1201 West 36th Place, Los Angeles, CA 90007
Recently constructed quadplex with four separately metered units.
Property Features for 1201 West 36th Place
General Information
Additional Details
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Investment Insights
Based on property information with market context.
The property is located one block from the University of Southern California’s main University Park Campus within the CSC and DPS patrol areas, and it is less than a quarter-mile from USC. It is also less than a half-mile from the University Village mixed-use project, which includes student housing and over 500,000 square feet of academic space, restaurants, and major retailers such as Trader Joes, Target, Bank of America, and Starbucks. The asset is within walking distance of the LA Metro Light-Rail Line serving Downtown LA, Culver City, and the West Side, and it is also within walking distance of Exposition Park.
The offering is fully pre-leased for the 2019-2020 academic year, with leases commencing in August. The adjacent rear property at 1196 West 36th Street is also for sale by a separate owner; since it was built by the same developer in 2019, it is described as potentially combinable with the subject property into a street-to-street assemblage of six units, which may help it qualify for commercial financing.
Key Highlights
- Recently constructed student housing quadplex with four separately metered units (gas, electricity, and water).
- Two 2017 construction units: each unit has 3 bedrooms and 3 bathrooms.
- Two additional 2017 renovated units: 4‑bedroom/4‑bathroom and 2‑bedroom/2‑bathroom.
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 90007, CA
Market
Vacancy Rate% for Multifamily in West region