1623 W 39th Pl Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90062
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 6,552 sqft
Price per Sqft $236
MLS Listing ID 25-484999
Bedrooms 10
Year Built 1930
Lot Size 5,409 Sqft
Acres 0.1242
Property Sub-Type Multi-Family
Property Description
We are proud to present the opportunity to acquire a 10-unit multifamily property in the highly desirable Exposition Park neighborhood of South Los Angeles. Built in 1930, this property features a unit mix of (10) 1Bed/1Bath units, totaling 6,552 rentable square feet on a 5,409 square foot lot. The property benefits from individual gas and electric metering, reducing operating expenses and increasing efficiency for an owner. With (5) units currently vacant, this asset presents investors an opportunity to achieve market rents and stabilize quickly. The remaining (5) occupied units have an average rent of $952, offering potential for increased income through tenant turnover or negotiated relocations. Though there is no on-site parking, its central location ensures accessibility for tenants utilizing public transit and nearby amenities. The building is ideally situated near the University of Southern California (USC), the Los Angeles Memorial Coliseum, Banc of California Stadium, and numerous employment and entertainment hubs, ensuring strong rental demand.
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features None
Building
Story 2
Level or Stories Multi/Split
Others
Special Listing Condition Standard