1952 W 39Th Street, Los Angeles, CA 90062
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Listed Price :
$1,575,000
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Beds :
6
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Baths :
6
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Property Size :
3,178 sqft
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Year Built :
1923
Property Description
Located in Leimert Park, 1952 W 39th Street is a well-maintained six-unit apartment building. Priced at a 4.13% Cap Rate with both units occupied, the property has upside potential to a 5.71% 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.
Interior Features
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
6 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1952 W 39Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90062 |
| County |
Los Angeles |
| Listing Agent |
Douglas Steinriede DRE #00284936 |
| Courtesy Of |
Dover Management Corp. |
| List Price |
$1,575,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,178 |
| Lot Size |
7,167 |
| Year Built |
1923 |
Listing information courtesy of: Douglas Steinriede, Dover Management Corp.. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 23rd, 2025 at 1:28 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
