29-Unit Value-Add Near Dodger
For Sale
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939 W College St, Los Angeles, CA 90012
Value-add 29-unit apartment community near Dodger Stadium in Solano Canyon.
Property Size22,677 SF
Lot Size0.28 Acres
Price / SF$255.32
Days on Market194
Property Features for 939 W College St
General Information
Standard status
Active
Size
22,677 SF
Class
C
Lot size
0.28 Acres
Property subtype
Multifamily
Zoning
LAR4
Building Details
Year Built
1972
Listing Agency:
Growth Investment Group
(626) 224-2495
Listed By:
Handoko Chen · License #CA 01749321
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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 Growth Investment Group
Investment Insights
Based on property information with market context.
Located in the Solano Canyon neighborhood near Dodger Stadium, this 29-unit apartment community presents a value-add opportunity. Constructed in 1972, the property is within walking distance of Dodger Stadium and Elysian Park, and a short distance from Downtown Los Angeles, Chinatown, and Little Tokyo. The four-story building features steel and concrete construction and is situated on a ±12,171 square foot lot zoned LA-R4. The 22,677 square foot building includes a central courtyard, shared laundry area, elevator, and gated parking with 29 spaces. The unit mix comprises three 3-bedroom/2-bathroom units, twenty 2-bedroom/1-bathroom units, five 1-bedroom/1-bathroom units, and one studio unit. Approximately five units have been updated. Twenty-four units feature private balconies or patios, many with views of Downtown Los Angeles. Each unit is separately metered for electricity and gas and has updated electrical subpanels. The building has a central water heater and an automatic fire sprinkler in the garage area. The property has a Walk Score of 85 and a Transit Score of 83, offering convenient access to Metro lines and buses. It is located near Chinatown and provides access to the 101, 110, 5, and 10 Freeways. The property is near newly constructed luxury apartment communities and attractions such as Walt Disney Concert Hall, The Music Center, and Grand Central Market.
Key Highlights
- Significant Value‑Add Opportunity: Current rents are approximately 76% below market, offering substantial upside potential.
- Panoramic DTLA Views: Enjoy views of Downtown Los Angeles from twenty‑four units with private balconies/patios.
- Prime Location: Walking distance to Dodger Stadium and Elysian Park, minutes from Downtown Los Angeles, Chinatown, and Little Tokyo.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add 29-unit apartment community near Dodger Stadium in Solano Canyon.
Where is this apartment building located?
The property is located at 939 W College St Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,790,000.
What are key features of this property?
This property features: Significant Value‑Add Opportunity: Current rents are approximately 76% below market, offering substantial upside potential.; Panoramic DTLA Views: Enjoy views of Downtown Los Angeles from twenty‑four units with private balconies/patios.; Prime Location: Walking distance to Dodger Stadium and Elysian Park, minutes from Downtown Los Angeles, Chinatown, and Little Tokyo.
