1166 W 39th Pl - Apartments FOR SALE


Los Angeles, CA 90037- South Central LA
$1,049,000 USD
310-382-0679
1166 W 39th Pl, Los Angeles, CA for Sale
$1,049,000 USD
Apartments - FOR SALE
1/33
null | 6.83% Cap Rate

1166 W 39th Pl
Los Angeles, CA 90037
South Central LA


HIGHLIGHTS

  • High demand rental area
  • Two detached buildings on one lot
  • LARD 1.5 zoning provides the ability for redevelopment or value add
  • Located just minutes from USC
  • A spacious front house and a detached rear unit provide flexibility for student housing, multi-generational living, or rental income
  • Nestled in the heart of a rapidly appreciating area

OVERVIEW

Located just minutes from USC, this property presents a rare opportunity for both investors and owner-users. Nestled in the heart of a rapidly appreciating area, this property offers unbeatable proximity to USC, the Natural History Museum, the highly anticipated Lucas Museum, BMO Stadium, the LA Coliseum, and a host of other cultural and entertainment landmarks. Property boasts two separate homes on the lot, with LARD 1.5 zoning providing the ability for redevelopment or value add. A spacious front house and a detached rear unit provide flexibility for student housing, multi-generational living, or rental income. Whether you're looking to renovate and hold, occupy and rent, or develop and scale, this property checks all the boxes for a strategic real estate play in one of LA's most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

7

PRICE/UNIT

$149,857

CAP RATE

6.83%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD 1.5

APN/PARCEL ID

5037-006-007

ASK ABOUT THIS PROPERTY

Daniel PerlsteinDanco, INCMore Info
310-382-0679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel PerlsteinDanco, INCMore Info
310-382-0679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.