Seller's Agent in 2019
Dan Lewin
Younglewin Advisors, Inc.
(310) 720-7939
2 in this area
22 Total Sales
1196 W 36th St Los Angeles, CA 90007
Exposition Park Neighborhood
8
Beds
8
Baths
1,840
Sq Ft
5,449
Sq Ft Lot
About This Home
As of October 2019Brand-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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,240
Year Built
- Built in 1905
Lot Details
- 5,449 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 1,840 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Urban Location
Listing and Financial Details
- Tax Lot 011
- Tax Tract Number 17
- Assessor Parcel Number 5040017011
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $400
- Insurance Expense $903
- Other Expense $1,200
- New Taxes Expense $21,420
- Operating Expense $41,674
- Gross Income $128,412
- Net Operating Income $86,102
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,891
Avg. Annual Appreciation
5.25%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,700,000 | Ticor Title | |
| Grant Deed | $640,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,020,000 | Commercial | |
| Previous Owner | $783,000 | Commercial | |
| Previous Owner | $633,000 | Construction | |
| Previous Owner | $65,000 | Unknown | |
| Previous Owner | $87,000 | Unknown |
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 |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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
-
Steve Bogoyevac
S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
92 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19140944
APN: 5040-017-011
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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