513-212-6349
1249 W 39th Plz, Los Angeles, CA for Sale
Apartments - FOR SALE
1/27
null | Request Cap Rate

1249 W 39th Plz
Los Angeles, CA 90037
South Central LA


HIGHLIGHTS

  • LINQ on Thirty-Ninth is a 42-unit, 69-bed community with a mix of one- and two-bed units with bed-bath parity built in 2020 in Los Angeles, California
  • LINQ on Thirty-Ninth sits one metro stop away from USC’s campus.
  • Currently, approximately 30% of tenants are students. An incoming investor could market this property as student housing and rent by the bed. 
  • USC does not require students to live on campus and has a current enrollment of 47,147.
  • LINQ on Thirty-Ninth is close to the E Line, which goes from East LA to Santa Monica and sees approximately 1.28 million riders per month
  • An incoming investor can grow rents at LINQ on Thirty-Ninth. This property sits below market when compared to similar product. ???????

OVERVIEW

LINQ on Thirty-Ninth is a 42-unit, 69-bed apartment community with a mix of one- and two-bed units with bed-bath parity built in 2020 in Los Angeles, California. Although LINQ on Thirty-Ninth is marketed as conventional multifamily, approximately 30 percent of tenants are students. An incoming investor could market this as student housing and rent by the bed. Rents are also below market and have room to grow. LINQ on Thirty-Ninth offers amenities to its residents including  a rooftop deck, courtyard, fitness center, controlled access, covered parking, package receiving, and on-site management.  LINQ on Thirty-Ninth is pedestrian to the University of Southern California (USC). USC has a current enrollment of nearly 50,000 students and is well-known across the world. USC does not require students to live on campus. This offering represents 100 percent fee-simple interest in LINQ on Thirty-Ninth, free and clear of any debt or with assumable debt in place.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

46

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LINQ on Thirty-Ninth

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,198 SF

ZONING

LAR3

APN/PARCEL ID

5037-007-037

ASK ABOUT THIS PROPERTY

David PeirceFranklin StreetMore Info
513-212-6349

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David PeirceFranklin StreetMore Info
513-212-6349

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