1217 W 39th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$780,000
1217 W 39th Street, Los Angeles, California 90037
0Bed
0Bath
2,369Sqft
5,254Lot
Year Built
1928
Close
-
List price
$780K
Original List price
$780K
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
DW25066974
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $780.0K(30th), sqft - 2369(43th), beds - undefined(50th), baths - undefined(50th).
Great investment opportunity in a prime Los Angeles location! This multifamily property features three units across two buildings, offering 2,369 sq. ft. of living space on a 5,271 sq. ft. lot. Located near **USC, the LA Memorial Coliseum, BMO Stadium, and close to the soon to be Lucas Museum of Narrative Art**, this property is perfect for someone looking for rental income. Easy access to shopping, dining, major freeways, and public transportation which is super convent. Situated within Don't miss this chance to own in a thriving, high-demand area!
Condition Rating
Poor
Built in 1928, this property exhibits significant age and wear on its exterior. The complete lack of interior images, especially for kitchens and bathrooms, strongly indicates these areas are severely outdated, in poor condition, or require full renovation. The property analysis confirms the likelihood of outdated systems (plumbing, electrical, HVAC) and the need for substantial capital expenditure and rehabilitation to meet current living standards and tenant expectations.
Pros & Cons
Pros
Strong Investment Potential: This multifamily triplex is explicitly marketed as a 'Great investment opportunity' and 'perfect for someone looking for rental income', offering multiple revenue streams.
Prime & High-Demand Location: Situated in a 'prime Los Angeles location' and a 'thriving, high-demand area', which typically ensures strong rental demand and appreciation potential.
Proximity to Key Demand Drivers: Located near major institutions and attractions such as USC, LA Memorial Coliseum, BMO Stadium, and the upcoming Lucas Museum of Narrative Art, attracting a consistent tenant pool.
Excellent Accessibility: Offers 'Easy access to shopping, dining, major freeways, and public transportation', enhancing convenience for tenants and desirability.
Multifamily Configuration: As a triplex across two buildings, it provides diversified income streams and potentially higher cash flow compared to single-unit properties.
Cons
Advanced Age of Property: Built in 1928, the property is likely to have outdated systems (plumbing, electrical, HVAC) and may require significant capital expenditure for renovations and deferred maintenance.
Lack of Specific Unit Details: The description lacks crucial information regarding individual unit configurations, current rental income, or specific condition, necessitating extensive due diligence for potential investors.
No Mention of Modern Upgrades: The listing does not highlight any recent renovations or modern updates, suggesting the property may require substantial investment to meet contemporary tenant expectations and maximize rental value.