1215 W 39th Place, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 2 bath
1215 W 39th Place
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 1215 W 39th Place, Los Angeles, California 90037 is currently available with a list price of $1,199,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1923, this property is explicitly marketed as an investor/developer opportunity with a focus on its LAR3 zoning and TOC Tier 3 development potential for up to 22 units. The existing structures are over 100 years old with no evidence of recent renovations, and the listing's value is clearly derived from the land and redevelopment potential rather than the habitability of the current improvements.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
Zoned LAR3 on a deep 11,061 SF lot with TOC Tier 3 eligibility, the property offers a rare opportunity to develop up to 22 units, maximizing the site's highest and best use.
- Prime Student Housing Location
Situated near USC and Exposition Park with an exceptional Walk Score of 96, the location ensures consistent, high-demand rental interest from the university community.
- Delivered Vacant
The property will be delivered vacant at close, allowing developers to bypass the costly and time-consuming tenant relocation process common in Los Angeles multifamily investments.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
The existing structures date back to 1923 and likely require significant renovation or complete demolition to realize the property's full financial potential.
- Entitlement Uncertainty
The projected unit count relies on TOC Tier 3 incentives, which require rigorous independent verification and a complex city approval process that may impact development timelines.
About 1215 W 39th Place
Investor/Developer Opportunity Near USC! Zoned LAR3 with a deep 11,061 SF lot (50' x 222'), this duplex is ideally located in a high-demand rental area near Exposition Park and USC. Existing improvements include 2 detached structures totaling approx. 2,828 SF: one 1BR/1BA (788 SF) and one 3BR/1BA (2,040 SF). Property is believed to qualify for TOC Tier 3, offering potential for up to 22 units with density bonus, reduced parking, and height/setback incentives. Property will be DELIVERED VACANT! Buyer to independently verify zoning, TOC eligibility, development potential, and all regulations with the City of Los Angeles. Walk Score 96. Ideal for student housing or infill multifamily. Property to be delivered vacant at close. Do not miss this rare build opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 11,061 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,828 | 1,384 | 86% |
| Lot Size | 11,061 | 5,721 | 97% |
| Price | $1.20M | $655.0K | 97% |
| Price per sq ft | $424 | $464 | 34% |
| Built year | 1923 | 1912 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 228 | 186 | 69% |
Pricing History
Listed for Sale
Feb 3, 2026
$1,199,000
$1,250,000
-4% Price Drop
Initial Listing
Price Change
Oct 17, 2025
$1,250,000
$1,300,000
-4% Price Drop
Initial Listing
Price Change
Jul 21, 2025
$1,300,000
Initial Listing