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$ 3,900,000
Est. payment | /mo
22 Beds
24 Baths
10,261 SqFt
$ 3,900,000
Est. payment | /mo
22 Beds
24 Baths
10,261 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,261 sqft
Price per Sqft $380
MLS Listing ID 26653855
Bedrooms 22
HOA Y/N No
Year Built 2019
Lot Size 0.255 Acres
Property Description
We are pleased to present an eight (8) unit apartment building located at 1271 West 39th Place in Los Angeles, California. The subject property is located in a prime South LA location in Exposition Park, south of Exposition Boulevard and west of Vermont Avenue. Located adjacent to USC, this 2020-built property offers an excellent unit mix of one (1) one-bedroom, one (1) two-bedroom, and six (6) three-bedroom units. Each unit features in-unit washer and dryer, energy-efficient central HVAC, stainless steel appliances with refrigerator included, and two tandem parking spaces. The fully gated and security-monitored property also includes a vacant 400 square foot space with potential for ADU conversion, gym, or storage income. The asset benefits from direct access to major corridors including Exposition Boulevard, Normandie Avenue, Western Avenue, Vermont Avenue, and Martin Luther King Jr. Boulevard, and is within close proximity to USC Village, BMO Stadium, the Natural History Museum, and the California Science Center. Overall, the combination of 2020 new construction, a prime USC adjacent location, and the additional upside potential from the vacant 400 square foot space presents a compelling investment opportunity to own a newer construction property with an option to get higher rents by renting to USC students.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Covered, Gated
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5037007019
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap #01772495
Nearby Locations