1271 W 39th Pl - Apartments FOR SALE


Los Angeles, CA 90037- South Central LA
$3,900,000 USD
818-448-4415
1271 W 39th Pl, Los Angeles, CA for Sale
$3,900,000 USD
Apartments - FOR SALE
1/8
null | 5.35% Cap Rate

1271 W 39th Pl
Los Angeles, CA 90037
South Central LA


HIGHLIGHTS

  • Prime South LA Location in Exposition Park
  • New Construction Completed in 2020
  • Vacant 400 SF Storage Space - Easy ADU or Gym Conversion
  • Modern Units - Stainless Steel Appliances, Central HVAC, Quartz Countertops, Wood Vinyl Floors, and In-Unit Washer and Dryer
  • Full Garage Parking
  • Option to get Higher Rents by Renting to USC Students

OVERVIEW

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 1271 West 39th Place in Los Angeles, California. The subject property is located in a prime South LA location in Exposition Park, south of Exposition Boulevard and west of Vermont Avenue. Located adjacent to USC, this 2020-built property offers an excellent unit mix of one (1) one-bedroom, one (1) two-bedroom, and six (6) three-bedroom units. Each unit features in-unit washer and dryer, energy-efficient central HVAC, stainless steel appliances with refrigerator included, and two tandem parking spaces. The fully gated and security-monitored property also includes a vacant ±400 square foot space with potential for ADU conversion, gym, or storage income. The asset benefits from direct access to major corridors including Exposition Boulevard, Normandie Avenue, Western Avenue, Vermont Avenue, and Martin Luther King Jr. Boulevard, and is within close proximity to USC Village, BMO Stadium, the Natural History Museum, and the California Science Center. Overall, the combination of 2020 new construction, a prime USC adjacent location, and the additional upside potential from the vacant ±400 square foot space presents a compelling investment opportunity to own a newer construction property with an option to get higher rents by renting to USC students. For OM, please visit: https://www.lamultifamilydeals.com/properties/1271-w-39th-pl

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

8

PRICE/UNIT

$487,500

CAP RATE

5.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,791 SF

ZONING

LAR3

APN/PARCEL ID

5037-007-019

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

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