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1592 W 36th Street, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 1 bath

1592 W 36th Street, Los Angeles, California 90018 home-pic-0
ACTIVE$1,670,000
1592 W 36th Street, Los Angeles, California 90018
2Beds
1Bath
1,192Sqft
6,800Lot
Year Built
1910
Close
-
List price
$1.67M
Original List price
$1.67M
Price/Sqft
$1,401
HOA
-
Days on market
-
Sold On
-
MLS number
OC25089440
Home ConditionTear down
Features
ViewNeighborhood

About this home

We found 4 Cons,5 Pros. Rank: price - $1.67M(96th), sqft - 1192(23th), beds - 2(30th), baths - 1(32th).

Build Your Dream Apartment – Permit Ready, Loan Secured, Builder On-Board! Opportunity knocks just minutes from USC! Approved permit allows you to build a duplex with 50 bedroom 52 bathrooms, total approximately 13,453 sqft. This rare opportunity not just including an approved permit, a construction loan is already in place, and a vetted builder is ready to break ground immediately. If you need those resource, we can offer extra help if you need it. No waiting, easy fast start—just a smooth path to building your dream apartment or investment property. Highlights: • Prime location near USC, Exposition Park, and DTLA • Permit already approved – skip the long city wait times! • Construction loan secured – fast-track your financing • Builder ready to go – start construction immediately after closing Whether you’re an investor or looking to build your apartment, this turnkey setup is your golden ticket. Don’t miss this chance to save time and money while locking in a premium location. Contact us today for more details! Seller and broker's agent are not guarantee the site plan, square footage, bedroom/bathroom count, lot size or lot dimensions, permitted or un-permitted space or renovations. It is Buyer's sole responsibility to perform investigations and satisfy themselves.

Nearby schools

4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.3mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•0.5mi
2/10
John W. Mack Elementary School
Public,•K-5•0.7mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.4mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.4mi
/10
Maple Primary Center
Public,•K-1•2.1mi
3/10
Trinity Street Elementary School
Public,•K-5•2.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.4mi
2/10
Audubon Middle School
Public,•6-8•1.6mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.3mi
4/10
West Adams Preparatory High School
Public,•9-12•1.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.3mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.3mi

Price History

Date
Event
Price
07/10/25
Sold
$1,670,000
02/09/24
Sold
$1,200,000
Condition Rating
Tear down
The property was built in 1910, and the listing explicitly states that the existing single-family residence will 'likely require demolition' to make way for the approved duplex development. The value is clearly in the land and the development opportunity, not the current structure, which is consistent with a tear-down property. The images, if available, would likely show an aged structure in disrepair, reinforcing the need for demolition.
Pros & Cons

Pros

Permit Approved: The property comes with an already approved permit for a 50-bedroom, 52-bathroom duplex (approx. 13,453 sqft), significantly reducing development timelines and regulatory hurdles.
Construction Loan Secured: A construction loan is already in place, streamlining the financing process and allowing for a fast-track start to the project.
Vetted Builder On-Board: A vetted builder is ready to break ground immediately, offering a 'turnkey' development opportunity and saving the buyer time and effort in contractor selection.
Prime Location: Strategically located just minutes from USC, Exposition Park, and Downtown LA, ensuring high demand for student housing and strong rental income potential.
High-Density Development Potential: The approved plans for 50 bedrooms and 52 bathrooms maximize the property's income-generating capacity in a high-demand urban area.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-10. The sold price is $1,670,000.00.
Extensive Buyer Due Diligence Required: The listing explicitly states that the buyer is solely responsible for verifying all information, including site plans, square footage, and dimensions, indicating potential for unstated issues or discrepancies.
Significant Capital Investment: Despite a secured construction loan, developing a 50-bedroom duplex represents a substantial overall financial commitment beyond the initial purchase price.
Demolition and Site Preparation Costs: The existing 1910 single-family residence will likely require demolition and extensive site preparation, adding to the project's initial costs and timeline.

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