Located in Leimert Park, 1952 W 39th Street is a well-maintained six-unit apartment building. Priced at a 4.13% Cap Rate with both units occupied, the property has upside potential to a 5.71% Cap Rate at market. Multiple capital improvements have been completed recently, including a new roof. The building is professionally managed and will be delivered with two vacancies, allowing a new owner to capture additional upside in rents. Situated in a vibrant and growing area, the property is just minutes from key landmarks such as Exposition Park, home to the California Science Center, Natural History Museum, and the iconic Los Angeles Memorial Coliseum. The University of Southern California (USC) is also nearby, offering a steady demand for housing. Additionally, the renowned Shrine Auditorium and the Crypto.com Arena (formerly Staples Center) are just a short drive away, making this an ideal location for both residents and investors.
Property Details
Price:
$1,575,000
MLS #:
25487561
Status:
Active
Baths:
0
Address:
1952 W 39th Street
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jan 22, 2025
State:
CA
ZIP:
90062
Lot Size:
7,167 sqft / 0.16 acres (approx)
Year Built:
1923
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Schools
Interior
Cooling
None
Heating
Natural Gas
Exterior
Parking Features
None
Parking Spots
0.00
Financial
Map
Community
- Address1952 W 39th Street Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062
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1952 W 39th Street
Los Angeles, CA
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