Property Description

We are pleased to present a six (6) unit apartment building located at 1191 W 39th Place in Los Angeles, California. The subject property is located in a great South LA location, south of Exposition Boulevard and east of Normandie Avenue. 1191 W 39th Place is a charming 6-unit bungalow-style apartment community located directly adjacent from Exposition Park/USC. Built in 1928, this character-rich property features six (6)1-bedroom/1-bathroom units. Two units will be delivered vacant at close, giving investors the rare opportunity to bring in market rents from day one. The standalone bungalow-style units are highly sought after by tenants, offering privacy and charm rarely found in larger multifamily buildings. The surrounding neighborhood is experiencing a surge of new development bordered by the newly built George Lucas Museum, expansion of Expo Park, and newly residential apartment buildings at 1249 W 39th Pl and 1271 W 39th Pl. This area is poised for even greater growth, making it an attractive investment opportunity in the South LA area. Situated in a great South LA Location, this property offers investors a unique opportunity to capitalize on a 40% rental upside potential, allowing for substantial income growth and a strong return on investment as the area continues to appreciate.

ESSENTIAL INFO

• Status: Active Under Contract