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Located in Leimert Park, 1952 W 39th Street is a well-maintained six-unit apartment building. Priced at a 5.23% Cap Rate, the property has upside potential to a 6.8% 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.
Property Type(s):
Residential Income
| Last Updated | 1/22/2025 | Year Built | 1923 |
|---|---|---|---|
| Community | Park Hills Heights | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Park Hills Heights |
| GARAGE | None |
| HEAT | Natural Gas |
| LOT | 7167 sq ft |
| PARKING | None |
| STORIES | 1 |
| ZONING | LAR1 |
Location
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Listed with Dover Management Corp.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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