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1256 W 39th St, Los Angeles, CA 90037
$1,800,000Just Listed
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- Multi-Family
- 24 Total Beds
- Updated 20 hours ago
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1256 W 39th St, Los Angeles, CA 90037View this property at 1256 W 39th St, Los Angeles, CA 90037
1256 W 39th StLos AngelesCA90037
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Property Description
1256 West 39th Street, a 12-unit value-add opportunity in the up-and-coming neighborhood of Exposition Park near the University of Southern California. Built in 1956, the property is situated on an 11,103 square foot parcel and comprises one gated 2-story building with a sizeable parking lot in the rear. The property features a desirable unit mix for the Exposition Park submarket, consisting of twelve (12) two-bedroom, one-bathroom units. Additionally, 1256 West 39th Street offers unique building features such as rear parking, separate water heaters for each unit, separate utility meters, and a gated community. 1256 West 39th Street has not been offered for sale on the open market and has been under the same ownership for the past 27 years. While the property has been maintained over the years, it has been virtually untouched, providing an astute investor with the chance to create a "jewel box" property in a rapidly changing submarket poised for growth. With current rents roughly ~$1,060 below market rents, a subsequent buyer can institute a comprehensive interior renovation strategy upon unit turnover and a modernized exterior improvement plan to capture this large loss to lease of approximately 50% on in-place rents.
Full Property Details
Full Property Detailsfor 1256 W 39th St
General
- Price: $1,800,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-419187
- Updated: 7/24/2024
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 24
Additional Information
- Other Features: None
Parking
- Garage Description: Uncovered
Location
- Area: Los Angeles Southwest
- County: Los Angeles
- Driving Directions: 1256 West 39th Street is located in the rapidly growing neighborhood of Exposition Park in Los Angeles, adjacent to University of Southern California. The area is experiencing significant growth due to its proximity to major attractions and institutions.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 7,980
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1956
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 12
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.255
- Lot Size: 11104
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $225.56
- Assessment Year: 1956
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5037-007-003
Quickly Find Out More
Listed by NorthMarq Realty Services, Inc., Elliot Hassan
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— 1256 W 39th St —
Elliot Hassan
NorthMarq Realty Services, Inc.
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NMLS#: 1598647
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Schools
Schoolsserving 1256 W 39th St
School District:Los Angeles Unified School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
1260 W 36th Pl, Los Angeles, CA 90007 | K-5 | 0.5 mi | |
3751 S Harvard Blvd, Los Angeles, CA 90018 | K-12 | 0.5 mi | |
4131 S Vermont Ave, Los Angeles, CA 90037 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided byGreatSchools. Ratings are on a scale of 1-10.Learn more about GreatSchools ratings.School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales Historyfor 1256 W 39th StGet Price Alerts and Save Property
Date
Details
Price
Change
Source
7/24/2024
Listed
$1,800,000
252.94%
MLS
8/08/1991
Sold
$510,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax Historyfor 1256 W 39th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,709
4%
$602,675
2%
2022
$8,359
2%
$590,859
2%
2021
$8,217
-1%
$579,275
1%
2020
$8,282
3%
$573,336
2%
2019
$8,003
2%
$562,096
2%
2018
$7,822
3%
$551,076
2%
2017
$7,631
3%
$540,271
2%
2016
$7,379
1%
$529,679
2%
2015
$7,285
-1%
$521,723
2%
2014
$7,391
—
$511,504
—
2013
$7,386
—
$509,194
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Costfor 1256 W 39th St
Listed by NorthMarq Realty Services, Inc., Elliot Hassan
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- Multi-Family
- Active
- Updated 2 days ago
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- Single Family
- Active
- Updated 2 days ago
3
Beds
2
Total Baths
1,802
Sq. Ft.
Save
- Multi-Family
- Active
- Updated 3 hours ago
8
Total Beds
Save
- Single Family
- Active
- Updated 14 hours ago
3
Beds
1
Total Bath
965
Sq. Ft.
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Price Reducednear 1256 W 39th St
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- Single Family
- Active
- Updated 1 day ago
3
Beds
1
Total Bath
720
Sq. Ft.
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- Multi-Family
- Active
- Updated 3 days ago
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- Business
- Active
- Updated 6 days ago
780
Sq. Ft.
Save
- Condo
- Active
- Updated 6 days ago
2
Beds
2
Total Baths
914
Sq. Ft.
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- Multi-Family
- Closed
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- Lots/Land
- Closed
0.1607
Acres
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- Duplex
- Closed
5
Beds
2
Total Baths
3,199
Sq. Ft.
Save
- Multi-Family
- Closed
13
Total Beds
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1256 W 39th St, Los Angeles, CA 90037 (MLS# 24-419187) is aMulti-Family property with units containing 24 bedrooms and 0 full bathrooms.1256 W 39th St is currently listed for $1,800,000 and was received on July 24, 2024.Want to learn more about 1256 W 39th St?Do you have questions about finding otherMulti-Familyreal estate for salein Exposition Park?You can browse all Exposition Park real estate orcontact a Coldwell Banker agent to request more information.
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