
Los Angeles, California 90037
This five-unit multifamily property presents a Strong Value Opportunity with a List Price of $1,750,000—positioned well below the $1,879,935 Fair Market Value by 6%. This valuation gap offers $129,935 in Instant Equity. With a Fair Condition Rating and three units delivered vacant, the property is primed for immediate repositioning. Its proximity to USC and the 2028 Olympic venues ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Multifamily Developers seeking to maximize income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1134 W 39th Subject 0 bd · 0 ba · 5,726 sqft · $328 | $1,750,000* List Price | 0 | 0 | 5,726 | $328 | - |
A 3823 Wisconsin Active 0 bd · 0 ba · 5,508 sqft · $381 · 0.2 mi | $2,100,000 List Price | 0 | 0 | 5,508 | $381 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972 (54 years old), this property is explicitly marketed as a 'value-add' opportunity requiring repositioning. Interior photos show dated kitchens with aging cabinetry and appliances, a bathroom in need of a full gut renovation, and the use of window AC units instead of modern central HVAC systems, indicating the need for a comprehensive rehab.
Situated just a 10-minute walk from USC and Exposition Park, the property is perfectly positioned to capture high rental demand from the student population and upcoming 2028 Olympic activity.
With three units delivered vacant, investors have a rare opportunity to immediately renovate and reposition the asset to achieve current market-rate rents without tenant relocation hurdles.
The rare configuration of large 4 and 5-bedroom units on a substantial 9,894 sq ft lot provides exceptional income potential for student housing or co-living investment strategies.
Built in 1972 and marketed as a value-add opportunity, the property likely requires significant upfront investment for modernization and system upgrades to reach its full potential.
The property lacks specific views and modern features like central cooling, which may limit its appeal to premium-tier tenants in a competitive rental market.
*** 3 UNITS WILL BE DELIVERED VACANT **** This exceptional five-unit multifamily property presents a rare value-add opportunity in the heart of rapidly evolving Exposition Park, one of Los Angeles’ most active rental markets e The property features an attractive and versatile unit mix consisting of one 2-bedroom, 1-bathroom unit, two expansive 5-bedroom, 2-bathroom units, one 4-bedroom, 2-bathroom unit, and one 3-bedroom, 1-bathroom unit. The large unit configurations and flexible layout create outstanding income potential for investors pursuing student housing, traditional multifamily rentals, or alternative housing strategies in a consistently high demand location .Ideally situated 10 minutes walk distance to the University of Southern California, the property benefits from close proximity to some of Los Angeles’ most iconic destinations, including the Los Angeles Memorial Coliseum, a featured venue for the upcoming 2028 Olympic Games, the highly anticipated Lucas Museum of Narrative Art located less than half a mile away, only 10 minutes walk or 0.5 miles away ; Exposition Park, the California Science Center, the historic Rose Garden, BMO Stadium, and the Expo Line Metro Station offering convenient access from Downtown Los Angeles to Santa Monica .The property also provides easy access to major freeways and public transportation, further strengthening its long-term desirability and tenant demand .Adding to its exceptional appeal, the property is sitting in a 9,894 sq ft lot and it will be delivered almost vacant, offering investors a rare opportunity to immediately reposition the property, establish market rents, and maximize future income potential .This is an outstanding opportunity to acquire a well-located multifamily asset in one of Los Angeles’ most dynamic and transformative neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 5,726 | 4,165.789 |
| Lot Size | 9,897 | 6,696 |
| Price | $1.75M | $956.9K |
| Price per sq ft | $306 | $273 |
| Built year | 1972 | 1937 |
| HOA | $0 | $907 |
| Days on market | 52 | 134 |
Sep 18, 2026
$1,750,000
Initial Listing
Jul 6, 2017
$1,100,000
Public Record