4539 36th St

*Please do not walk on property or disturb tenants*
The Trujillo Group of Marcus & Millichap is pleased to present a 7-unit apartment complex in the thriving and hip neighborhood of Normal Heights. 4539 36th Street was built in 1976 and fully renovated in 2022. This rare opportunity comes with plans to convert the two-car garage and adjacent laundry room into a new two-bedroom ADU, further improving the returns for the future owner.
4539 36th St current unit mix consists of (1) two-bedroom/two-bathroom unit and (6) one-bedroom/one-bathroom units. The units also have access to off-street parking with (8) surface spaces and (1) two-car garage. The property has been renovated, both inside and out, with high-end materials and a modern design. Upgrades include redesigned kitchens and bathrooms, in-unit laundry, and split system heating and air conditioning. Select units feature walk-in closets, balconies and vaulted ceilings. The property has also been retrofitted with dual pane vinyl windows and secure gated access to the courtyard.
Professionally managed, this turnkey opportunity appeals to the passive investor while also offering significant upside by adding the ADU conversion unit. Plans have been submitted to the city and approval is expected Q1 2025. The current manager may also be willing to manage the construction of this new ADU unit. With a walk score of 91 just 1.5 blocks south of the main throughfare in Normal Heights consisting of many bars and restaurants, Adams Ave., the property is well positioned with the investor’s longevity in mind.