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1952 W 39Th St

Los Angeles, CA 90062
  • $1,395,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 21-102119
UPDATED: 40 min ago
$1,395,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,178
    SQFT
  • $439
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

Beautiful 6-unit bungalow property on a great street. Three side-by-side duplexes. Four of the units are 1BR + den, the other 2 are 1BR. All units have some outdoor space. Low expense property where tenants pay gas, electric and trash. Individual water heaters. Great in-place cash flow with lots of upside as well. Going-in cap rate of 4.50% allows for good leverage on the purchase. Market cap rate of 7.66%. The Units of 1952 and 1954 has Gated front yards. 3912 Unit has a gated side and small backyard. The other units share a common side yard area. Most tenants use the Den as a second bedroom. Tenants do not know the building is for sale, Please do not contact any tenants - Tenant interview is only upon accepted offer.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/123033356
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1952 W 39Th St Los Angeles, CA 90062

  • Price: $1,395,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 40 min ago
  • MLS #: 21-102119
6
Beds
0
Baths
0
½ Baths
0.16
Acres
3,178
SQFT
$439
$/SQFT
1923
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
Beautiful 6-unit bungalow property on a great street. Three side-by-side duplexes. Four of the units are 1BR + den, the other 2 are 1BR. All units have some outdoor space. Low expense property where tenants pay gas, electric and trash. Individual water heaters. Great in-place cash flow with lots of upside as well. Going-in cap rate of 4.50% allows for good leverage on the purchase. Market cap rate of 7.66%. The Units of 1952 and 1954 has Gated front yards. 3912 Unit has a gated side and small backyard. The other units share a common side yard area. Most tenants use the Den as a second bedroom. Tenants do not know the building is for sale, Please do not contact any tenants - Tenant interview is only upon accepted offer.
Exterior Features

Cross Streets South Of Exposition Blvd. And East Of Arlington Av Direction Faces West Exterior Construction Frame Levels One Lot Description Back YardFront YardLandscapedCurbs Lot Location Corner Lot Lot Size Area 7165 Other Structures None Parking Garage None Patio Features Porch - FrontPatio Open Paved YN Yes Pool Description None Pool YN No Roof Flat Spa None Spa YN No Sprinklers None Style California Bungalow Tennis Court None Tennis YN No Total Parking 0 Water Frontage None

Interior Features

Baths Total 6.00 Common Walls Attached Cooking Appliances Oven-Gas Cooling None Den Yes Dining Room No Equipment Ceiling FanHood Fan Family Room No Fireplace Rooms DenGasKitchenLiving Room Flooring Laminate Heating Wall Gas Laundry None Laundry Equipment Own Rooms Den Water Heater Features Gas Windows Mini Blinds

Property Features

ADACompliance No Alley YN No Amenities None Assessed Total Value 1004700 Disability Access None Gross Income 97368 Gross Operating Income 94447 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 62787.00 Number Of Buildings 3 Number Of Units 6 Owner Pays Water Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features Window BarsSmoke DetectorLeasedCarbon Monoxide Detector(S) Sewer In Street Source Living Area Owner Source Lot Size Area Assessor Tenant Pays Gas Total Annual Expense 31660 Type Of Units 1Bed/1Bath Water District Water Heaters YN Yes Year Built Source Assessor Zoning Lar1

Listing provided courtesy of Charles Henderson DRE#01488303 of Bhrg.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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