2018 West 39th Street

Los Angeles, CA 90008

$1,650,000
Price
8
Beds
4
Baths
4,204 Sq. Ft.
$392 / Sq. Ft.
4,204
Sq. Ft.
$392
per Sq. Ft.

Description

Fully Occupied 4 units generate a stable high income. Excellent investment opportunity. Located where Leimert Park and Exposition Park meet; while providing nearby access to both the 10 and 110 freeways. Approximately 2 miles from USC and south of Jefferson Park. The property features 2 units upstairs and 2 units downstairs. All 4 units have 2 bedrooms & 1 bathroom. On-site laundry. Detached 6 garage spaces but 1 garage space is currently occupied by the washer & dryer. Behind the detached garage...Fully Occupied 4 units generate a stable high income. Excellent investment opportunity. Located where Leimert Park and Exposition Park meet; while providing nearby access to both the 10 and 110 freeways. Approximately 2 miles from USC and south of Jefferson Park. The property features 2 units upstairs and 2 units downstairs. All 4 units have 2 bedrooms & 1 bathroom. On-site laundry. Detached 6 garage spaces but 1 garage space is currently occupied by the washer & dryer. Behind the detached garage is some space which could be creatively put to use. Large lot size of approximately 8,097 square feet with potential to build ADU but please verify with City of Los Angeles and an architect. Separate Electricity & Gas meters to simplify management while the tall greenery in front provides privacy.
  1. Listed by Joe Tseng • DRE #00880213 • Brokerage DRE #01522426 • Treeline Realty & Investment • 626-215-8616
  2. Listed by Hank Hoang • DRE #01421175 • Brokerage DRE #01522426 • Treeline Realty & Investment

Property Details for 2018 West 39th Street

Parking Spaces Total
5
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4204
Assessor Parcel Number
5035-003-001
LISTING UPDATED: 12/06/2024 06:49 AM

Property Details for 2018 West 39th Street

StatusActive
MLS #AR24152385
Days on Market183
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.19 AC / 8,097 SF
CountyLos Angeles County

Building Information for 2018 West 39th Street

Stories2Residences-Year Built1938Building Size-Lot Size0.19 AC / 8,097 SF

Property Information for 2018 West 39th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $113,419
  • Gross Scheduled Income: $113,496
  • Gross Operating Income: $113,496
  • Net Operating Income: $79,418
  • Laundry Income: $0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $44,015
  • New Taxes Expense: $20,500
  • Gardener Expense: $840
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,644
  • Maintenance Expense: $8,761
  • Other Expense: $427
  • Other Expense Description: HCIDLA
  • Trash Expense: $0
  • Water Sewer Expense: $10,295
  • Supplies Expense: $548
  • Total Expenses: $44,015
Tax / Assessment Info
  • Tax Tract Number: 809
  • Tax Census Tract: 2340.02
  • CFD/Mello-Roos Fee: $661
  • Tax Lot: 27
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Range, Range Hood, Refrigerator, Water Heater
  • Equipment: Community, Electric Dryer Hookup, Hookup - Electric, Refrigerator, Room, Washer Hookup
  • Room Type: Basement, Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Community, Electric Dryer Hookup, Individual Room, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Flooring: Laminate, Wood
Exterior Features
  • Door Features: Panel Doors
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Security: Gated Community
  • Roof: Flat
  • Entry Location: 1
  • Fence: Yes
  • Fence: Privacy, Wrought Iron
  • Fencing: Privacy, Security, Wrought Iron
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot, Lot 6500-9999, Level, Near Public Transit, Yard
  • Direction Faces: South
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned, Garage - 1 Car
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage Faces Front, Garage - Single Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,288
  • Unit Type Total Rent: $2,288
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,370
  • Unit Type Total Rent: $2,370
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 2018 West 39th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2018 West 39th Street

Taxable ValueLand$1,126,454Additions$475,734Total$1,602,188
Tax Record2024$19,878 ($1,657 / month)
Home Facts
Total Finished SqFt4,204 SqFtAbove Grade Finished SqFt4,204 SqFtLot Size8,095 SqFtStyleQuadraplexYear Built1938ZoningLAR1CountyLOS ANGELESAPN5035-003-001

Schools near 2018 West 39th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Tom Bradley Global Awareness Magnet School
PublicK to 5

New Heights Charter School
CharterK to 8

Academy of Media Arts
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2018 West 39th Street is a multi-family home for sale in Los Angeles, CA 90008. This property was listed for sale on July 28, 2024 by Treeline Realty & Investment, it's currently listed at $1,650,000. It has been on the market for a total of 183 days and was last sold on December 3, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Tom Bradley Global Awareness Magnet School, New Heights Charter School and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 2018 West 39th Street is a 8-bed, 4-bath, 4,204 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Treeline Realty & Investment, Joe Tseng, DRE #00880213; Treeline Realty & Investment, Hank Hoang, DRE #01421175

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.