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Sold for $1,405,000 on 09/01/23
  • Listing Provided by: 

    Brett Lyon DRE #01717818 310-706-4066,

    Lyon Stahl Investment Real Estate, Inc.,

    Woody Stahl DRE #01399621 310-425-9838,

    Lyon Stahl Investment Real Est

    Bought with: Lyon Stahl Investment Real Estate, Inc.
    $1,405,000

    234 W 39th St, Los Angeles, CA 90037

    10beds
    9baths
    5,602sqft
    Mixed Use
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $251/sqft
    $3,320 Estimated rent

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    $8,757/mo

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    $8,757/mo

    Est. payment

    What's special

    This 8-unit property offers a unit mix of (6) 1-Bed/1-Bath, (1) 2-Bed/1.5-Bath, and (1) 2-Bed/1-Bath across three buildings totaling 7,821 SF at $266.87/SF. With a current CAP of 5.77% and a GRM of 11.27, the property offers huge upside potential with a market CAP of 9.51% and a market GRM of 7.81. Located just half a mile from The Coliseum and USC Campus in South LA, this property is ideally situated for a yield-focused investor looking for a profitable opportunity in a growing area.

    Zillow last checked: 8 hours ago

    Listing updated: September 01, 2023 at 10:38am

    Listing Provided by:

    Brett Lyon DRE #01717818 310-706-4066,

    Lyon Stahl Investment Real Estate, Inc.,

    Woody Stahl DRE #01399621 310-425-9838,

    Lyon Stahl Investment Real Est

    Bought with:

    Brett Lyon, DRE #01717818

    Lyon Stahl Investment Real Estate, Inc.

    Source: CRMLS,MLS#: SB23084029MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 9
    Appliances
    • Laundry: Gas Dryer Hookup
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 5,602
    • Total interior livable area: 5,602 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Garage
    • Garage spaces: 3
    • Uncovered spaces: 4
    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 7,821 sqft
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 5122044007
    • Zoning: LAM1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Urban
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 10454

    Other

    Other facts
    • Listing terms: Conventional