$1,575,000
6 Bed
6 Bath
3,178
0.16 Acre Lot

1952 W 39th Street, Los Angeles, California 90062

  • Residential Income Property Type
  • 3,178 Square Footage
  • None Cars Garage
  • 1923 Year 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.

Basic Details
Residential Income
For Sale
25487561
$1,575,000
6
6
3,178
1923
0.16 Acre
Active
Features
: Natural Gas
: None
: None
$0
Address Map
CA
Los Angeles
Los Angeles
90062
39th
1952
Street
W119° 40' 59.1''
N34° 0' 51.7''
Off of 39th and Van Ness
PHHT - Park Hills Heights
W
LAR1
Additional Information
$0
$0
$0
$0
$0
3178
: One
6
2025-01-22
1
Broker/Agent Information
Dover Management Corp.
Douglas Steinriede
Listing Information
CLW-X44193
CLW-X72165
Active
2025-01-30T13:23:09Z
CRMLS
: Standard
2025-01-22T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069