5-Unit Apartment
For Sale
$1,750,000
1134 W 39th, Los Angeles, CA 90037
Multifamily property with varied floor plans and three units delivered vacant.
Property Size5,726 SF
Lot Size0.23 Acres
Days on Market19
Property Features for 1134 W 39th
General Information
Standard status
Active
Size
5,726 SF
Lot size
0.23 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 2 x 5BR/2BA, 1 x 4BR/2BA, 1 x 3BR/1BA
Multifamily Units
5
Building Details
Building Size
5,726 SF
Year Built
1972
Stories
2
Units
5
Listing Agency:
Park Regency Realty
Listed By:
Marina Burgos · License #01818048
(818) 312-4291
Source:
Elliman
Added: Sep 19
Changed: Sep 25
Last Checked: Oct 7 at 12:16PM
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 Park Regency Realty
Investment Insights
Based on property information with market context.
This five-unit apartment property at 1134 W 39th in Los Angeles offers a varied residential configuration: one 2-bedroom, 1-bathroom unit, two 5-bedroom, 2-bathroom units, one 4-bedroom, 2-bathroom unit, and one 3-bedroom, 1-bathroom unit. Three units will be delivered vacant, providing flexibility for an incoming owner to establish occupancy and leasing plans. The property was built in 1972 and occupies a 9,894-square-foot lot.
The building is located in Exposition Park, approximately a 10-minute walk from the University of Southern California. Nearby destinations include the Los Angeles Memorial Coliseum, Lucas Museum of Narrative Art, Exposition Park, California Science Center, Rose Garden, and BMO Stadium. The Expo Line Metro Station provides rail access between Downtown Los Angeles and Santa Monica, while nearby freeways and public transportation support regional connectivity. WalkScore is 73, TransitScore is 68, and BikeScore is 70.
The building is located in Exposition Park, approximately a 10-minute walk from the University of Southern California. Nearby destinations include the Los Angeles Memorial Coliseum, Lucas Museum of Narrative Art, Exposition Park, California Science Center, Rose Garden, and BMO Stadium. The Expo Line Metro Station provides rail access between Downtown Los Angeles and Santa Monica, while nearby freeways and public transportation support regional connectivity. WalkScore is 73, TransitScore is 68, and BikeScore is 70.
Key Highlights
- Five‑unit apartment property with three units delivered vacant
- Unit mix includes one 2‑bedroom, two 5‑bedroom, one 4‑bedroom, and one 3‑bedroom unit
- Unit configurations range from 1‑bathroom to 2‑bathroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,030
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,700,600
$1.7M
Cap Rate 7%
$1,214,714
$1.2M
Cap Rate 9%
$944,778
$944.8K
Market Conditions
NOI Build-Up for 5,726 SF
Gross rent
$155.7K $27.19/SF
− Vacancy
−$1.1K −$0.19/SF
EGI
$154.6K $27.00/SF
− OpEx
−$69.6K −$12.15/SF
NOI
$85.0K $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%
$1,700,600
Cap Rate 7%
$1,214,714
Cap Rate 9%
$944,778
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,030 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,056 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with varied floor plans and three units delivered vacant.
Where is this apartment building located?
The property is located at 1134 W 39th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five‑unit apartment property with three units delivered vacant; Unit mix includes one 2‑bedroom, two 5‑bedroom, one 4‑bedroom, and one 3‑bedroom unit; Unit configurations range from 1‑bathroom to 2‑bathroom layouts
