11
See all 11 photos
$925,000
Est. payment /mo
6 Beds
6 Baths
3,912 SqFt
Active
1191 W 39th PL Los Angeles, CA 90037
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,912 sqft
Price per Sqft $236
MLS Listing ID 25523615
Bedrooms 6
HOA Y/N No
Year Built 1928
Lot Size 0.254 Acres
Property Description
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 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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Unassigned
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5037008013
Special Listing Condition Standard
Listed by Jason Tuvia • Marcus & Millichap