Description
This Multi-Family Opportunity consists of 8 residential units in 7 Cottage Style Buildings totaling 4,485 SF. It sits on 12,529 SF of LA-RD1.5 zoned land. All units are 1bedroom / 1 bathroom. The site also allows for a future development opportunity. The site is to be sold with the adjacent parcel. Both parcels currently allows for 16 units by right & up to 27 units with the Density Bonus! (BUYER TO DO THEIR OWN DUE DILIGENCE)There is on-site parking in addition to ample street parking. This offering will attract an investor looking for a n income producing multi-family property in a densely populated area just west of USC Campus & Exposition Park, with 70% upside potential in rents. The Subject Property is located at the south side of W. 39th St., 1parcel west of Wisconsin Pl. and two blocks west of Vermont Ave. The site is approximately 2 blocks west of Exposition Park; which consists of the California Science Center, Natural History Museum, California African American Museum, the future George Lucas Museum, Banc of California Soccer Stadium and the Los Angeles Memorial Coliseum. It is also just 1/2 a mile from the University of Southern California Campus. It is easily accessible, being just west of the 110 Freeway onramp and less than 1 mile from the Expo Park /USC metro station, which connects downtown Los Angeles to Santa Monica. The demographics in the immediate area offer over 50,000 people residing within a 1-mile radius and just under 500,000 people reside within a 3-mile radius. PROPERT TO BE PURCHASED CONCURRENTLY WITH APN 5037-020-012 ADDRESS 1082 W. 39th St.
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8BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
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4,485SQFT
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$434$/SQFT
School Ratings & Info
Description
This Multi-Family Opportunity consists of 8 residential units in 7 Cottage Style Buildings totaling 4,485 SF. It sits on 12,529 SF of LA-RD1.5 zoned land. All units are 1bedroom / 1 bathroom. The site also allows for a future development opportunity. The site is to be sold with the adjacent parcel. Both parcels currently allows for 16 units by right & up to 27 units with the Density Bonus! (BUYER TO DO THEIR OWN DUE DILIGENCE)There is on-site parking in addition to ample street parking. This offering will attract an investor looking for a n income producing multi-family property in a densely populated area just west of USC Campus & Exposition Park, with 70% upside potential in rents. The Subject Property is located at the south side of W. 39th St., 1parcel west of Wisconsin Pl. and two blocks west of Vermont Ave. The site is approximately 2 blocks west of Exposition Park; which consists of the California Science Center, Natural History Museum, California African American Museum, the future George Lucas Museum, Banc of California Soccer Stadium and the Los Angeles Memorial Coliseum. It is also just 1/2 a mile from the University of Southern California Campus. It is easily accessible, being just west of the 110 Freeway onramp and less than 1 mile from the Expo Park /USC metro station, which connects downtown Los Angeles to Santa Monica. The demographics in the immediate area offer over 50,000 people residing within a 1-mile radius and just under 500,000 people reside within a 3-mile radius. PROPERT TO BE PURCHASED CONCURRENTLY WITH APN 5037-020-012 ADDRESS 1082 W. 39th St.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T08:42:42.763. 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.