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1075 W 39th St
Los Angeles, CA 90037 South Central LA

$4,300,000 USD

Apartments For Sale • 16,522 SF

Property Details

Property Type Apartments
Total Building Size 16,522 SF
Lot Size 0.51 AC
Building Class C
Year Built 1959
Cap Rate 6.17 %
Zoning LAR3

80 Transit Score

60 Walk Score

                
                    Highlights
                
                                Excellent unit mix of 24 2-Bedrooms and 4 1-Bedroom Units
                            
                                Large front parking lot with 13 tandem and 12 single spaces (Total of 38)
                            
                                New George Lucas Museum several hundred feet away
                            
                                Going-in Cap Rate of 6.17% | Upside to 10.56%
                            
                                USC adjacent | Potential conversion to student housing.

Cap Rate:

6.17 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Build Right La
Westland - Westland at 39th

Amenities

Fenced Lot

Public Transportation

Transit/Subway	Drive	Walk	Distance
Expo/Vermont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	-	6 min	0.3 mi
Expo Park/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	5 min	9 min	0.5 mi
Jefferson/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	16 min	0.7 mi
Expo/Western (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Los Angeles International	20 min	-	15.4 mi
Bob Hope	25 min	-	20.0 mi
Long Beach (Daugherty Field)	25 min	-	23.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Peter Strauss 310-993-7600 The Mogharebi Group

1075 W 39th St Los Angeles, CA 90037 South Central LA