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1623 W 39th Place

Los Angeles, CA 90062

– beds
– baths
– sqft
5,409 sqft lot
1930 build
– on site

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.

Listed By CRMLS_CA / Sevak Keshishian / Marcus & Millichap

Last checked: Checking… • Last updated Jan 17, 2025 •

MLS# 25484999 —

The Building

Year Built:

1930
New Construction:

No
Building Area Total:

6552.00
Total Number Of Units:

10
# of Buildings:

1
Stories Total:

2

Interior

Levels:

Multi/Split

Location

Directions:

I-10 W exit toward Interstate 10 E/Los Angeles/Santa Monica, Use the left 2 lanes to merge onto I-10 E via the ramp to Los Angeles, Take the Western Ave exit, Follow S Western Ave to W 39th St, Turn right onto S Western Ave, Turn right onto W 39th St., Destination will be on right.
Latitude:

34.01398500
Longitude:

-118.30973000

The Property

Property Type:

Residential Income
Zoning:

LAR2
Lot Size Area:

5409.0000
Lot Size Acres:

0.1242
Lot Size SqFt:

5409.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5035017023

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Sale history

Date	Event	Source	Price	% Change
1/17/25 Jan 17, 2025	Listed / Active	CRMLS_CA	$1,600,000

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This multifamily located in South LA, Los Angeles, CA 90062 is currently for sale for $1,600,000. 1623 W 39th Place is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1623 W 39th Place is in the South LA neighborhood of Los Angeles. This multifamily is in the attendance area of Martin Luther King Jr. Elementary School, Crenshaw Magnets: Science Tech Engineer Math & Medicine, and Barack Obama Global Preparation Academy.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 10:23 on Jan 18.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.