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1166 W 39th Pl 2 Unit Apartment Building $899,000 ($449,500/Unit) 7.97% Cap Rate Los Angeles, CA 90037

Apartment Buildings California Los Angeles 1166 W 39th Pl, Los Angeles, CA 90037

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Investment Highlights

  • High demand rental area
  • LARD 1.5 zoning provides the ability for redevelopment or value add
  • Possibility of FHA financing
  • Two detached buildings on one lot
  • Located just minutes from USC
  • Possibility of transitional housing

Executive Summary

Located just minutes from USC, this property presents a rare opportunity for both investors and owner-users. Nestled in the heart of a rapidly appreciating area, this property offers unbeatable proximity to USC, the Natural History Museum, the highly anticipated Lucas Museum, BMO Stadium, the LA Coliseum, and a host of other cultural and entertainment landmarks. Property boasts two separate homes on the lot. Front house is a 6drm 2ba house with a bonus room, rear house is a 1bdrm 1ba. Property also has a LARD 1.5 zoning providing the ability for redevelopment or value add. A spacious front house and a detached rear unit provide flexibility for student housing, multi-generational living, or rental income. Whether you're looking to renovate and hold, occupy and rent, or develop and scale, this property checks all the boxes for a strategic real estate play in one of LA's most dynamic neighborhoods.

Financial Summary (Pro Forma - 2025)

Annual Annual Per SF
Gross Rental Income $110,400 $40.96
Other Income - -
Vacancy Loss - -
Effective Gross Income $110,400 $40.96
Taxes $5,968 $2.21
Operating Expenses $32,771 $12.16
Total Expenses $38,739 $14.37
Net Operating Income $71,661 $26.59

Financial Summary (Pro Forma - 2025)

Gross Rental Income
Annual $110,400
Annual Per SF $40.96
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $110,400
Annual Per SF $40.96
Taxes
Annual $5,968
Annual Per SF $2.21
Operating Expenses
Annual $32,771
Annual Per SF $12.16
Total Expenses
Annual $38,739
Annual Per SF $14.37
Net Operating Income
Annual $71,661
Annual Per SF $26.59

Property Facts

Price $899,000 Building Class C
Price Per Unit $449,500 Lot Size 0.16 AC
Sale Type Investment Building Size 2,695 SF
Cap Rate 7.97% Average Occupancy 50%
Gross Rent Multiplier 9.5 No. Stories 2
No. Units 2 Year Built 1915
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Apartment
Zoning LARD 1.5 - Restricted Density Multiple Dwelling
Price $899,000
Price Per Unit $449,500
Sale Type Investment
Cap Rate 7.97%
Gross Rent Multiplier 9.5
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.16 AC
Building Size 2,695 SF
Average Occupancy 50%
No. Stories 2
Year Built 1915
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning LARD 1.5 - Restricted Density Multiple Dwelling

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Deck
  • Dining Room
  • Pantry
  • Porch

Site Amenities

  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,563 -
6+2 1 $6,950 -
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Source: Local Logic®

Property Taxes

Parcel Number 5037-006-007 Total Assessment $479,430
Land Assessment $287,659 Annual Taxes $5,968 ($2.21/SF)
Improvements Assessment $191,771 Tax Year 2025

Property Taxes

Parcel Number
5037-006-007
Land Assessment
$287,659
Improvements Assessment
$191,771
Total Assessment
$479,430
Annual Taxes
$5,968 ($2.21/SF)
Tax Year
2025
(310) 382-0679

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 37882856

  • Date on Market: 9/30/2025

  • Last Updated:

  • Address: 1166 W 39th Pl, Los Angeles, CA 90037

More public record information on 1166 W 39th Pl, Los Angeles, CA 90037

The South Central LA Multifamily Property at 1166 W 39th Pl, Los Angeles, CA 90037 is currently available. Contact Danco, INC for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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1166 W 39th Pl
(310) 382-0679 x

1166 W 39th Pl

Daniel Perlstein
(310) 382-0679

Cecilia Perlstein
(310) 842-8234

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