1134 W 39th, Los Angeles, CA 90037

$1,750,000

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List Price
$1,750,000
Status
ACTIVE
MLS#
SR26205224
Year Built
1972
Lot Size
9,897
Acres
0.23
Lot Location
2-5 Units/Acre, Walkstreet
Days on Market
1
Property Type
Commercial
Property Sub Type
Multi Family

Property Description

*** 3 UNITS WILL BE DELIVERED VACANT **** This exceptional five-unit multifamily property presents a rare value-add opportunity in the heartof rapidly evolving Exposition Park, one of Los Angeles’ most active rental markets e The property features an attractive and versatile unit mixconsisting of one 2-bedroom, 1-bathroom unit, two expansive 5-bedroom, 2-bathroom units, one 4-bedroom, 2-bathroom unit, and one 3-bedroom, 1-bathroom unit. The large unit configurations and flexible layout create outstanding income potential for investors pursuing studenthousing, traditional multifamily rentals, or alternative housing strategies in a consistently high demand location .Ideally situated 10 minutes walkdistance to the University of Southern California, the property benefits from close proximity to some of Los Angeles’ most iconic destinations,including the Los Angeles Memorial Coliseum, a featured venue for the upcoming 2028 Olympic Games, the highly anticipated Lucas Museum ofNarrative Art located less than half a mile away, only 10 minutes walk or 0.5 miles away ; Exposition Park, the California Science Center, thehistoric Rose Garden, BMO Stadium, and the Expo Line Metro Station offering convenient access from Downtown Los Angeles to Santa Monica .Theproperty also provides easy access to major freeways and public transportation, further strengthening its long-term desirability and tenantdemand .Adding to its exceptional appeal, the property is sitting in a 9,894 sq ft lot and it will be delivered almost vacant, offering investors a rareopportunity to immediately reposition the property, establish market rents, and maximize future income potential .This is an outstandingopportunity to acquire a well-located multifamily asset in one of Los Angeles’ most dynamic and transformative​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​​​‌​​​‌‌​​​‌‌‌​​​ neighborhoods.

Additional Information

Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Water
Public
Attached Structure
Detached
Number Of Units Total
5
Gross Scheduled Income
$165,132
Operating Expense
42235

Listing courtesy of Listing Agent: Marina Burgos (MarinaBurgos@ParkRegency.com) from Listing Office: Park Regency Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.