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1420 W 39th Street
USD 1,100,000
Property ID: 24390743
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1420 W 39th Street ,90062
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icon 9734 SqFt
icon Built in 1920
icon USD 113/SqFt
icon 5 Beds
icon 5 Full
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Location Street View
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Interior Details
Bedrooms
5
Bathrooms
5
Interior Size
4438
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1920
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Detailed Introduction Of This Home
This is a multifamily investment opportunity at 1420 W 39thSt in the Exposition Park neighborhood of Los Angeles, located just west of Normandie Ave and one mile from theUniversity of Southern California. The property features two structures, a fourplex and a free-standing bungalow at the rear of the property; the unit mix consists of three two-bedrooms and two one-bedrooms plus dens; the property will be delivered with RTI plans to build two one-bedroom ADU's (435 SF each); tenants currently use the back of the property for parking. The property is being offered at $248 PSF with substantial rental upside of over 126%; the ADU's can be built immediately and existing units can be brought to market over time as units turn. Alternatively, the 9,731 SF lot zoned LARD2 presents development potential through AB 2345 that could allow for unlimited density and an expedited entitlement process through Executive Directive 1 if a 100% affordable housing project is pursued (Buyer to verify). Located in a dense, infill location of Los Angeles with an easy commute to USC, Downtown and Crenshaw; close to multiple Metro local lines on Western Ave & Normandie Ave and a half-mile from the Expo/Western MetroRail Station.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1420 W 39th Street
USD 1,100,000 5 Beds
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