2018 W 39th Street, Los Angeles, California 90008, Los Angeles, 90008 - 0 bed, 0 bath
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Los Angeles, California 90008
This Value-Add Quadruplex Asset is listed at $1,550,000, representing a stable entry point at its $1,550,000 Fair Market Value. Currently maintaining a Condition Rating of 4, the property offers significant forced appreciation through ADU Development Potential on the expansive 8,097 sqft lot and Condo Conversion possibilities. With four 2-bedroom units and a detached 6-car garage, the property leverages high rental demand near USC and major transit corridors. This is a strategic, income-producing acquisition perfectly suited for Buy-and-Hold Investors or Developers looking to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2018 W 39th Street Subject | $1,550,000* List Price | 0 | 0 | 4,204 | $369 | - |
A 3968 Arlington Avenue Active | $1,100,000 List Price | 0 | 0 | 2,720 | $404 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
The property is fully occupied and generates a stable high income, offering immediate cash flow and a reliable return on investment.
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.
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.
Built in 1938, the property is 86 years old, which may imply potential for aging infrastructure, deferred maintenance, and future capital expenditures.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,204 | 2,250 |
| Lot Size | 8,097 | 5,864 |
| Price | $1.55M | $826.7K |
| Price per sq ft | $369 | $395 |
| Built year | 1938 | 1925 |
| HOA | $0 | $0 |
| Days on market | 724 | 83 |
Oct 28, 2025
$1,550,000
Initial Listing
Jul 28, 2024
$1,650,000
Initial Listing
Dec 3, 2018
$1,465,000
Public Record
Dec 29, 2017
$910,000
Public Record