1623 39th Place, Los Angeles, CA 90062
  • MLS#: 25484999 ( )
  • Street Address: 1623 39th Place
  • Viewed: 1
  • Price: $1,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1930
  • Bldg sqft: 0
  • Days On Market: 1
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90062
  • Provided by: Marcus & Millichap
  • Contact: Sevak Sevak
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 6552.00
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Multi/Split
Netoperatingincome
  1. 102934.00
Parcel Number
  1. 5035017023
Parking Features
  1. None
Sourcesystemkey
  1. 25-484999:CLAW
Totalexpenses
  1. 53545.00
Year Built
  1. 1930
Zoning
  1. LAR2