Skip To Content

1078 W 39TH St

Los Angeles, CA 90037
  • $1,945,000
  • STATUS: Active
  • ON SITE: 87 Days
  • MLS #: 22-131267
UPDATED: 19 min ago
$1,945,000
  • 8
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,485
    SQFT
  • $434
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

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.

Monthly Payment Calculator



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.
www.markwiseproperties.com/homes/126156512
Print Image

1078 W 39TH St Los Angeles, CA 90037

  • Price: $1,945,000
  • Status: Active
  • On Site: 87 Days
  • Updated: 19 min ago
  • MLS #: 22-131267
8
Beds
0
Baths
0
½ Baths
0.29
Acres
4,485
SQFT
$434
$/SQFT
1916
Built
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property 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.
Exterior Features

Cross Streets 39th St. & Wisconsin Pl. Direction Faces North Levels Ground Level Lot Size Area 12529 Other Structures None Parking Garage Driveway Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 0 View Description None View YN No Water Frontage None

Interior Features

Baths Total 8.00 Common Walls Detached/No Common Walls Cooling None Equipment None Heating Wall

Property Features

Alley YN No Assessed Total Value 1243752 Gross Income 84339 Gross Operating Income 84339 Like Units1 8 Net Operating Income 46231.00 Number Of Buildings 7 Number Of Units 8 Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Other Total Annual Expense 38109 Type Of Units Bungalow Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of David Yashar DRE#01102638 of Keller Williams Realty.


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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-131267-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-131267-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-131267-2.jpg
Logo
Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270