1598 W 36th Street
Los Angeles, CA 90018
- – beds
- – baths
- – sqft
- 6,800 sqft lot
- 2025 build
- – on site
Brand New Student Housing Investment Near USC – 45 Rooms, 47 Baths – Prime Income Property Presenting a new construction student housing asset just minutes from the University of Southern California. This high-yield opportunity features 45 bedrooms and 47 bathrooms. The property is currently pre-leasing to the public. Drawing from the strong demand for off-campus housing from the 47,000 students currently enrolled at the University of Southern California. Approximately 60% of all USC students live in off-campus housing. This modern Coliving Space is not just great for students, but also great for young professionals. Investment Highlights: • Projected Cap Rate: 7.8% • Projected Gross Income Multiplier (GIM): 12.79 • Turnkey New Construction – Low maintenance and high efficiency • Purpose-Built for Student Housing – High occupancy potential year-round • Prime location near USC, Exposition Park, and public transit This is a premier opportunity for investors seeking strong cash flow and long-term appreciation in one of LA’s most consistent rental markets. Please call or text for more details! Seller will be doing a 1031 exchange.
Last checked:
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Last updated May 11, 2025
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MLS# OC25089916 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2025
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Year Built Source:Builder
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New Construction:No
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Building Area Total:12978.00
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Building Area Units:Square Feet
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Total Number Of Units:2
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# of Buildings:1
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Stories Total:4
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:2
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# of Separate Water Meters:2
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# of Separate Electric Meters:2
Interior
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Levels:One
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Entry Location:front door
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Laundry:Gas Dryer Hookup
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Laundry:1
Location
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Directions:Walking distance to USC campus. Exit from Normandie Ave from I-10 then turn onto W 36th Street.
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Latitude:34.02253700
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Longitude:-118.30603800
The Property
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Property Type:Residential Income
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Subtype:Duplex
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Zoning:LAR4
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Lot Features:Lot 6500-9999
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Lot Size Area:6800.0000
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Lot Size Acres:0.1561
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Lot Size SqFt:6800.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2225.00
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Tax Lot:29
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5041016022
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Biking
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:2.00
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Garage Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/23/25
Apr 23, 2025
|
Listed / Active | CRMLS_CA | $7,700,000 | 666.2% (313.6% / YR) |
|
3/10/23
Mar 10, 2023
|
CRMLS_CA | $1,005,000 | 0.6% | |
|
1/21/23
Jan 21, 2023
|
CRMLS_CA | $999,000 |
