1191 W 39th Place, Los Angeles, CA 90037 - Berkshire Hathaway HomeServices California Properties

1191 W 39th Place, Los Angeles, CA 90037

$925,000 Approx. USD 6 beds, 6 baths
3,912 sqft

Listing Agent


Jason Tuvia | jtuvia@marcusmillichap.com
Lic#: 01772495
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are pleased to present a six (6) unit apartment building located at 1191 W 39th Place in Los Angeles, California. The subject property is located in a great South LA location, south of Exposition Boulevard and east of Normandie Avenue. 1191 W 39th Place is a charming 6-unit bungalow-style apartment community located directly adjacent from Exposition Park/USC. Built in 1928, this character-rich property features six (6)1-bedroom/1-bathroom units. Two units will be delivered vacant at close, giving investors the rare opportunity to bring in market rents from day one. The standalone bungalow-style units are highly sought after by tenants, offering privacy and charm rarely found in larger multifamily buildings. The surrounding neighborhood is experiencing a surge of new development bordered by the newly built George Lucas Museum, expansion of Expo Park, and newly residential apartment buildings at 1249 W 39th Pl and 1271 W 39th Pl. This area is poised for even greater growth, making it an attractive investment opportunity in the South LA area. Situated in a great South LA Location, this property offers investors a unique opportunity to capitalize on a 40% rental upside potential, allowing for substantial income growth and a strong return on investment as the area continues to appreciate.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 25523615
Price: $925,000
Beds: 6
Baths: 6
Built in 1928
3,912 sqft
1 story
0.25 acres
Lot size: 0.2539
County: Los Angeles
Zoning: LAR3
Parking description: Unassigned
MLS area: C34 - Los Angeles Southwest

Last Updated: 4/23/2025

 Days On Market (DOM): 13

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 34.014511, -118.297214.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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