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.
Last checked:
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Last updated Feb 17, 2025
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MLS# 25484999 —
The Building
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Year Built:1930
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New Construction:No
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Building Area Total:6552.00
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Total Number Of Units:10
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Multi/Split
Location
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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.
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Latitude:34.01398500
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Longitude:-118.30973000
The Property
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Property Type:Residential Income
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Zoning:LAR2
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Lot Size Area:5409.0000
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Lot Size Acres:0.1242
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Lot Size SqFt:5409.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5035017023
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/17/25
Feb 17, 2025
|
Price Changed | CRMLS_CA | $1,550,000 | -3.1% |
|
1/17/25
Jan 17, 2025
|
Listed / Active | CRMLS_CA | $1,600,000 |
