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FOR SALE
$1,575,000

1952 W 39th Street
Los Angeles, CA 90062

Other
Residential Income
6
Beds
6
Baths
3,178
Sq. Ft.
0.1645
Acre Lot
Listing Agent: Douglas Steinriede CalDRE: 00284936 - Dover Management Corp.
Last Updated: 2/9/2025 9:40 PM
Located in Leimert Park, 1952 W 39th Street is a well-maintained six-unit apartment building. Priced at a 4.13% Cap Rate with both units occupied, the property has upside potential to a 5.71% Cap Rate at market. Multiple capital improvements have been completed recently, including a new roof. The building is professionally managed and will be delivered with two vacancies, allowing a new owner to capture additional upside in rents. Situated in a vibrant and growing area, the property is just minutes from key landmarks such as Exposition Park, home to the California Science Center, Natural History Museum, and the iconic Los Angeles Memorial Coliseum. The University of Southern California (USC) is also nearby, offering a steady demand for housing. Additionally, the renowned Shrine Auditorium and the Crypto.com Arena (formerly Staples Center) are just a short drive away, making this an ideal location for both residents and investors.
25487561
Other, 1 Story
6
Los Angeles
6
0.1645 Acres
1923
1
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Douglas Steinriede CalDRE: 00284936 - Dover Management Corp.
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