Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
$925,000
We are pleased to present a six (6) unit apartment building located at 1191 W 39th Place in Los Angeles, California. The subject property is located in a great South LA location, south of Exposition Boulevard and east of Normandie Avenue. 1191 W 39th Place is a charming 6-unit bungalow-style… Read More apartment community located directly adjacent from Exposition Park/USC. Built in 1928, this character-rich property features six (6)1-bedroom/1-bathroom units. Two units will be delivered vacant at close, giving investors the rare opportunity to bring in market rents from day one. The standalone bungalow-style units are highly sought after by tenants, offering privacy and charm rarely found in larger multifamily buildings. The surrounding neighborhood is experiencing a surge of new development bordered by the newly built George Lucas Museum, expansion of Expo Park, and newly residential apartment buildings at 1249 W 39th Pl and 1271 W 39th Pl. This area is poised for even greater growth, making it an attractive investment opportunity in the South LA area. Situated in a great South LA Location, this property offers investors a unique opportunity to capitalize on a 40% rental upside potential, allowing for substantial income growth and a strong return on investment as the area continues to appreciate. Read Less
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,912
Lot Size
0.25 Acres
Year Built
1928
MLS Number
25523615
30 Days Snapshot Of 90037
$593k
-10%
(avg) sold price
4
-20%
homes sold
104
+55%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 3,912, Levels: One, Living area: 3912, 1 story, 4 buildings
Income
Gross income: $91,845, Net operating income: $50,640
Lot
0.2539 acres, 11,060 square feet, Size: 11,060
Parking
Unassigned
Property
Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
