1952 39th Street, Los Angeles, CA 90062
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- MLS#: 25487561 ( )
- Street Address: 1952 39th Street
- Viewed: 1
- Price: $1,575,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1923
- Bldg sqft: 0
- Days On Market: 1
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90062
- Provided by: Dover Management Corp.
- Contact: Douglas Douglas
- DMCA Notice
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DescriptionLocated in Leimert Park, 1952 W 39th Street is a well maintained six unit apartment building. Priced at a 5.23% Cap Rate, the property has upside potential to a 6.8% Cap Rate at market. Multiple capital improvements have been completed recently, including a new roof. The building is professionally managed and will be delivered with two vacancies, allowing a new owner to capture additional upside in rents. Situated in a vibrant and growing area, the property is just minutes from key landmarks such as Exposition Park, home to the California Science Center, Natural History Museum, and the iconic Los Angeles Memorial Coliseum. The University of Southern California (USC) is also nearby, offering a steady demand for housing. Additionally, the renowned Shrine Auditorium and the Crypto.com Arena (formerly Staples Center) are just a short drive away, making this an ideal location for both residents and investors.
Property Location and Similar Properties
Features
Building Area Total
- 3178.00
Cooling
- None
Country
- US
Heating
- Natural Gas
Levels
- One
Netoperatingincome
- 21109.00
Parcel Number
- 5035020012
Parking Features
- None
Postalcodeplus4
- 1022
Sourcesystemkey
- 25-487561:CLAW
Totalexpenses
- 18895.00
Year Built
- 1923
Zoning
- LAR1