1165 39Th StLos Angeles, CA 90037

Property Details for 1165 39Th St

Year built

2024

Property size (Sq ft)

6,135 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

This exceptional Class A multifamily investment property, built in 2024, presents a compelling opportunity in Los Angeles's vibrant University Park neighborhood. Located near USC and Exposition Park, this two-building complex offers 5 large units totaling 6,135 square feet of rentable space, boasting 13 bedrooms and 2 dens (potentially usable as bedrooms). The property features a desirable layout, perfect for student housing or renting by the room, capitalizing on high demand near USC. Each of the four larger units enjoys private rooftop deck access. Modern amenities include solar panels, EV outlets, and in-unit washers and dryers. The property includes six parking spaces and is conveniently located near the E/Expo Metro Station. Currently at 60% occupancy, the property offers a pro-forma NOI of $174,228 and a pro-forma cap rate of 5.45%, with a total asking price of $3,199,000. The property sits on a 6,081 square foot lot and is zoned RD1.5. This is a non-rent-controlled property with strong cash flow potential. Income information provided is pro-forma, reflecting the property's lease-up status. The property is not subject to affordable housing requirements.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0155

Longitude

-118.297

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