2018 W 39th Street, Los Angeles, California 90008, Los Angeles, 90008 - bed, bath
2018 W 39th Street
Los Angeles, California 90008
Property Price
SUMMARY
Analysis of 2018 W 39th Street, Los Angeles, California 90008 is currently available with a list price of $1,550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1938, this property is aged but appears to be maintained through regular upkeep. The kitchen and bathrooms have received some budget-friendly updates (e.g., white cabinets, basic stainless steel appliances in the kitchen; subway tile in the bathroom), but still feature dated elements like worn linoleum/vinyl flooring, laminate countertops, and older hexagonal floor tiles. Hardwood floors throughout the living areas and bedrooms show significant wear and would benefit from refinishing. The presence of window AC units indicates a lack of central cooling. While functional, the property requires minor to moderate updates and modernization to meet current quality standards and tenant expectations.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income & Occupancy
The property is fully occupied and generates a stable high income, offering immediate cash flow and a reliable return on investment.
- Strategic Investment Location
Located at the intersection of Leimert Park and Exposition Park, with excellent access to the 10 and 110 freeways and proximity to USC, enhancing tenant demand and long-term appreciation.
- ADU Development Potential
A large lot size of approximately 8,097 square feet presents significant potential for adding an Accessory Dwelling Unit (ADU), offering future income growth and increased property value.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1938, the property is 86 years old, which may imply potential for aging infrastructure, deferred maintenance, and future capital expenditures.
- Recent Price Adjustment
The listing price was recently reduced from $1.65M to $1.55M, which could suggest initial overpricing or market resistance at the original price point.
- ADU Verification Required
While ADU potential is noted, the need for the buyer to verify with the City of Los Angeles and an architect introduces an element of uncertainty and additional effort/cost for development.
About 2018 W 39th Street
Potential to Add 4 ADUs | Condo Conversion Potential - Check with City of Los Angeles for adding ADUs and or Condo Conversion. This 4 unit property is conveniently located near the 10 and 110 Freeways. There are 2 units upstairs and 2 units downstairs and all 4 units feature two bedroom-one bathroom. There is an on-site laundry. Detached 6 garage spaces but 1 garage space is currently occupied by the washer & dryer. Large lot size approximately 8,097 square feet. Separate Electricity & Gas Meters. Located nearby USC, restaurants, shops, retailers, and services. Excellent owner user or investment opportunity.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1938
- Lot Size
- 8,097 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,204 | 2,528 | 80% |
| Lot Size | 8,097 | 6,571 | 80% |
| Price | $1.55M | $1.20M | 60% |
| Price per sq ft | $369 | $460 | 20% |
| Built year | 1938 | 1938 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 586 | 198 | 0% |
Pricing History
Listed for Sale
Oct 28, 2025
$1,550,000
Initial Listing
Price Change
Jul 28, 2024
$1,650,000
Initial Listing
Sold
Dec 3, 2018
$1,465,000
Public Record
Sold
Dec 29, 2017
$910,000
Public Record