1165 W 39th St - Apartments FOR SALE


Los Angeles, CA 90037
$3,199,000 USD
424-600-7633
1165 W 39th St, Los Angeles, CA for Sale
$3,199,000 USD
Apartments - FOR SALE
1/24
null | 5.94% Cap Rate

1165 W 39th St
Los Angeles, CA 90037


HIGHLIGHTS

  • Not Subject to Rent Control - No Affordable Units
  • Brand New Construction - 2 Buildings - 5 Large Units - 13 Bedrooms + 2 Dens that can be used as bedrooms
  • Near USC and Exposition Park. Half a Mile to E/Expo Metro Station
  • Perfect for Students, Teachers, Employees - Rent by the Room - High USC Demand Area
  • Strong Cashflow at Market Rents
  • Opportunity Zone

OVERVIEW

REDUCED! 3 Units Rented! Partners CRE is proud to exclusively present for sale a 100% Brand New Construction, Non-Rent-Controlled 5 Unit Residential Building in the USC area! The property features only Market Rate units with no RSO, and would command strong cash flow at market rents, with a large pool of USC Students as potential tenants! With carefully designed layouts allowing for the renting of units by the room, this property boasts 13 Bedrooms + 2 Dens (could be used as bedrooms) and 6,135 SF of rentable square footage. The units all have open great rooms with Kitchen and Dining areas, they all have washers and dryers, air conditioning. The four larger units are townhouse-style and each have direct access to their own individual rooftop decks. There are outlets for Electric Vehicles and four sets of Solar Panels on the roofs. Perfect for students (rent as a group or by the room!), teachers, employees…everyone. There are six parking spaces on site (four in the back and two tandem spaces in the drive way in the front) with the possibility of two more in front of the building. Or walk half a mile to the E / Expo Metro Subway station and head to the beach, Downtown LA, or connect to the rest of Southern California. The property is walking distance to USC, Exposition Park (with the Natural History Museum, the new Lucas Museum of Narrative Art, BMO Stadium, the LA Memorial Coliseum…), The Shops at USC Village and much more. Income information listed is Pro Forma. Property currently in lease-up.

FOR SALE DETAILS

PRICE

$3,199,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

5

PRICE/UNIT

$639,800

CAP RATE

5.94%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REDUCED! USC-Area 5 Brand New Large Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RD1.5

APN/PARCEL ID

5037-010-033

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.