Los Angeles, CA 90037 1191 W 39th Place
$925,000
Sold: May 16, 2025



6 more







Presented By: Jason Tuvia with Marcus & Millichap;
Home Details
We are pleased to present a six (6) unit apartment building located at 1191 W 39th Place in Los Angeles, California. The subject property is located in a great South LA location, south of Exposition Boulevard and east of Normandie Avenue. 1191 W 39th Place is a charming 6-unit bungalow-style apartment community located directly adjacent from Exposition Park/USC. Built in 1928, this character-rich property features six (6)1-bedroom/1-bathroom units. Two units will be delivered vacant at close, giving investors the rare opportunity to bring in market rents from day one. The standalone bungalow-style units are highly sought after by tenants, offering privacy and charm rarely found in larger multifamily buildings. The surrounding neighborhood is experiencing a surge of new development bordered by the newly built George Lucas Museum, expansion of Expo Park, and newly residential apartment buildings at 1249 W 39th Pl and 1271 W 39th Pl. This area is poised for even greater growth, making it an attractive investment opportunity in the South LA area. Situated in a great South LA Location, this property offers investors a unique opportunity to capitalize on a 40% rental upside potential, allowing for substantial income growth and a strong return on investment as the area continues to appreciate.
Presented By: Jason Tuvia with Marcus & Millichap;
General for 1191 W 39th Place
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
Close Price925000.0
CountyLos Angeles
Directionssouth of Exposition Blvd and east of Normandie Ave
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income91845.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet11060.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income50640.0
New ConstructionNo
Number Of Units Total6
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories1
Waterfront Y/NNo
Year Built1928
ZoningLAR3
Interior for 1191 W 39th Place
1/4 Baths
3/4 Baths
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Half Baths0
Heating Y/NNo
Total Baths6
Total Bedrooms6
Total Stories0
Exterior for 1191 W 39th Place
Building Area Total3912.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2539
Lot Size Area11060.0
Number of Buildings4
Open Parking Y/NNo
Parking FeaturesUnassigned
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History

Limor Zamir
Realtor®