1557 W 36th, Los Angeles, CA, 90018

Marcus & Millichap is pleased to present 1557 W. 36th Place, a 7-unit multifamily asset located in the Exposition Park neighborhood of Los Angeles. Built in 1927, the 6,478 square foot asset sits on a 7,867 square foot lot and is comprised of (1) 4Bed/2Bath house, (3) 3Bed/1Bath units, and (3) 2Bed/1Bath units. All but one unit have been tastefully renovated with new flooring, kitchen cabinets, countertops, appliances, and bathrooms. The 4-Bedroom house has forced air conditioning throughout and extra space to explore adding additional bedrooms (Buyer to verify). 3 of the units are leased to USC students as furnished rentals. Rents are currently below market with approximately 32% in additional rental upside. Ownership has managed and maintained the property with care, resulting in a very low-maintenance asset. The property has an on-site laundry facility with machines owned by landlord, a roof that was replaced 3 years ago, and 5 single car private garages and 1 two-car private garage that are all currently leased. An investor will have the ability to explore the possibility of converting the private garage spaces into ADUs for additional income streams. Located just east of Western and north of Exposition, the asset is a virtual stone's throw away from the USC Campus. Within the path of significant gentrification and growth, this specific neighborhood has seen over 20 new multifamily developments totaling 507 new units completed since 2010. For commuters, the property has ease of access to the 10 and 110 Freeways and will allow tenants access to all neighboring communities such as Downtown Los Angeles, Koreatown, Mid-Wilshire, West Adams, Inglewood, Culver City, West LA and many more. The asset is also located near many major thoroughfares of Los Angeles and will allow tenants to bypass freeways when necessary or convenient.