Fully Occupied Income
2018 W 39th St, Los Angeles, CA 90008
For Sale
$1,550,000
Four units with high income potential in central Los Angeles.
Property Size4,204 SF
Lot Size0.19 Acres
Days on Market342
Property Features for 2018 W 39th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Treelane Realty Group Inc.
Listed By:
Hank Hoang · License #CA 01421175
(626) 523-8787
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:56AM
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 Treelane Realty Group Inc.
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Investment Insights
Based on property information with market context.
This fully occupied four-unit property presents an investment opportunity. Located at the meeting point of Leimert Park and Exposition Park, it offers convenient access to both the 10 and 110 freeways. The property is approximately 2 miles from USC and south of Jefferson Park. The layout includes two units upstairs and two units downstairs, with each unit featuring two bedrooms and one bathroom. On-site laundry facilities are available. A detached six-car garage is present, although one space is occupied by the washer and dryer. Additional space behind the garage offers potential for creative use. The property sits on a large lot of approximately 8,097 square feet, with potential for building an Accessory Dwelling Unit (ADU), subject to verification with the City of Los Angeles and an architect. Separate electricity and gas meters are installed to simplify management, and tall greenery in front provides privacy.
Key Highlights
- Fully occupied 4‑unit property generating stable high income.
- Large 8,097 sq ft lot with ADU potential (buyer to verify).
- Convenient location near Leimert Park, Exposition Park, USC, and freeways (10 & 110).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,417
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,340
$1.5M
Cap Rate 7%
$1,048,814
$1.0M
Cap Rate 9%
$815,744
$815.7K
Market Conditions
NOI Build-Up for 4,204 SF
Gross rent
$113.5K $27.00/SF
− Vacancy
−$8.6K −$2.05/SF
EGI
$104.9K $24.95/SF
− OpEx
−$31.5K −$7.48/SF
NOI
$73.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,340
Cap Rate 7%
$1,048,814
Cap Rate 9%
$815,744
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$917.7K – $1.22M
NOI $73,417 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$966.4K
$845.6K – $1.13M
NOI $67,646 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,865 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
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Business Placement
Demographics for 90008, CA
33,041
Population
16,245
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
85%
High-School Grad
2.9 sq mi
ZIP Area
11,393
Density / Sq Mi
$61,822
Median Household Income
$41,295
Median Earnings
$1,589
Median Rent
$1,003,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four units with high income potential in central Los Angeles.
Where is this quadplex located?
The property is located at 2018 W 39th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully occupied 4‑unit property generating stable high income.; Large 8,097 sq ft lot with ADU potential (buyer to verify).; Convenient location near Leimert Park, Exposition Park, USC, and freeways (10 & 110).
