1180 W 39th Place, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Income-Producing Duplex represents a High-Potential Investment Opportunity listed at $1,250,000 in a High-Demand Rental Market near USC. While the list price exceeds the $1,037,501 Fair Market Value, the property’s 3,162 sqft footprint and Value-Add Potential justify the acquisition for those targeting forced appreciation. Currently holding a Condition Rating of 5, the 1910 structure requires modernization of outdated systems to capture premium rents. Its proximity to BMO Stadium ensures long-term occupancy, making it ideal for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1180 W 39th Place Subject | $1,150,000* List Price | 0 | 0 | 3,162 | $308 | - |
A 3914 Wisconsin Place Active | $900,000 List Price | 0 | 0 | 2,384 | $378 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910, this property is over a century old. The listing description explicitly mentions 'Historic Property Age' and 'Implied Renovation Needs,' indicating that 'significant capital investment may be required to modernize units' and address 'outdated systems.' The complete absence of interior images, particularly of the kitchen and bathrooms, strongly suggests these areas are in very outdated condition and require substantial rehabilitation to meet current standards. While functional as an income property, it requires significant repairs and modernization.
Located near the University of Southern California (USC) and major entertainment hubs, ensuring strong and consistent tenant demand from students, professionals, and long-term residents.
Consists of two separate units (3-bed/2-bath and 3-bed/1-bath), providing diversified rental income streams and mitigating vacancy risk with broad tenant appeal.
Positioned for reliable cash flow, significant appreciation potential, and suitable for various investment strategies including value-add enhancements and 1031 exchanges.
Built in 1910, the property's age suggests potential for outdated systems (plumbing, electrical) and higher ongoing maintenance or renovation costs to meet modern standards.
The description highlights 'value-add enhancements,' indicating that significant capital investment may be required to modernize units and maximize rental upside and tenant appeal.
A $100,000 price drop from the original listing price ($1.35M to $1.25M) could suggest initial overpricing or market resistance, potentially impacting perceived value.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,162 | 2,250 |
| Lot Size | 6,755 | 5,864 |
| Price | $1.15M | $826.7K |
| Price per sq ft | $364 | $395 |
| Built year | 1910 | 1925 |
| HOA | $0 | $0 |
| Days on market | 216 | 83 |
Apr 22, 2026
$1,150,000
$1,250,000
-8% Price Drop
Initial Listing
Jan 28, 2026
$1,250,000
$1,350,000
-7% Price Drop
Initial Listing
Dec 18, 2025
$1,350,000
Initial Listing