1286 W 39th Place
Los Angeles, CA 90037
- 5 beds
- 5 baths
- 1,384 sqft
- 2,117 sqft lot
- $649 per sqft
- 1921 build
- – on site
Welcome to 1286 W. 39th Place, a beautifully renovated 5-bedroom + 5-bathroom home, perfectly positioned within close proximity to USC and USC Village. This property offers an exceptional investment opportunity with five spacious ensuite bedrooms, each equipped with its own private bathroom, ensuring comfort and convenience for tenants. Over the past five years, this home has been a highly sought-after rental for USC students. Current market rates would allow a savvy investor to rent each bedroom for $1,500/month, for a gross scheduled income of $7,500/month or $90,000/year. The 1,400 square feet of rentable space on a 2,117 square foot lot offers a prime blend of privacy and community living.The property has been meticulously updated to meet modern standards, featuring elegant hardwood floors, sleek stainless steel appliances, and luxurious quartz countertops. The kitchen and bathrooms have been thoughtfully upgraded with contemporary fixtures, including tiled showers with stylish glass enclosures. For added convenience, an in-unit washer and dryer make laundry a breeze. Outdoor spaces include a charming front porch and a spacious, gated backyard/patio area, which offers versatility as a parking area or a private outdoor retreat. The home also features a versatile tiled partial basement, complete with finished walls, lighting, and electricity--perfect for storage or use as a wine cellar. Recent upgrades to the property include a brand-new roof, copper and galvanized plumbing, as well as all-new electrical systems. The property will be delivered fully vacant upon the close of escrow. Don't miss out on this turn-key opportunity to expand your investment portfolio in one of LA's most sought-after rental markets!
Listed By CRMLS_CA / Zachary Tucker / Coldwell Banker Realty
Last checked:
Checking…
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Last updated Sep 4, 2024
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MLS# 24432209 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1921
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New Construction:No
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Architectural Style:See Remarks
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Common Walls:No Common Walls
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Total Number Of Units:5
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Stories Total:1
Interior
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Levels:One
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Flooring:Wood
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Room Type:Basement, Converted Bedroom
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Fireplace:No
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Fireplace:None
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Laundry:Washer Included, Dryer Included
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Laundry:1
Room Dimensions
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Living Area:1384.00
Location
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Directions:North of W. Martin Luther King Jr. Blvd., east of Normandie Ave.
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Latitude:34.01396800
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Longitude:-118.29969500
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:2117.0000
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Lot Size Dimensions:36x58
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Lot Size Acres:0.0486
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Lot Size SqFt:2117.00
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View:None
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:5
Baths
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Total Baths:5
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Full & Three Quarter Baths:5
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Full Baths:5
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5037005010
Heating & Cooling
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Appliances:Dishwasher, Disposal, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Street, Parking Space, Uncovered, Gated, Driveway
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Parking Spaces:1.00
Monthly cost estimate
Asking price
$899,000
Expense | Monthly cost |
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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. |
$4,813
|
Taxes | N/A |
Insurance | $247 |
Utilities | $151 See report |
Total | $5,211/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.
Sale history
Date | Event | Source | Price | % Change |
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8/28/24
Aug 28, 2024
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Listed / Active | CRMLS_CA | $899,000 | 30.3% (12.7% / YR) |
8/17/24
Aug 17, 2024
|
Listed / Active | CRMLS_CA | ||
6/14/24
Jun 14, 2024
|
Listed / Active | CRMLS_CA |
37% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $41k above asking price on average, but some went as high as $171k over asking price.