1952 W 39Th Street

Los Angeles, CA 90062

$1,575,000

List Price

6

bed Beds

6

shower Baths

3,178 sqft

straighten / sqft

1923

calendar_month Built

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.

Listing Information

List Price $1,575,000
Status Active
MLS 25487561
Type Residential Income
Year Built 1923
Lot Size 7,167
Structure Size 3,178
DOM 1
Courtesy Of Dover Management Corp.
Listing Agent Douglas Steinriede DRE#00284936

Interior Features

Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 6
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Douglas Steinriede, Dover Management Corp. 818-843-5200. *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.