Investor/Developer Opportunity Near USC! Zoned LAR3 with a deep 11,061 SF lot (50' x 222'), this duplex is ideally located in a high-demand rental area near Exposition Park and USC. Existing improvements include 2 detached structures totaling approx. 2,828 SF: one 1BR/1BA (788 SF) and one 3BR/1BA (2,040 SF). Property is believed to qualify for TOC Tier 3, offering potential for up to 22 units with density bonus, reduced parking, and height/setback incentives. Buyer to independently verify zoning, TOC eligibility, development potential, and all regulations with the City of Los Angeles. Walk Score 96. Ideal for student housing or infill multifamily. Property to be delivered vacant at close. Do not miss this rare build opportunity.
For sale
$1,300,000
1215 W 39th Pl, Los Angeles, CA 90037
4beds
3baths
2,828sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$1,269,000 Zestimate®
$460/sqft
$-- HOA
What's special
- 1 day
- on Zillow |
- 63 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 10:06am
Listed by:
Justin Borges DRE # 01940318 323-684-4421,
eXp Realty of Greater Los Angeles 888-652-1314
Source: CLAW,MLS#: 25574067

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Floor Furnace
Cooling
- None
Appliances
- Laundry: Laundry Area
Features
- Ceiling Fan(s)
- Has fireplace: Yes
- Fireplace features: Living Room
Interior area
- Total structure area: 2,828
- Total interior livable area: 2,828 sqft
Property
Parking
- Total spaces: 8
- Parking features: Parking Space, Guest, Oversized
- Uncovered spaces: 8
Features
- Levels: One
- Stories: 2
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 0.25 Acres
Details
- Additional structures: Accessory Bldgs
- Parcel number: 5037008009
- Zoning: LAR3
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Condition
- Year built: 1923
Community & HOA
Community
- Security: Guarded
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $169,229
- Annual tax amount: $2,502
- Date on market: 8/4/2025
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