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1078-1086 W, 39th St.

Los Angeles , California 90037

Listing Type:
For Sale
Listing Price:
$3,695,000.00
Property Type:
Multi-Family
Property Subtype:
Mid-Rise
Year Built:
Listing Status:
Active
Building Size:
8309 SqFt
Land Area:
0.56 Acres

Description:

This Multi-Family Opportunity consists of 14 residential units in 12 Cottage Style Buildings totaling 8,309 SF. It sits on 2 parcels totaling 24,410 SF of LA-RD1.5 zoned land. All units are 1 bedroom / 1 bathroom.
The site also allows for a future development opportunity. It currently allows for 16 units by right & up to 27 units with the Density Bonus! (BUYER TO DO THEIR OWN DUE DILIGENCE)
There is on-site parking in addition to ample street parking.
This offering will attract an investor looking for an income producing multi-family property in a densely populated area just west of USC Campus & Exposition Park, with 70% upside potential in rents.
APPROX. 8,309 SF OF TOTAL IMPROVEMENTS.
SITS ON TWO PARCELS TOTALING APPROX. 24,410 SF LA-RD1.5 LAND.
ALL 14 UNITS ARE 1 BEDROOM / 1 BATH.
LOCATED JUST WEST OF THE 110 FREEWAY.
CURRENT ZONING ALLOWS FOR 16 UNITS BY RIGHT & UP TO 27 UNITS WITH DENSITY BONUS!!!
ON-SITE PARKING + PLENTY OF STREET PARKING.
EXCELLENT LOCATION; JUST 2 BLOCKS WEST OF EXPOSITION PARK, LA COLISEUM,
BANC OF CALIFORNIA STADIUM, & 1/2 A MILE FROM USC CAMPUS.
OUTSTANDING DEMOGRAPHICS; OVER 50,000 PEOPLE RESIDING WITHIN A 1-MILE RADIUS & JUST UNDER 500,000 PEOPLE RESIDING WITHIN A 3-MILE RADIUS.

Presented by:

David  Yashar

Director

(310) 724-8043

(310) 710-5626

Click here to email

Listed by:

Keller Williams Realty Westside

L.A. Westside

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