1615 W 39th Place, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$635,000
1615 W 39th Place, Los Angeles, California 90062
0Bed
0Bath
1,721Sqft
5,410Lot
Year Built
1914
Close
-
List price
$635K
Original List price
$675K
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
PW25036247
Home ConditionPoor
Features
Patio
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $635.0K(19th), sqft - 1721(31th), beds - undefined(50th), baths - undefined(50th).
One unit is vacant. PRIME LOCATION * * 3-UNITS!!! Side to Side DUPLEX 1- Bedroom 1- Bath each and a Back house 1-bedroom 1-bath. Total living Sq. Ft. 1,721. Lot size 5,410 Sq. Ft. (R-2) Centrally located close to the University of Southern California, Banc of California Stadium, Exposition Park and Los Angeles Memorial Coliseum. ASK YOU lender about 5% down owner occupied. Remaining 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 over a century old with no evidence or mention of significant recent renovations. The exterior, as seen in the images, appears dated and shows signs of wear, including a cracked driveway and older roofing. The listing's own analysis highlights 'Advanced Age and Condition' and the likelihood of 'significant capital expenditure for system upgrades, modernization, and deferred maintenance.' Without interior photos, it's highly probable that kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are severely outdated, beyond their expected lifespan, and require substantial repairs and rehabilitation to meet current standards.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering three distinct units for rental income, ideal for investors or owner-occupants seeking supplementary revenue.
Prime Los Angeles Location: Centrally located near the University of Southern California, Banc of California Stadium, Exposition Park, and Los Angeles Memorial Coliseum, ensuring high rental demand.
Immediate Vacancy for Flexibility: One unit is currently vacant, providing immediate opportunity for an owner-occupant or allowing for market-rate rent adjustment without tenant turnover delays.
Flexible Lease Terms: Remaining tenants are on month-to-month contracts, offering flexibility for future rent increases, property management changes, or potential unit renovations.
Recent Price Reduction: The list price has been reduced from $675,000 to $635,000, potentially indicating a motivated seller and a more attractive value proposition for buyers.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-10-21. The sold price is $510,000.00.
Advanced Age and Condition: Built in 1914, the property is over a century old, suggesting a high likelihood of requiring significant capital expenditure for system upgrades, modernization, and deferred maintenance.
Small Unit Configuration: All three units are 1-bedroom, 1-bath, which may limit the tenant demographic and potential rental income compared to properties with larger unit configurations.
Aggressive Pricing Relative to Past Sales: The current list price of $635,000 is notably higher than recent past sales (e.g., $545,000 in May 2024), which may require strong justification or further market appreciation to support the value.