1952 W 39th St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90062
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,178 sqft
Price per Sqft $495
MLS Listing ID 25-487561
Bedrooms 6
Year Built 1923
Lot Size 7,167 Sqft
Acres 0.1645
Property Sub-Type Multi-Family
Property Description
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.
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAR1
Rooms
Other Rooms None
Interior
Heating Natural Gas
Cooling None
Equipment Range/Oven
Exterior
Parking Features None
Building
Level or Stories One
Others
Special Listing Condition Standard