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1615 W 39th Place, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

1615 W 39th Place, Los Angeles, California 90062 home-pic-0
ACTIVE$599,000
1615 W 39th Place, Los Angeles, California 90062
0Bed
0Bath
1,721Sqft
5,410Lot
Year Built
1914
Close
-
List price
$599K
Original List price
$630K
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
DW25143178
Home ConditionPoor
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $599.0K(11th), sqft - 1721(28th), beds - undefined(50th), baths - undefined(50th).

** MOTIVATED SELLER**Excellent Investment Opportunity** 3-Units in a prime area of Los Angeles**Property is a fixer upper, Needs TLC. This property features a side-by-side duplex (each unit 1 bedroom, 1 bathroom) plus a detached rear unit with 1 bedroom and 1 bathroom. Front Units are sizable and great for conversion to two-bedrooms. The combined living area is approximately 1,721 sq. ft. on a 5,410 sq. ft. R2-zoned lot. An ideal opportunity for investors or owner-occupants. Located near major Los Angeles destinations, including close proximity to schools, parks, shopping, and public transportation just a few miles from University of Southern California. Please do not disturb occupants!! Tenants are currently under Month-to-Month contracts.

Price History

Date
Event
Price
10/21/25
Sold
$510,000
05/24/24
Sold
$545,000
10/23/23
Sold
$535,000
Condition Rating
Poor
Built in 1914, this property is explicitly described as a 'fixer upper' needing 'TLC' and 'extensive renovation.' The images confirm this, showing severely outdated and worn interiors. The kitchen features original or very old cabinetry, an ancient sink, and worn tile flooring, indicating a renovation (if any) from 30-50+ years ago, or original components. There are no modern appliances visible. Other interior spaces show dark, worn wooden floors, dirty walls, and old light fixtures. Major systems (electrical, plumbing, HVAC) are highly likely to be original or very old, requiring substantial upgrades. The property requires significant rehabilitation to meet modern living standards and comfort.
Pros & Cons

Pros

Multi-Unit Income Potential: The property is a triplex (3 units) offering immediate rental income and strong investment potential in a desirable Los Angeles market.
Prime Los Angeles Location: Situated in a prime area of Los Angeles, close to USC, major destinations, schools, parks, shopping, and public transportation, enhancing its appeal and rental demand.
Development & Value-Add Opportunity: R2 zoning and sizable front units offer potential for conversion to 2-bedroom units, increasing rental income and property value.
Motivated Seller & Price Adjustment: The seller is motivated, and the price has been reduced from the original listing, indicating potential for a favorable purchase price.
Flexible Tenancy: Current tenants are on month-to-month contracts, providing flexibility for a new owner to implement renovation plans or adjust occupancy.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-10-21. The sold price is $510,000.00.
Extensive Renovation Required: Described as a 'fixer upper' needing 'TLC,' indicating significant renovation costs and effort will be required to bring it to market standards.
Historic Property Maintenance: Built in 1914, the property is likely to have outdated systems and require substantial maintenance and upgrades to meet modern standards and codes.
Occupancy & Tenant Management: The property is currently occupied by tenants on month-to-month leases, which may complicate immediate renovation plans or owner-occupancy, and requires careful tenant management.

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