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1943 W 39th Street, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

1943 W 39th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$907,000
1943 W 39th Street, Los Angeles, California 90062
0Bed
0Bath
2,520Sqft
5,146Lot
Year Built
1923
Close
-
List price
$907K
Original List price
$907K
Price/Sqft
$360
HOA
-
Days on market
-
Sold On
-
MLS number
SR24192979
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $907.0K(56th), sqft - 2520(69th), beds - undefined(50th), baths - undefined(50th).

Welcome to this fantastic investment opportunity This well maintained quadruples feature four spacious unit each boasting two bedroom and one bathroom. Perfectly situated near shopping and 8 minutes from major university in the area. Each unit comes with its own dedicated parking space, providing convenience . The layout is designed to maximize space and natural light creating an inviting atmosphere for residents to come home to. Additionally, there are exciting plans in place for an Accessory Dwelling unit ( ADU) with additional 1400 square feet , two units, and a laundry room. for additional income. The Potential for further development , quadruplex is a smart investment or those looking capitalize on n the thriving rental market. This quardruplex is to be sold together with duplex located at 3886 S Van Ness. property *1031 Exchange

Price History

Date
Event
Price
04/30/02
Sold
$288,000
12/14/01
Sold
$155,000
Condition Rating
Fair
The property was built in 1923. The images show that the units are aged but maintained. The kitchens and bathrooms appear functional but outdated. While the property is described as well-maintained, the age suggests it requires minor updates or repairs to modernize it. The description mentions potential for ADU development, implying the existing structure is not newly renovated.
Pros & Cons

Pros

Income Potential: The property is a quadruplex with four units, providing a strong income stream in a thriving rental market.
Development Opportunity: Approved plans for an Accessory Dwelling Unit (ADU) with additional units and a laundry room offer significant potential for increased income and property value.
Prime Location: The property is conveniently located near shopping and a major university, making it attractive to renters.

Cons

Age of Property: Built in 1923, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Additional Purchase Required: The quadruplex is to be sold together with a duplex located at 3886 S Van Ness, potentially increasing the initial investment.

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