1165 39Th St, Los Angeles, CA 90037
5 Unit Apartment Building | $3,800,000 ($760,000/Unit) | 5.98% Cap Rate | Los Angeles, CA 90037
For Sale
Active
24 pictures
Asking Price $3,800,000
- Property Type
-
Multifamily
- Square Feet
- 6,135 SF
Listing Contacts
Dario Svidler
Property Overview
Partners CRE is proud to exclusively present for sale a 100% Brand New Construction, Non-Rent-Controlled 5 Unit Residential Building in the USC area!
The property features only Market Rate units with no RSO, and would command strong cash flow at market rents, with a large pool of USC Students as potential tenants!
With carefully designed layouts allowing for the renting of units by the room, this property boasts 13 Bedrooms + 2 Dens (could be used as bedrooms) and 6,135 SF of rentable square footage. The units all have open great rooms with Kitchen and Dining areas, they all have washers and dryers, air conditioning. The four larger units are townhouse-style and each have direct access to their own individual rooftop decks. There are outlets for Electric Vehicles and four sets of Solar Panels on the roofs.
Perfect for students (rent as a group or by the room!), teachers, employees…everyone. There are six parking spaces on site (four in the back and two tandem spaces in the drive way in the front) with the possibility of two more in front of the building. Or walk half a mile to the E / Expo Metro Subway station and head to the beach, Downtown LA, or connect to the rest of Southern California.
The property is walking distance to USC, Exposition Park (with the Natural History Museum, the new Lucas Museum of Narrative Art, BMO Stadium, the LA Memorial Coliseum…), The Shops at USC Village and much more.
Income information listed is Pro Forma. Property currently in lease-up.
The property features only Market Rate units with no RSO, and would command strong cash flow at market rents, with a large pool of USC Students as potential tenants!
With carefully designed layouts allowing for the renting of units by the room, this property boasts 13 Bedrooms + 2 Dens (could be used as bedrooms) and 6,135 SF of rentable square footage. The units all have open great rooms with Kitchen and Dining areas, they all have washers and dryers, air conditioning. The four larger units are townhouse-style and each have direct access to their own individual rooftop decks. There are outlets for Electric Vehicles and four sets of Solar Panels on the roofs.
Perfect for students (rent as a group or by the room!), teachers, employees…everyone. There are six parking spaces on site (four in the back and two tandem spaces in the drive way in the front) with the possibility of two more in front of the building. Or walk half a mile to the E / Expo Metro Subway station and head to the beach, Downtown LA, or connect to the rest of Southern California.
The property is walking distance to USC, Exposition Park (with the Natural History Museum, the new Lucas Museum of Narrative Art, BMO Stadium, the LA Memorial Coliseum…), The Shops at USC Village and much more.
Income information listed is Pro Forma. Property currently in lease-up.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 3
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 5
Highlights
- Not Subject to Rent Control - No Affordable Units
- Brand New Construction - 2 Buildings - 5 Large Units - 13 Bedrooms + 2 Dens that can be used as bedrooms
- Near USC and Exposition Park. Half a Mile to E/Expo Metro Station
- Perfect for Students, Teachers, Employees - Rent by the Room - High USC Demand Area
- Strong Cashflow at Market Rents
- Opportunity Zone
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].