1234 W 39th Place
Los Angeles, CA 90037
- 16 beds
- 16 baths
- 8,375 sqft
- 6,755 sqft lot
- $155 per sqft
- 1913 build
- – on site
Delivered RTI -- Presenting an exceptional development opportunity with Ready-To-Issue (RTI) permits, located in the highly coveted USC/Exposition Park neighborhood. This site includes pre-approved RTI plans for a 6-unit student housing complex, in one of Los Angeles' most vibrant and rapidly growing areas. The plans feature two townhome-style buildings, each three stories high, along with an additional two-story building at the rear. The layout offers a great mix of unit types: the front building contains two townhomes, each with 3 bedrooms and 3 bathrooms; the middle building includes two townhomes, each with 4 bedrooms and 4 bathrooms; and the rear building consists of two 1-bedroom, 1-bathroom ADU's, with the potential to add more bedrooms due to available spaces. All units are thoughtfully designed to optimize both space and comfort. The property is ideally located near USC where newly constructed properties are consistently sold at premium prices or fully leased upon completion. The plans have been thoroughly vetted and are ready for immediate issuance, eliminating the typical delays associated with project approvals. With SB-8 in effect, fewer new constructions are underway, making properties like this an even rarer and more sought-after asset. This presents a unique opportunity to invest in a fully planned housing development in one of Los Angeles' most dynamic neighborhoods. Just down the street from Exposition Park, home to numerous stadiums and museums, a half-billion-dollar project is set to be completed before the upcoming Olympics. Whether you're an investor or a developer, this project offers the potential for significant returns in an exceptionally desirable location.
Last checked:
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Last updated Mar 27, 2025
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MLS# 25515653 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1913
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New Construction:No
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Architectural Style:Mid Century Modern
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Stories Total:1
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Common Walls:No Common Walls
Interior
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Levels:One
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Flooring:Wood
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Living Area Source:Plans
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Fireplace:No
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Fireplace:None
Room Dimensions
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Living Area:8375.00
Location
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Directions:East of Normandie, West of Coliseum/Exposition Park
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Latitude:34.01385700
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Longitude:-118.29853000
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:LARD1.5
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Lot Size Area:6755.0000
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Lot Size Dimensions:50x135
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Lot Size Acres:0.1551
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Lot Size SqFt:6755.00
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View:None
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:16
Baths
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Total Baths:16
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Full & Three Quarter Baths:16
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Full Baths:16
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5037005003
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:2.00
Monthly cost estimate
Asking price
$1,299,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,955
|
| Taxes | N/A |
| Insurance | $357 |
| Utilities | $345 See report |
| Total | $7,657/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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3/27/25
Mar 27, 2025
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Listed / Active | CRMLS_CA | $1,299,000 | |
|
3/6/25
Mar 6, 2025
|
Listed / Active | BRIDGE |
31% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $80k above asking price on average, but some went as high as $451k over asking price.
