1286 West 39th Place

Los Angeles, CA 90037

$925,000
Price
5
Beds
5
Baths
1,384 Sq. Ft.
$668 / Sq. Ft.
1,384
Sq. Ft.
$668
per Sq. Ft.

Description

We are pleased to offer the opportunity to acquire this 5-bedroom + 5-bathroom co-living/ student housing investment, located just blocks to the University of Southern California (USC). The property has been completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, and an in-unit washer & dryer. The building is approximately 1,400 rentable SF on a 2,117 SF lot, and will be delivered vacant upon...We are pleased to offer the opportunity to acquire this 5-bedroom + 5-bathroom co-living/ student housing investment, located just blocks to the University of Southern California (USC). The property has been completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, and an in-unit washer & dryer. The building is approximately 1,400 rentable SF on a 2,117 SF lot, and will be delivered vacant upon the close of escrow. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01013548 • Carolwood Estates
  2. Listed by Zachary Tucker • DRE #02223521 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 1286 West 39th Place

Zoning
LARD1.5
Parcel Number
5037005010
Total Units
5.0
Living Area
1384
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
100%
Lot Size Area
2117

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748; Carolwood Estates, Zachary Tucker, DRE #02223521
Add your commute
LISTING UPDATED: 04/30/2024 12:01 AM

Property Details for 1286 West 39th Place

StatusActive
MLS #24-382563
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.05 AC / 2,117 SF
CountyLos Angeles County

Location

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748; Carolwood Estates, Zachary Tucker, DRE #02223521
Add your commute

Building Information for 1286 West 39th Place

Stories1Residences-Year Built1921Building Size-Lot Size0.05 AC / 2,117 SF

Payment Calculator

$5,769 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$721

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1286 West 39th Place

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: SFR Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $78,000
  • Net Operating Income: $64,708.00
  • Gross Income: $78,000
  • Cap Rate: 7.00%
  • Gross Rent Multiplier: $11.86
  • Total Annual Expense: 13292
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0486
  • Lot Size Square Feet: 2117
  • Lot Size Dimensions: 36x58
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 1
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Range/Oven, Refrigerator, Washer, Dishwasher, Dryer, Other
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-22-2024
  • Tenant Pays: Electricity, Gas, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $140,760.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $563,040.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $703,800.00

Property History for 1286 West 39th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1286 West 39th Place

Taxable ValueLand$563,040Additions$140,760Total$703,800
Tax Record2023$8,657 ($721 / month)
Home Facts
Beds3Total Finished SqFt1,384 SqFtAbove Grade Finished SqFt1,384 SqFtStories1Lot Size2,117 SqFtStyleSingle Family ResidenceYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5037-005-010

Schools near 1286 West 39th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Charter - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

USC Hybrid High College Prep
Charter9 to 12

Public Policy Charter
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1286 West 39th Place is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on April 22, 2024 by Carolwood Estates, it's currently listed at $925,000. It has been on the market for a total of 12 days and was last sold on April 6, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Foshay Learning Center, Manual Arts Senior High School and USC Hybrid High College Prep. 1286 West 39th Place is a 5-bed, 5-bath, 1,384 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carolwood Estates, Davis Saadian, DRE #01921748; Carolwood Estates, Zachary Tucker, DRE #02223521

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.