$5,700,000
NEW CONSTRUCTION $300K PRICE DROP

Estimated payment $31,241/month

Total Views 80,307
32 Beds
34 Baths
3,900 Sq Ft
$1,462 Price per Sq Ft

Highlights

  • 24-Hour Security
  • Modern Architecture
  • No HOA
  • New Construction
  • Granite Countertops
  • Two Homes on a Lot

About This Home

Modern New Construction Co-Living Investment in Prime USC/Adams District
Welcome to 1814 W 36th Street, an exceptional new construction (2024) co-living apartment complex located just 2.5 blocks from USC Village and moments from the Historic Adams District. Nestled just south of the 10 Freeway and a 15-minute drive to Downtown Los Angeles, this turnkey investment offers unrivaled access to local universities, transit lines, dining, and cultural hotspots.
This beautifully designed asset features 32 private en-suite bedrooms (+ 2 common area bathrooms), individually leased for maximum income potential and tenant privacy. Built for the modern urban renter, the property boasts luxury finishes, low-maintenance durability, and investor-ready financials that cash flow from day one.
Property Features
32 Private Suites — Each room includes a private bath, and high-quality finishes, appealing to students and professionals alike.
Solar - 12.64 kw, system investment of $50,600
Stylish Modern Interiors — Light gray wood-finish flooring, recessed lighting, and open-concept layouts deliver a bright and contemporary feel throughout the building.
Designer Bathrooms — Every private bath is appointed with modern tile, glass-enclosed showers, contemporary vanities, and matte black fixtures.
Gourmet Shared Kitchens — Residents enjoy access to two expansive, fully equipped shared kitchens featuring quartz countertops, white shaker cabinets, high-end stainless steel appliances, and multiple prep stations, 3x3 appliances.
In-Unit Laundry — Each level includes stacked washer/dryer units for tenant convenience.
Outdoor Amenities — Thoughtfully landscaped with low-maintenance gravel courtyards, ample bike racks, and lounge seating. A fenced front yard with artificial turf enhances curb appeal and privacy.
Secure Gated Access — The building is protected by a modern black steel fence and security gate with exterior surveillance.
Parking & Storage — Limited onsite parking with easy access and side yard carport; ample street parking available.
Operational Highlights
Individually Metered for gas, electric, and water
All Utilities Included in rent pricing for current lessees
High-Speed Wi-Fi throughout the property
Security Patrol & On-Site Resident Manager for a professionally run, hands-off investment experience

Listing Agent

Steven W. Gray

eXp Realty of Greater Los Angeles License #02194905 Listed on: 07/10/2025

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,466

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 5,881 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in good condition
  • Back Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Modern Architecture
  • Patio Home
  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Wood Siding
  • Vertical Siding
  • Vinyl Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • Living Room
  • Storage
  • Vinyl Flooring

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 34 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Window Bars
  • Alarm System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Driveway
  • Automatic Gate

Accessible Home Design

  • Accessibility Features
  • More Than Two Accessible Exits
  • Ramp on the main level
  • Accessible Parking

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Two Homes on a Lot
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 5 / 3
  • Tax Tract Number 6175
  • Assessor Parcel Number 5042027005
  • $289 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 32 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $7,982
  • Fuel Expense $1,070
  • Insurance Expense $1,000
  • Professional Management Expense $8,351
  • Trash Expense $3,055
  • Water Sewer Expense $7,982
  • Operating Expense $136,060
  • Gross Income $446,100
  • Net Operating Income $310,440

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,466

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Price Per Unit: 178125
  • Professional Management Expense: 8351.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: 24 Hour Security, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire Sprinkler System, Resident Manager, Security Lights, Security System, Smoke Detector(s), Window Bars, Wired for Alarm System
  • View: No
  • Water Sewer Expenses: 7982.00
  • Zoning: LAR2
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5042027005
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Recessed Lighting, Storage
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Accessibility Features: 2+ Access Exits, Disability Features, Parking, Ramp - Main Level, See Remarks
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 1461.54
  • Room Type: Galley Kitchen, Living Room
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Vertical Siding, Vinyl Siding, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas & Electric Range, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, Inside, Stackable, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 3055.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Patio Home
  • Lot Size Sq Ft: 5881.00
  • Lot Size Acres: 0.1350

Multi Family

  • Electric Expense: 7982.00
  • Fuel Expense: 1070.00
  • Gross Income: 446100.00
  • Gross Scheduled Income: 446100.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5881.0000 Square Feet
  • Net Operating Income: 310440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 32
  • Operating Expense: 136060.00
  • Rent Control: No
  • Total Expenses: 136060.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 2220.02
  • Tax Lot: 5
  • Tax Tract Number: 6175
  • TaxOtherAnnualAssessmentAmount: 289.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,466 $2,557,612 $865,612 $1,692,000
2024 $10,466 $848,640 $586,500 $262,140
2023 $10,268 $832,000 $575,000 $257,000
2022 $8,619 $721,802 $577,443 $144,359
2021 $8,507 $707,650 $566,121 $141,529
2019 $8,252 $686,663 $549,331 $137,332
2018 $8,155 $673,200 $538,560 $134,640
2016 $579 $34,171 $19,441 $14,730
2015 $572 $33,658 $19,149 $14,509
2014 $587 $32,999 $18,774 $14,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $5,700,000 -5.0% $1,462 / Sq Ft
07/10/2025 07/10/25 For Sale $6,000,000 +621.2% $1,538 / Sq Ft
08/15/2022 08/15/22 Sold $832,000 -2.1% $530 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $850,000 +28.8% $541 / Sq Ft
06/30/2017 06/30/17 Sold $660,000 +1.7% $419 / Sq Ft
05/23/2017 05/23/17 Pending -- -- --
05/19/2017 05/19/17 Price Changed $649,000 -7.2% $412 / Sq Ft
05/04/2017 05/04/17 Price Changed $699,000 -4.1% $444 / Sq Ft
04/27/2017 04/27/17 Price Changed $729,000 +99.7% $463 / Sq Ft
08/08/2016 08/08/16 Sold $365,000 -3.7% $339 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $379,000 +3.8% $352 / Sq Ft
06/03/2016 06/03/16 Off Market $365,000 -- --
04/07/2015 04/07/15 For Sale $734,000 -- $466 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Fidelity National Title
Grant Deed $832,000 Fidelity National Title
Grant Deed $660,000 Fidelity National Title Co
Grant Deed $365,000 Fidelity National Title Co
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,050,000 New Conventional
Closed $1,680,000 Construction
Previous Owner $630,000 New Conventional
Previous Owner $647,231 FHA
Previous Owner $374,000 Purchase Money Mortgage
Previous Owner $160,000 Purchase Money Mortgage
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25154694

California Regional Multiple Listing Service (CRMLS)

APN: 5042-027-005