13 bedroom house for sale

Overview

The RTI plans have been approved to convert the existing Single Family Residence to a spacious Duplex, consisting of a 4-bedroom + 3-bathroom unit and a 1-bedroom +1-bathroom unit

We are pleased to present the opportunity to acquire 1293 W. 36th Street, an incredible redevelopment opportunity with RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, and close proximity to the University of Southern California (USC). The existing property currently consists of a total of five (5) bedrooms and four (4) bathrooms. The RTI plans have been approved to convert the existing Single Family Residence to a spacious Duplex, consisting of a 4-bedroom + 3-bathroom unit and a 1-bedroom +1-bathroom unit. The plans are also approved to construct two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms. Fully constructed, there will be a total of 4 units, 13-bedrooms + 12-bathrooms. Current income is $5, 900/month. Finalized constructed units will have a scheduled income of approximately $20, 000/month. The property features hardwood floors, stainless steel kitchen appliances, quartz counter tops, On-site laundry, and the tenants pay all utility expenses. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the year. Please email for the Executive Summary/ Offering Memorandum.