1249 1251 W 39th Street 2, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Vintage Income-Generating Duplex is listed at $899,500, representing a strategic acquisition price relative to its $851,417 Fair Market Value. The property maintains a Condition Rating of 4, featuring original 1927 infrastructure that presents a clear value-add opportunity for modernization. With 2,020 sqft of interior space and a 5,240 sqft lot, the property is ideally situated near the USC corridor and Downtown Los Angeles to leverage high rental demand. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a long-term "house-hack" in a central location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1249 1251 W 39th Street 2 Subject | $899,500* List Price | 0 | 0 | 2,020 | $421 | - |
A 1233 W 38th St Sold | $808,000 | 3 | 3 | 1,666 | $485 | 0.1 mi |
B 4271 S Kansas Active | $699,998 List Price | 0 | 0 | 1,926 | $363 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this duplex appears to be maintained through regular upkeep but remains largely unrenovated. The kitchens and bathrooms feature dated cabinetry, older tile work, and basic appliances. While the property is functional and habitable, the flooring, light fixtures, and vintage wall heating systems show significant age and would require modernization to meet current market standards.
As a duplex in a high-demand Los Angeles rental market, this property offers an excellent opportunity for an owner-user to 'house-hack' or for an investor to secure dual rental income streams.
The property's proximity to Downtown Los Angeles and the USC corridor ensures a consistent pool of potential tenants and long-term desirability due to nearby employment and education hubs.
With 2,020 square feet of living space on a 5,240 square foot lot, the property provides substantial unit sizes and outdoor space compared to many high-density multi-family options in the area.
Built in 1927, the property likely requires significant capital improvements or updates to major systems like plumbing and electrical to meet modern efficiency and safety standards.
At a list price of nearly $900,000, the return on investment may be tight for cash-flow-focused buyers depending on the current occupancy status and market rent levels.
2 Units near Downtown LA
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,020 | 2,012 | 53% |
| Lot Size | 5,240 | 5,377 | 47% |
| Price | $899.5K | $899.5K | 50% |
| Price per sq ft | $445 | $392 | 63% |
| Built year | 1927 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 242 | 16% |
Feb 21, 2026
$899,500
Initial Listing