NOT LISTED FOR SALE

234 W 39th St Los Angeles, CA 90037

Historic South Central Neighborhood
10 Beds
9 Baths
5,602 Sq Ft
7,821 Sq Ft Lot

Last Sold September 01, 2023

Last sale price $1,405,000 $251 Per Sq Ft

71 Days on Market

About This Home

As of September 2023

This 8-unit property offers a unit mix of (6) 1-Bed/1-Bath, (1) 2-Bed/1.5-Bath, and (1) 2-Bed/1-Bath across three buildings totaling 7,821 SF at $266.87/SF. With a current CAP of 5.77% and a GRM of 11.27, the property offers huge upside potential with a market CAP of 9.51% and a market GRM of 7.81. Located just half a mile from The Coliseum and USC Campus in South LA, this property is ideally situated for a yield-focused investor looking for a profitable opportunity in a growing area.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 05/22/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 05/22/2023

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,821 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Interior Spaces

  • 5,602 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 8 / 7
  • Tax Tract Number 2311
  • Assessor Parcel Number 5122044007
  • $1,236 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 8 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,641
  • Maintenance Expense $3,979
  • Other Expense $5,600
  • Professional Management Expense $6,632
  • New Taxes Expense $18,661
  • Operating Expense $39,714
  • Gross Income $126,016
  • Net Operating Income $86,302

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.77
  • Price Per Unit: 186875
  • Professional Management Expense: 6632.00
  • Property Attached: No
  • Zoning: LAM1
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5122044007
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 250.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7821.00
  • Lot Size Acres: 0.1795

Multi Family

  • Gross Income: 126016.00
  • Gross Operating Income: 132648.00
  • Gross Scheduled Income: 132648.00
  • Insurance Expense: 3641.00
  • Lot Size Area: 7821.0000 Square Feet
  • Maintenance Expense: 3979.00
  • Net Operating Income: 86302.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 39714.00
  • Other Expense: 5600.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 10454.00
  • Total Expenses: 39714.00

Tax Info

  • New Taxes Expense: 18661.00
  • Tax Block: 7
  • Tax Census Tract: 2311.00
  • Tax Lot: 8
  • Tax Tract Number: 2311
  • TaxOtherAnnualAssessmentAmount: 1236.14

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $1,405,000 -6.0% $251 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/12/2023 07/12/23 Price Changed $1,495,000 -14.6% $267 / Sq Ft
05/22/2023 05/22/23 For Sale $1,750,000 -- $312 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brett Lyon

    Seller's Agent in 2023

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    3 in this area

    148 Total Sales

    Brett Lyon
    Section Image
  • Woody Stahl

    Seller Co-Listing Agent in 2023

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    3 in this area

    154 Total Sales

    Woody Stahl
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23084029

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90037 Historic South Central

234 W 39th St, Los Angeles, CA

This home is located at 234 W 39th St, Los Angeles, CA 90037 since 22 May 2023. This property was built in 1940. 234 W 39th St is a home located in Los Angeles County with nearby schools including Trinity Street Elementary School, Maple Primary Center, and William Jefferson Clinton Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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