ACTIVE$1,350,000$3,162/sqft

1180 W 39th Place, Los Angeles, California 90037

0Bed

0Bath

3,162Sqft

6,755Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:

Prime Location & High Rental Demand: Strategically located near the University of Southern California (USC), Los Angeles Memorial Coliseum, and BMO Stadium, benefiting from consistent strong rental demand from students, professionals, and long-term residents in a high-demand Los Angeles rental market.

Top Cons:

Age of Property: Built in 1910, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance, which could lead to higher capital expenditures for repairs and upgrades.

Compared to the nearby listings

Price:$1.35M vs avg $965.0K (+$385,000)90%

Size:3,162 sqft vs avg 2,548 sqft65%

Price/sqft:$427 vs avg $34365%

More Insights

Built in 1910 (116 years old).

Condition: Built in 1910, this property is over a century old. The listing explicitly states an 'implied need for capital expenditure' and 'value-add enhancements' to modernize the units, indicating substantial repairs and rehabilitation are required. The AI analysis further highlights 'potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance' and a 'lack of modern amenities/upgrades.' While currently income-producing, suggesting it's livable, its age and the clear need for significant investment to update major components and aesthetics place it firmly in the 'poor' condition category. The exterior image shows an older property consistent with this assessment, and without interior photos, it's highly probable the kitchen and bathrooms are severely outdated.

Year Built

1910

List price

$1.35M

Original List price

$1.35M

Price/Sqft

$427

HOA

Days on market

Sold On

MLS number

OC25277748

Home ConditionPoor

Features

View-

About this home

This income-producing duplex presents a compelling investment opportunity in a high-demand Los Angeles rental market near the University of Southern California. The property consists of two separate units featuring a desirable unit mix: one three-bedroom, two-bathroom residence and one three-bedroom, one-bathroom residence, offering broad tenant appeal and strong leasing fundamentals. Located on a quiet residential street, the property benefits from its proximity to major employment, educational, and entertainment hubs, including USC, the Los Angeles Memorial Coliseum, and BMO Stadium. This location consistently supports strong rental demand from students, professionals, and long-term residents alike, contributing to stable occupancy and long-term investment performance. Each unit offers functional layouts with generous living space, making the property well-suited for both current income and future rental upside. The configuration allows for multiple investment strategies, including long-term hold, value-add enhancements, or owner-occupant leverage with supplemental rental income. The unit mix also supports diversified tenant profiles, helping mitigate vacancy risk. With limited multifamily inventory in this submarket, this duplex represents an attractive opportunity for investors seeking reliable cash flow, appreciation potential, and exposure to one of Los Angeles’ most resilient rental corridors. Ideal for 1031 exchange buyers, portfolio expansion, or investors looking to capitalize on continued housing demand in close proximity to USC and surrounding amenities.

Davin Emmons

Listing Agent

Condition Rating

Poor

Built in 1910, this property is over a century old. The listing explicitly states an 'implied need for capital expenditure' and 'value-add enhancements' to modernize the units, indicating substantial repairs and rehabilitation are required. The AI analysis further highlights 'potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance' and a 'lack of modern amenities/upgrades.' While currently income-producing, suggesting it's livable, its age and the clear need for significant investment to update major components and aesthetics place it firmly in the 'poor' condition category. The exterior image shows an older property consistent with this assessment, and without interior photos, it's highly probable the kitchen and bathrooms are severely outdated.

Pros & Cons

Pros

Income-Producing Duplex with Desirable Unit Mix: An established income-producing duplex featuring a desirable unit mix of one 3-bedroom/2-bathroom and one 3-bedroom/1-bathroom residence, offering broad tenant appeal and strong leasing fundamentals to mitigate vacancy risk.

Strong Investment Potential: Presents an attractive opportunity for investors seeking reliable cash flow, appreciation potential, and exposure to a resilient rental corridor, with suitability for long-term hold, value-add enhancements, or owner-occupant leverage.

Generous Living Space: Each unit offers functional layouts with generous living space, enhancing tenant satisfaction and marketability within the competitive Los Angeles rental landscape.

Limited Multifamily Inventory: Positioned in a submarket with limited multifamily inventory, making this duplex a more valuable and sought-after asset for investors looking to expand their portfolio.

Cons

Implied Need for Capital Expenditure: The description highlights 'value-add enhancements' as an investment strategy, indicating that significant capital investment may be required to modernize the units and maximize rental income or property value.

Lack of Modern Amenities/Upgrades: No specific mention of recent renovations or modern amenities within the units, suggesting that the property may lack contemporary features desired by today's tenants without further investment.

1180 W 39th Place, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath