Submit your offer today and secure a bright future with 131 East 36th Place! All information is approximate.

Location

State CA

County Los Angeles

Interior

Heating Forced Air

Fireplace No

Laundry Gas Dryer Hookup, Other

Building

Lot Description Other

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Bay East AOR and Contra Costa AOR

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