1650 W 39th Place, Los Angeles, California 90062, Los Angeles, 90062 - 5 bed, 2 bath
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Los Angeles, California 90062
This property presents a High-Potential Investment Opportunity with a List Price of $889,000—positioned well above the $765,815 Fair Market Value by -16%. While the property requires significant capital for modernization due to its Condition Rating of 5, the Duplex configuration and unpermitted ADU offer substantial revenue-generating potential near USC. The vacant status allows for immediate repositioning of this Residential Income asset. This project is best suited for Buy-and-Hold Investors or experienced developers capable of navigating permit legalization and comprehensive renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1650 W 39th Place Subject | $889,000* List Price | 5 | 2 | 1,472 | $520 | - |
A 3968 3970 S Hobart Boulevard Active | $799,900 List Price | 0 | 0 | 1,818 | $440 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1912 (110+ years old) and sold in 'as is' condition with an unpermitted ADU. The age and lack of mentioned upgrades, combined with the 'as is' status, indicate likely outdated systems and deferred maintenance requiring a full rehab.
Situated near USC and Exposition Park, this property is ideally positioned for high rental demand from students and faculty, ensuring strong long-term appreciation potential.
Both units are currently vacant, allowing a new owner to immediately set market-rate rents or occupy one unit without the legal complexities of tenant relocation.
The duplex configuration combined with an additional ADU space provides multiple revenue streams on a generous 5,409 sqft lot, maximizing the property's cash flow capacity.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1472, other record living area = 1. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The presence of an unpermitted ADU creates significant liability, potentially requiring costly legalization processes or removal to comply with city building codes.
Built in 1912 and sold in as-is condition, the property likely requires substantial capital investment for modernization and repairs to address over a century of wear.
Great opportunity to own a duplex are located near USC and Exposition Park. The first unit features three bedrooms, one bathroom, a spacious living and dining area. The second unit has two bedrooms and one bathroom. The units are currently vacant. Property is sold on as is conditions. Buyer needs to verify property permits
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 74% |
| Baths | 2.0 | 0.0 | 65% |
| Square foot | 1,472 | 2,484 | 9% |
| Lot Size | 5,409 | 6,056 | 22% |
| Price | $889.0K | $862.5K | 52% |
| Price per sq ft | $604 | $327 | 96% |
| Built year | 1912 | 1924 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 208 | 4% |
May 11, 2026
$889,000
Initial Listing
May 28, 2010
$200,000
Public Record
Apr 2, 2007
$535,000
Public Record
Apr 14, 2004
$269,900
Public Record