$1,300,000

1215 W 39th Place Los Angeles, CA 90037

Exposition Park Neighborhood

Estimated payment $7,327/month

4 Beds
2.5 Baths
2,828 Sq Ft
$460 Price per Sq Ft

Highlights

  • Gated with Attendant
  • Craftsman Architecture
  • Laundry Room
  • 0.25 Acre Lot
  • Living Room with Fireplace
  • Guest Parking

About This Home

Investor/Developer Opportunity Near USC! Zoned LAR3 with a deep 11,061 SF lot (50' x 222'), this duplex is ideally located in a high-demand rental area near Exposition Park and USC. Existing improvements include 2 detached structures totaling approx. 2,828 SF: one 1BR/1BA (788 SF) and one 3BR/1BA (2,040 SF). Property is believed to qualify for TOC Tier 3, offering potential for up to 22 units with density bonus, reduced parking, and height/setback incentives. Buyer to independently verify zoning, TOC eligibility, development potential, and all regulations with the City of Los Angeles. Walk Score 96. Ideal for student housing or infill multifamily. Property to be delivered vacant at close. Do not miss this rare build opportunity.

Listing Agent

Justin Borges

eXp Realty of Greater Los Angeles License #01940318 Listed on: 07/21/2025

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,502

Year Built

  • Built in 1923

Lot Details

  • 0.25 Acre Lot
  • South Facing Home

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,828 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2.5 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Guest Parking

Utilities

  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 5037-008-009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Security

  • Gated with Attendant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,502

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Investor/Developer Opportunity Near USC! Zoned LAR3 with a deep 11,061 SF lot (50' x 222'), this duplex is ideally located in a high-demand rental area near Exposition Park and USC. Existing improvements include 2 detached structures totaling approx. 2,828 SF: one 1BR/1BA (788 SF) and one 3BR/1BA (2,040 SF). Property is believed to qualify for TOC Tier 3, offering potential for up to 22 units with density bonus, reduced parking, and height/setback incentives. Property will be DELIVERED VACANT! Buyer to independently verify zoning, TOC eligibility, development potential, and all regulations with the City of Los Angeles. Walk Score 96. Ideal for student housing or infill multifamily. Property to be delivered vacant at close. Do not miss this rare build opportunity.
  • Living Area: 2828
  • Lot Acreage: 0.2539
  • Probate: Yes
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 4
  • Laundry: Laundry Area
  • Total Bathrooms: 2.50
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 459.69

Exterior Features

  • Direction Faces: South
  • Other Structures: Accessory Bldgs
  • View: No

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Parking Space, Parking for Guests, Oversized
  • Total Parking: 8

Utilities

  • Heating: Floor Furnace
  • Security: Guarded
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 60.01
  • Assessed Improvement Value: 101546
  • Assessed Land Percent: 39.99
  • Assessed Land Value: 67683
  • Total Assessed Value: 169229
  • Assessor Parcel Number: 5037-008-009
  • Lot Size Area: 11061

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 0

Tax Info

  • Mello Roos: Yes

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,502 $172,612 $69,036 $103,576
2024 $2,502 $169,229 $67,683 $101,546
2023 $2,466 $165,911 $66,356 $99,555
2022 $2,371 $162,658 $65,055 $97,603
2021 $2,325 $159,470 $63,780 $95,690
2020 $2,340 $157,836 $63,127 $94,709
2019 $2,265 $154,742 $61,890 $92,852
2018 $2,082 $151,709 $60,677 $91,032
2016 $1,963 $145,821 $58,322 $87,499
2015 $1,938 $143,631 $57,446 $86,185
2014 $1,960 $140,818 $56,321 $84,497
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $1,300,000 -- $460 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- American Title
Interfamily Deed Transfer -- United Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $73,500 No Value Available
Source: Public Records

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 25574067

The MLS

APN: 5037-008-009

California Los Angeles County Los Angeles 90037 Exposition Park

1215 W 39th Place, Los Angeles, CA

This home is located at 1215 W 39th Place, Los Angeles, CA 90037 and is currently priced at $1,300,000, approximately $459 per square foot. This property was built in 1923. 1215 W 39th Place is a home located in Los Angeles County with nearby schools including Lenicia B. Weemes Elementary School, Manual Arts Senior High School, and KIPP Vida Preparatory Academy.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Nearby Homes
Justin Borges
Listing Agent
Justin Borges
Section Image
eXp Realty of Greater Los Angeles
(323) 271-0788