1249 W 39th Pl | Los Angeles, CA 90037
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- LoopNet Team
1249 W 39th Pl
Los Angeles, CA 90037
LINQ on Thirty-Ninth · Multifamily Property For Sale
·
46 Units
INVESTMENT HIGHLIGHTS
- LINQ on Thirty-Ninth is a 42-unit, 69-bed community with a mix of one- and two-bed units with bed-bath parity built in 2020 in Los Angeles, California
- Currently, approximately 30% of tenants are students. An incoming investor could market this property as student housing and rent by the bed.
- LINQ on Thirty-Ninth is close to the E Line, which goes from East LA to Santa Monica and sees approximately 1.28 million riders per month
- LINQ on Thirty-Ninth sits one metro stop away from USC’s campus.
- USC does not require students to live on campus and has a current enrollment of 47,147.
- An incoming investor can grow rents at LINQ on Thirty-Ninth. This property sits below market when compared to similar product. ???????
PROPERTY FACTS
| No. Units | 46 | Lot Size | 0.51 AC |
| Property Type | Multifamily | Building Size | 31,677 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2020 |
| Zoning | LAR3 - Medium-Density Multi-Family Residential | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 31,677 SF |
| Average Occupancy | 93% |
| No. Stories | 4 |
| Year Built | 2020 |
| Zoning | LAR3 - Medium-Density Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Controlled Access
- Clubhouse
- Courtyard
- Fenced Lot
- Fitness Center
- Gated
- Gameroom
- Lounge
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 19 | - | 646 |
| 2+2 | 27 | - | 773 - 820 |
PROPERTY TAXES
| Parcel Number | 5037-007-037 | Improvements Assessment | $13,583,462 |
| Land Assessment | $3,198,913 | Total Assessment | $16,782,375 |
PROPERTY TAXES
Parcel Number
5037-007-037
Land Assessment
$3,198,913
Improvements Assessment
$13,583,462
Total Assessment
$16,782,375
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