1286 W 39th Place Los Angeles, CA ^$ 925,000

1286 W 39th Place

^$ 925,000

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Recently Listed

1286 W 39th Place

Los Angeles, CA, 90037

^$ 925,000

Bedrooms5 Baths5.0 Sq 1,384

Monthly Estimate*

^$ 6,461

Listed by Carolwood Estates

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Multi-Family Home for sale in Los Angeles, CA

for $925,000 with 5 bedrooms and 5 full baths. This 1,384 square foot home was built in 1921 on a lot size of 0.0486.

We are pleased to offer the opportunity to acquire this 5-bedroom + 5-bathroom co-living/ student housing investment, located just blocks to the University of Southern California (USC). The property has been completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, and an in-unit washer & dryer. The building is approximately 1,400 rentable SF on a 2,117 SF lot, and will be delivered vacant upon the close of escrow. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.

Multi-Family Active

Price

^$ 925,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.0486

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24382563

Days on Market

Features

General

Appliances Dishwasher Refrigerator Dryer Washer

Zoning LARD1.5

Year Built 1921

Tenant Pays Electricity Gas TrashCollection Water

Stories 1

Levels One

Gross Income 78000.0

County Los Angeles

Net Operating Income 64708.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 1286 W. 39th Place Los Angeles 90037

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area C34 - Los Angeles Southwest

Lot Size Square Feet 2117.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 39th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Occupancy Description Vacant

Cap Rate 7.0

Exterior

Parking Features None

Total Parking 1.0

Lot Size Area 2117.0

Number of Buildings 1

Spa N

Building Area Total 1384.0

Lot Dimensions 36x58

Lot Size Acres 0.0486

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Place

Total Bedrooms 5

Electric On Property Y/N N

Total Baths 5

Internal Only

Street Number 1 1286

* Excluded Features

List By

Carolwood Estates

Broker

(310) 402-8958

Phone

Affordability Calculator

$6,461

Per Month

Monthly Principal & Interest: $6,461
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,994,800

Percent of Sale Price 116%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$925,000		Listed Price

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1286 W 39th Place, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $925,000 with 1,384 sqft and a lot size of 0.0486. 1286 W 39th Place has 5 bedrooms, 5.0 baths, and was built in 1921. The property's zip code is 90037 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/4/2024. 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.

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1286 W 39th Place

Multi-Family Home for sale in Los Angeles, CA

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