8-Unit Apartment
For Sale
$795,000
Pending
1094 W 39th, Los Angeles, CA 90037
Eight one-bedroom residences occupy a single parcel near the Los Angeles Memorial Coliseum and University of Southern California.
Property Size4,800 SF
Days on Market50
Property Features for 1094 W 39th
General Information
Standard status
Pending
Size
4,800 SF
Property subtype
Apartment
Site & Location
Neighborhood
South Los Angeles
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Building Details
Building Size
4,800 SF
Year Built
1924
Listing Agency:
Flans & Weiner, Inc.
Listed By:
Larry Weiner · License #00945753
(818) 501-4888
Source:
Benbelack
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 27 at 1:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flans & Weiner, Inc.
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Investment Insights
Based on property information with market context.
This multifamily property consists of 8 homes arranged on one lot, with each residence offering 1 bedroom and 1 bathroom. Seven units are vacant, while 1 unit is occupied. The property is currently subject to REAP and has recorded substandard conditions.
The site is near the Los Angeles Memorial Coliseum and the University of Southern California. Buyers considering redevelopment or changes to the existing improvements should verify current building restrictions and requirements with the city.
The site is near the Los Angeles Memorial Coliseum and the University of Southern California. Buyers considering redevelopment or changes to the existing improvements should verify current building restrictions and requirements with the city.
Key Highlights
- 8 homes on 1 lot
- Each unit includes 1 bedroom and 1 bathroom
- 7 units are vacant; 1 unit is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,279
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,580
$1.4M
Cap Rate 7%
$1,018,271
$1.0M
Cap Rate 9%
$791,989
$792.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$130.5K $27.19/SF
− Vacancy
−$914 −$0.19/SF
EGI
$129.6K $27.00/SF
− OpEx
−$58.3K −$12.15/SF
NOI
$71.3K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,580
Cap Rate 7%
$1,018,271
Cap Rate 9%
$791,989
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$891.0K – $1.19M
NOI $71,279 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,657 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom residences occupy a single parcel near the Los Angeles Memorial Coliseum and University of Southern California.
Where is this apartment building located?
The property is located at 1094 W 39th Los Angeles, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 8 homes on 1 lot; Each unit includes 1 bedroom and 1 bathroom; 7 units are vacant; 1 unit is occupied
