Millman Team Real Estate

$1,150,000
6 Bed
4 Bath
1,985 Sqft
0.12 Acre Lot

1283 W 36th Street, Los Angeles, California 90007

  • Residential Income Property Type
  • 1,985 Sqft Square Footage
  • Gated Cars Garage
  • 1931 Year Built
Property Description

We are pleased to present the opportunity to acquire 1283 W. 36th Street, a two-unit student housing investment located just two blocks from the University of Southern California within the highly coveted DPS Patrol Zone. Positioned in one of the strongest and most consistent student housing rental markets in Los Angeles, the property benefits from premium rents, year-round tenant demand, and the security of being fully pre-leased for the 2026-2027 academic year. The offering consists of a 5-bedroom + 3-bathroom front single-family residence pre-leased at $5,700 per month, along with a private studio unit toward the rear of the lot pre-leased at $1,795 per month, generating a combined $7,495 per month in secured gross income. The front home’s kitchen is currently undergoing a full remodel and update, delivering a fresh, modern interior that further enhances the property’s appeal and rental value. With both units already committed, a new investor steps into stable, in-place cash flow and dependable yield from day one. The property totals approximately 1,985 rentable square feet on a 5,192 square foot lot. Operationally, the asset is exceptionally efficient. Tenants pay for all water, trash, gas, and electricity, minimizing landlord expenses and maximizing net operating income. Adding to the investment appeal, an existing parking garage toward the rear of the lot presents a significant value-add opportunity, offering a new owner the potential to construct an ADU to further increase cash flow and overall asset value over time. Priced at an in-place 6.0% cap rate and combining secured pre-leased income, low-maintenance ownership, and long-term upside, 1283 W. 36th Street is a rare opportunity to own a premier, income-producing asset in one of LA’s most reliably performing rental markets, just steps from campus.

Basic Details
Residential Income
For Sale
26849769
$1,150,000
6
4
1,985 Sqft
1931
0.12 Acre
Active
Features
: Gated
$0
Appliances
: Dryer, Washer, Refrigerator
Address Map
CA
Los Angeles
Los Angeles
90007
36th
1283
Street
W119° 42' 10.8''
N34° 1' 23''
1283 W. 36th Street | Los Angeles, CA 90007
C34 - Los Angeles Southwest
W
LARD1.5
Additional Information
$0
$0
$0
$0
$0
1985
: One
2
2026-06-19
1
1
Broker/Agent Information
Keller Williams Hollywood Hills
Davis Saadian
Listing Information
CLW-C114727
CLW-X7252101
Active
2026-06-21T14:57:43Z
CRMLS
: Standard
2026-06-19T00:00:00Z
Agent info
Ray Millman
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