Daron Case - Commercial Real Estate Showcase

Daron Case Property Listings
Sales Associate
RE/MAX Commercial & Investment Realty
23001 Hawthorne Blvd
Torrance, CA 90505-3702
(310) 770-4936
(310) 802-2560

1321 W 36th Place - The West 36th Place Apartments

Los Angeles, CA 90007 - South Central LA MF Submarket

Property Type:Multi-Family Number of Units:8 Status:Existing Year Built:1960
Stories:2 Building Size:4,939 SF Land Area:.16 AC (6,839 SF)
For Sale Price:$1,545,000 Price/Unit:$193,125.00 Cap Rate:4.41 % GRM:-

Parking:1.42 Parking Spaces / 1,000 SF

The West 36th Place Apartments consist of two two bedroom/one bath, five one bedroom/one bath, and one single one bath unit mix in a two-story wood frame and stucco building. The property is located between Vermont and Normandie, South of Jefferson and North of Exposition, in a prime rental area for USC Students. The building is individually metered for utilities, has parking, and provides significant upside in the rental income.

Sale Notes:
8 Units just 3 blocks from USC campus. Attractive unit mix consisting of three 2/1's, four 1/1's and one studio. Units are separately metered for gas & electricity keeping landlord expenses low. Subject property is professionally managed and located across the street from Weemes Elementary School. Tenants enjoy onsite parking and laundry room. All units are currently section 8, but subject property presents interesting reposition play as student housing. Property subject to rent control, but eligible for annual rent increases per Los Angeles Rent Stabilization Ordinance.

3 Blocks from USC Campus!
Units separately metered for gas & electricity
Onsite parking and laundry room
Professionally managed - all units are section 8
Reposition play as student housing?
Perfect 1031 replacement property

RE/MAX Commercial & Investment Realty
Daron Case
(310) 770-4936

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