1506 W 36th Street, Los Angeles, CA 90018

• 8 beds |
• 6 baths |
• 5,118 sqft

Property Description

15% Price Reduction! The offering consists of a Spanish-style 4-unit building fronting 36th Street paired with a separate 3BR/2BA single-family residence at the rear of the lot. The 1-bedroom apartment units are spacious, averaging over 1,000 SF each, and the two upstairs 1-bedroom units have floor plans that easily convert to two-bedroom units. One upstairs unit is currently vacant and recently underwent extensive renovations (including new flooring, sub flooring, and a renovated kitchen and bathroom), providing immediate ability to lease at market rent without tenant relocation. Located a few blocks from USC and the LA Memorial Coliseum, site of the 2028 Olympic Games, the property offers a compelling student-housing repositioning strategy along with substantial mark-to-market rent upside on the apartment units (currently approximately 40% below market). The 3-space carport at the rear of the lot also presents potential ADU conversion opportunities for additional units and income (buyer to verify). Each unit also has its own dedicated storage space within the carport area, and the units are separately metered for gas and electricity. The upstairs 1 bedroom units also have washer-dryer hookups.

Listing Status:

Active

Date Added:

May 25, 2026

Data Last Updated:

July 6, 2026 at 2:16AM

Listing Office:

Kidder Mathews of California, Inc. : 310-312-1800

Listing Agent:

Darin Spillman : 310-592-8269

MLS ID:

26838933

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: CarportUncoveredParking spaces: 5

Construction

• General: 1

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR25041017021

Financial

• Source: CRMLS_CL