1234 W 39th Place Los Angeles, CA 90037
Exposition Park NeighborhoodEstimated payment $6,531/month
Total Views
15,244
16
Beds
16
Baths
8,421
Sq Ft
$131
Price per Sq Ft
Highlights
- Midcentury Modern Architecture
- No HOA
- 1-Story Property
- Wood Flooring
- Central Heating and Cooling System
About This Home
RTI Development Project with SB8 Exemption letter in hand. Ready to Start Construction!! Perfectly designed RTI development opportunity with Ready-To-Issue (RTI) permits, located in the highly coveted USC/Exposition Park neighborhood. This site includes approved RTI plans for a 6-unit apartment building, in one of Los Angeles' most vibrant and rapidly growing areas. The plans feature three townhome-style buildings, two of each are three stories high, along with an additional two-story building at the rear. The layout offers a great mix of unit types: the front building contains two townhomes, each with 3 bedrooms and 3 bathrooms; the middle building includes two townhomes, each with 4 bedrooms and 4 bathrooms; and the rear building consists of two 1-bedroom, 1-bathroom oversized ADU's, with the potential to add more bedrooms due to available spaces. All units are thoughtfully designed to optimize both space and comfort. The property is ideally located near USC where newly constructed properties are consistently sold at premium prices or fully leased upon completion. The plans have been thoroughly vetted and are ready for immediate issuance, eliminating the typical delays associated with project approvals. With SB-8 in effect, fewer new constructions are underway, making properties like this an even rarer and more sought-after asset. This presents a unique opportunity to invest in a fully planned housing development in one of Los Angeles' most dynamic neighborhoods. Just down the street from Exposition Park, home to numerous stadiums and museums, a half-billion-dollar project is set to be completed before the upcoming Olympics. Whether you're an investor or a developer, this project offers the potential for significant returns in an exceptionally desirable location.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,440
Year Built
- Built in 1913
Lot Details
- 6,755 Sq Ft Lot
- Lot Dimensions are 50x135
- Property is zoned LARD1.5
Home Design
- Midcentury Modern Architecture
Interior Spaces
- 8,421 Sq Ft Home
- 1-Story Property
- Wood Flooring
- Laundry in unit
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Full Bathrooms
Parking
- 2 Parking Spaces
- Carport
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5037-005-003
Map
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Home Values in the Area
Average Home Value in this Area
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 | $6,440 | $918,000 | $841,704 | $76,296 |
| 2024 | $6,440 | $510,653 | $359,779 | $150,874 |
| 2023 | $8,881 | $714,000 | $642,600 | $71,400 |
| 2022 | $8,476 | $700,000 | $630,000 | $70,000 |
| 2021 | $621 | $33,914 | $26,701 | $7,213 |
| 2020 | $622 | $33,568 | $26,428 | $7,140 |
| 2019 | $607 | $32,910 | $25,910 | $7,000 |
| 2018 | $514 | $32,265 | $25,402 | $6,863 |
| 2016 | $480 | $31,014 | $24,416 | $6,598 |
| 2015 | $475 | $30,549 | $24,050 | $6,499 |
| 2014 | $487 | $29,951 | $23,579 | $6,372 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2025 08/17/25 | Pending | -- | -- | -- |
| 08/11/2025 08/11/25 | For Sale | $1,100,000 | -- | $131 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $900,000 | Monarch Title | |
| Grant Deed | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Provident Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $810,000 | New Conventional | |
| Previous Owner | $450,000 | New Conventional | |
| Previous Owner | $190,000 | Negative Amortization | |
| Previous Owner | $65,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25576867
APN: 5037-005-003
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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