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1166 W 39th Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

1166 W 39th Place, Los Angeles, California 90037 home-pic-0
ACTIVE$1,100,000
1166 W 39th Place, Los Angeles, California 90037
0Bed
0Bath
2,695Sqft
6,793Lot
Year Built
1915
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$408
HOA
-
Days on market
-
Sold On
-
MLS number
CV25185097
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(74th), sqft - 2695(57th), beds - undefined(50th), baths - undefined(50th).

This RD1.5 Two Unit property is prime for development! Located minutes from USC (University of Southern California), the property is in the path of the the EXPANDING Campus. The front unit is a large, classic 3-level home with a huge basement, with mutliple rooms that support independent living. The Detached Rear Unit combined with the current zoning opens the potential to allow 2 new detached ADUs on the premises! Did we mention, it's short walk to one of the Top College Campuses in the world, one of the MOST spectacular museums in the Country, and LA Metro's light rail line. Ultimately, a new owner can reposition this property and inject NEW plans for the future. The potential is there & the location can't be beat if you want to be near the school.

Price History

Date
Event
Price
08/19/25
Listing
$1,100,000
07/30/15
Sold
$405,000
Condition Rating
Poor
The property, built in 1915, is over 100 years old and shows extensive signs of deferred maintenance and severe aging. The exterior has peeling paint and a visibly worn roof. The interior spaces, particularly the kitchen and bathroom, are extremely outdated with old fixtures, worn flooring, and visible disrepair, such as missing cabinet doors in the kitchen. While the listing suggests it's currently livable, it requires substantial repairs and rehabilitation, including major system updates and a complete overhaul of all living spaces, aligning with the 'Poor' condition criteria. The property's value is primarily in its development potential rather than its current habitable state.
Pros & Cons

Pros

Exceptional Development Potential: The RD1.5 zoning and capacity for two new detached ADUs on a 6,793 sqft lot offer significant upside for maximizing density and rental income.
Prime University-Adjacent Location: Situated minutes from USC and within its expanding campus path, ensuring high rental demand and strong appreciation potential from the student and faculty market.
Existing Income-Generating Duplex: Currently configured as a duplex, providing immediate rental income and a solid foundation for further investment and expansion.
Strategic Transit & Amenity Access: A short walk to the LA Metro light rail line and major cultural institutions enhances tenant appeal and convenience.
Classic Architectural Character: The large, classic 3-level home with a huge basement offers unique charm and versatile space, appealing to those seeking character properties with potential for independent living arrangements.

Cons

Significant Renovation & Capital Investment Required: Built in 1915, the property likely requires extensive modernization, repairs, and substantial capital expenditure to realize its full development and income potential.
Potential for Unforeseen Development Costs: While offering development upside, the process of adding ADUs and repositioning an older property can incur unexpected expenses and complexities.
Dated Condition & Systems (Implied): The age of the property suggests that current systems and finishes are likely outdated, necessitating comprehensive upgrades to meet modern living standards and tenant expectations.

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