1399 W 39th Street, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$1,449,000
1399 W 39th Street, Los Angeles, California 90062
0Bed
0Bath
3,699Sqft
10,614Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Strategically located just two blocks from Exposition Park and USC, ensuring high rental demand, especially for student housing, and strong potential for appreciation.
Top Cons:
Historic Property Age: Built in 1906, the property likely requires significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization to meet current market expectations and codes.
Compared to the nearby listings
Price:$1.45M vs avg $927.5K (+$521,500)94%
Size:3,699 sqft vs avg 2,313 sqft89%
Price/sqft:$392 vs avg $39150%
More Insights
Built in 1906 (119 years old).
Condition: Built in 1906, this property is over a century old with no indication of major recent renovations. The property analysis explicitly notes its 'Historic Property Age' and the likely need for 'significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization.' The exterior images show significant wear, dated aesthetics, and a lack of recent maintenance, including faded paint and cracked concrete. Crucially, the complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are in very poor, outdated condition and would require substantial rehabilitation to meet modern standards. While currently rented, it requires extensive repairs and updates.
Year Built
1906
Close
-
List price
$1.45M
Original List price
$1.5M
Price/Sqft
$392
HOA
-
Days on market
-
Sold On
-
MLS number
IG25068156
Home ConditionPoor
Features
View-
About this home
Prime Triplex Near Exposition Park & USC! Incredible investment opportunity just two blocks from Exposition Park and USC! This spacious triplex sits on a generous 10,000+ sq. ft. lot and offers a total of 3,699 sq. ft. of living space. Each unit is a standalone single-family home, providing privacy and comfort. Unit #1: 4 bedrooms, 2 baths Unit #2: 3 bedrooms, 1 bath Unit #3 (Rear Unit): 2 bedrooms, 1 bath. All units are currently on month-to-month leases, offering flexibility for investors or owner-occupants. With its prime location and ample space and plenty of parking, this property is perfect for rental income, student housing, or multi-generational living. Don't miss out on this rare find!
Condition Rating
Poor
Built in 1906, this property is over a century old with no indication of major recent renovations. The property analysis explicitly notes its 'Historic Property Age' and the likely need for 'significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization.' The exterior images show significant wear, dated aesthetics, and a lack of recent maintenance, including faded paint and cracked concrete. Crucially, the complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are in very poor, outdated condition and would require substantial rehabilitation to meet modern standards. While currently rented, it requires extensive repairs and updates.
Pros & Cons
Pros
Prime Location: Strategically located just two blocks from Exposition Park and USC, ensuring high rental demand, especially for student housing, and strong potential for appreciation.
Income-Generating Triplex: Comprising three distinct standalone units, this property offers diversified rental income streams and flexibility for various investment strategies.
Generous Lot Size: A substantial 10,614 sq. ft. lot provides ample outdoor space, parking, and potential for future expansion or development in a dense urban area.
Flexible Lease Terms: All units are currently on month-to-month leases, offering immediate flexibility for an investor to adjust rents, undertake renovations, or for an owner-occupant.
Standalone Unit Privacy: Each unit functions as a standalone single-family home, enhancing tenant appeal and providing a unique level of privacy and comfort compared to typical multi-unit properties.
Cons
Historic Property Age: Built in 1906, the property likely requires significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization to meet current market expectations and codes.
Undisclosed Unit Condition: The description lacks specific details on the current interior condition of the units, suggesting potential for deferred maintenance or necessary renovations to maximize rental income and tenant appeal.
Recent Price Adjustment: A recent price reduction from the original list price may indicate initial overpricing or a lack of strong buyer interest, potentially signaling market resistance or underlying issues.