$1,550,000
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1623 39th Place Los Angeles, CA 90062
Cluster
Residence
10
Beds
10
Baths
...
Bed/Bath
6,552
Sq. Ft.
Property Activity
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days
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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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MLS#
25484999
Property Type
Cluster
Bedrooms
10
Bathrooms
Year Built
1930
Square Feet
6,552
sq. ft
Lot Size
0.12
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