NOT LISTED FOR SALE

1196 W 36th St Los Angeles, CA 90007

Exposition Park Neighborhood

Estimated Value: $2,201,000 - $2,433,694

8 Beds
8 Baths
3,072 Sq Ft
$749/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $1,700,000 $553 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $14,722/month

About This Home

As of October 2019

Brand-new student housing asset located at 1196 West 36th Street in the coveted 90007 zip code of Los Angeles, CA. Fully renovated 5-bedroom/5-bathroom house and a brand-new construction Accessory Dwelling Unit (ADU) with 3-bedrooms/3-bathrooms. All bedrooms have a private master bathroom to perfectly cater to the needs of student tenants. Notably for the landlord, the units are all separately metered for all utilities - gas, electricity and water - leading to significantly reduced operating expenses. The property is fully pre-leased for the 2019-2020 academic year (commence in August) at top of market rents.

One block from USC in both the CSC and DPS patrol areas, the property is in a highly desirable student housing location. In addition to the demand from students, the property is located in one of the most dynamic submarkets in the city conveniently located within walking distance of the LA Metro Expo Light-Rail Line. Walking distance to Expo Park - home to the LA Coliseum, the brand-new LAFC Stadium, the $1-Billion George Lucas Museum. Additionally, the Park and USC will be home to the opening ceremonies and many events throughout the 2028 Los Angeles Olympic.

Adjacent property to the rear, 1201 W 36th Pl, is also for sale by a separate owner. Built by the same developer as the subject property in 2017 the property is similar in architecture and layout. Easily combined to create a street-to-street assemblage of six units in total allowing commercial financing.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
Oct 3, 2019
Sold by
1196W 36Th St Holdings Llc
Bought by
Student Housing Llc
Seller's Agent
Dan Lewin
Younglewin Advisors, Inc.
Buyer's Agent
Dan Lewin
Younglewin Advisors, Inc.
List Price
$1,800,000
Sold Price
$1,700,000
Premium/Discount to List
-$100,000
-5.56%
Current Estimated Value
$2,330,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$630,008
Avg. Annual Appreciation
5.37%
Original Mortgage
$1,020,000
Outstanding Balance
$895,710
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$1,405,464

Purchase Details

Listed on
Oct 3, 2016
Closed on
Jan 31, 2017
Sold by
Brooks Leroy
Bought by
1196 West 36Th Street Holdings Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.44%
Original Mortgage
$633,000
Interest Rate
4.2%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Student Housing Llc $1,700,000 Ticor Title
1196 West 36Th Street Holdings Llc $640,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Student Housing Llc $1,020,000
Previous Owner 1196 West 36Th Street Holdings Llc $783,000
Previous Owner 1196 West 36Th Street Holdings Llc $633,000
Previous Owner Brooks Leroy $65,000
Previous Owner Brooks Leroy $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2019 10/16/19 Sold $1,700,000 -5.6% $924 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $1,800,000 +185.7% $978 / Sq Ft
02/21/2017 02/21/17 Sold $630,000 0.0% $342 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $630,000 -- $342 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,240 $1,859,192 $1,115,517 $743,675
2024 $22,240 $1,822,739 $1,093,645 $729,094
2023 $21,810 $1,787,000 $1,072,201 $714,799
2022 $20,794 $1,751,962 $1,051,178 $700,784
2021 $20,533 $1,717,611 $1,030,567 $687,044
2020 $20,746 $1,700,000 $1,020,000 $680,000
2019 $8,078 $665,855 $521,760 $144,095
2018 $8,029 $652,800 $511,530 $141,270
2016 $1,746 $137,237 $84,058 $53,179
2015 $1,722 $135,177 $82,796 $52,381
2014 $1,737 $132,530 $81,175 $51,355
Source: Public Records

Agents Affiliated with this Home

  • Dan Lewin

    Seller's Agent in 2019

    Dan Lewin

    Younglewin Advisors, Inc.

    (310) 720-7939

    2 in this area

    23 Total Sales

    Section Image

  • S

    Seller's Agent in 2017

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    96 Total Sales

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Map

California Los Angeles County Los Angeles 90007 Exposition Park

1196 W 36th St, Los Angeles, CA

This home is located at 1196 W 36th St, Los Angeles, CA 90007 and is currently estimated at $2,301,174, approximately $749 per square foot. 1196 W 36th St is a home located in Los Angeles County with nearby schools including Lenicia B. Weemes Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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