Five-Unit Multifamily
1134 West 39th Street Los Angeles, CA 90037
1134 West 39th Street, Los Angeles, CA, 90037
$1,995,000
For Sale
$1,995,000
Five-unit apartment building with large 2- to 5-bedroom layouts near USC and Exposition Park.
Property Size5,726 SF
Lot Size0.23 Acres
Price / SF$348.41
Days on Market84
Property Features for 1134 West 39th Street
General Information
- Standard status
- Active
- Size
- 5,726 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1972
Listing agency
Park Regency Realty
(818) 312-4291
Listed by
Marina Burgos · License #01818048
(818) 312-4291
Source
Compass
Added: Apr 29 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 8:07AM
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 is a five-unit multifamily property featuring a versatile unit mix: one 2-bedroom/1-bath unit, two 5-bedroom/2-bath units, one 4-bedroom/2-bath unit, and one 3-bedroom/1-bath unit. The large unit configurations can support a variety of household types, including student housing and traditional multifamily rental strategies. The property sits on a 9,894 sq ft lot and will be delivered almost vacant, giving a buyer the opportunity to reposition the asset and establish new market rents.
Located in the heart of Exposition Park, the building is described as about a 10-minute walk to the University of Southern California. It is also near major area destinations including the Los Angeles Memorial Coliseum and the Lucas Museum of Narrative Art (less than half a mile away), along with Exposition Park, the California Science Center, the historic Rose Garden, BMO Stadium, and the Expo Line Metro Station (about 10 minutes on foot or 0.5 miles). The property also provides easy access to major freeways and public transportation.
With its mix of spacious bedrooms and its delivery condition, the building may suit investors seeking a hands-on repositioning opportunity in a consistently active rental area. The proximity to USC and transit-oriented access can support tenant reach across student and multifamily demand profiles, while the unit sizes offer practical flexibility for a range of occupancies.
Located in the heart of Exposition Park, the building is described as about a 10-minute walk to the University of Southern California. It is also near major area destinations including the Los Angeles Memorial Coliseum and the Lucas Museum of Narrative Art (less than half a mile away), along with Exposition Park, the California Science Center, the historic Rose Garden, BMO Stadium, and the Expo Line Metro Station (about 10 minutes on foot or 0.5 miles). The property also provides easy access to major freeways and public transportation.
With its mix of spacious bedrooms and its delivery condition, the building may suit investors seeking a hands-on repositioning opportunity in a consistently active rental area. The proximity to USC and transit-oriented access can support tenant reach across student and multifamily demand profiles, while the unit sizes offer practical flexibility for a range of occupancies.
Key Highlights
- Five‑unit multifamily building built in 1972
- Unit mix includes one 2BR/1BA, two 5BR/2BA, one 4BR/2BA, and one 3BR/1BA
- Located about a 10‑minute walk from University of Southern California (USC)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.7k | $27.19 |
| − Vacancy | −$1.1k | −$0.19 |
| EGI | $154.6k | $27.00 |
| − OpEx | −$69.6k | −$12.15 |
| NOI | $85.0k | $14.85 |
5,726 SF · lease $27.19/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,030 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,056 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building with large 2- to 5-bedroom layouts near USC and Exposition Park.
Where is this apartment building located?
The property is located at 1134 West 39th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Five‑unit multifamily building built in 1972; Unit mix includes one 2BR/1BA, two 5BR/2BA, one 4BR/2BA, and one 3BR/1BA; Located about a 10‑minute walk from University of Southern California (USC)
