Residential Income
For Sale
$2,499,000
1173 W 39th Place, Los Angeles, CA 90037
The property includes ceiling fans and wrought-iron exterior elements.
Property Size7,904 SF
Days on Market9
Property Features for 1173 W 39th Place
General Information
Standard status
Active
Size
7,904 SF
Property subtype
Apartment
Building Details
Building Size
7,904 SF
Year Built
1921
Listing Agency:
Edgewater Realty Associates
Listed By:
Matthew Souza · License #01893613
(562) 652-7787
Source:
Archetyperealty
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 19 at 2:34PM
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 Edgewater Realty Associates
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Investment Insights
Based on property information with market context.
Built in 1921, this residential income property is located at 1173 W 39th Place in Los Angeles. Interior features include ceiling fans, while wrought iron is noted among the exterior features.
Key Highlights
- Built in 1921
- Ceiling fans among the interior features
- Wrought‑iron exterior feature
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,373
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,460
$2.3M
Cap Rate 7%
$1,676,757
$1.7M
Cap Rate 9%
$1,304,144
$1.3M
Market Conditions
NOI Build-Up for 7,904 SF
Gross rent
$214.9K $27.19/SF
− Vacancy
−$1.5K −$0.19/SF
EGI
$213.4K $27.00/SF
− OpEx
−$96.0K −$12.15/SF
NOI
$117.4K $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%
$2,347,460
Cap Rate 7%
$1,676,757
Cap Rate 9%
$1,304,144
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,373 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,795 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,192
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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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes ceiling fans and wrought-iron exterior elements.
Where is this residential income property located?
The property is located at 1173 W 39th Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Built in 1921; Ceiling fans among the interior features; Wrought‑iron exterior feature
