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1506 W 36th Street Los Angeles, CA 90018
$979,000 8 beds, 6 baths
5, 118 sqft
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Iliana Tsai REALTORĀ® - Sales Associate 714-272-9632 m
949-794-5795 o
Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com
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Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com
Newport Beach Office
23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
Phone: 949-644-6200
Fax: 949-640-7429
Newport Beach 23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
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Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 26838933
List price is $979,000 Reduced by $171,000 on 6/22/2026
Beds: 8
Baths: 6
Built in 1929
5,118 sqft
1 story
0.16 acres
Lot size: 0.1561
County: Los Angeles
Zoning: LAR2
Parking description: Carport,Uncovered
Heating/cooling: None
Heating description: Wall Furnace
MLS area: C34 - Los Angeles Southwest

Last Updated: 6/27/2026

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 34.022525, -118.303365.
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Listing Agent: Darin Spillman
Lic#: 02137167
Office Name: Newport Beach

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Total population of , which has changed by % since 1990.
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Iliana Tsai REALTORĀ® - Sales Associate 714-272-9632 m
949-794-5795 o
Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 02137167
NRDS ID: 205577433
IlianaTsai@bhhscal.com

Newport Beach Office
23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
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