
Los Angeles, California 90037
Analysis of 1134 W 39th, Los Angeles, California 90037 is currently available with a list price of $1,895,250. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1972 (54 years old) and marketed as a 'value-add' opportunity, the property requires significant rehabilitation. Interior images show dated bathrooms with aging fixtures, popcorn ceilings, and a lack of central HVAC (relying on window units), indicating that systems and finishes are well beyond their expected lifespan.
Situated within a 10-minute walk of USC and major landmarks like the Lucas Museum and LA Memorial Coliseum, the property is perfectly positioned for high-demand student housing and 2028 Olympic-related growth.
The rare configuration of large 4-bedroom and 5-bedroom units offers exceptional income potential through per-bed leasing or co-living strategies in a dense rental market.
Delivered almost vacant on a nearly 10,000 sq ft lot, this asset allows investors to immediately renovate and reset rents to market rates without the typical challenges of tenant relocation.
As a 1972 build marketed as a value-add opportunity, the property likely requires substantial upfront investment in modernizing systems and interiors to meet current market standards.
Large multi-bedroom units in a student-heavy area typically experience higher wear and tear and more frequent turnover, requiring more intensive property management than traditional multifamily assets.
*** 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 highdemand 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 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 5,726 | 2,864 |
| Lot Size | 9,897 | 7,003 |
| Price | $1.90M | $1.58M |
| Price per sq ft | $331 | $319 |
| Built year | 1972 | 1929 |
| HOA | $0 | $907 |
| Days on market | 5 | 91 |
Jul 17, 2026
$1,895,250
Initial Listing
Jul 6, 2017
$1,100,000
Public Record