$1,675,000

721 W 39th St Los Angeles, CA 90731

Estimated payment $10,926/month

Total Views 12,748
12 Beds
7 Baths
5,384 Sq Ft
$311 Price per Sq Ft

About This Home

We are pleased to present a rare coastal investment opportunity located just moments from the cliffs of the Pacific Ocean in a quiet, residential neighborhood. This well-maintained multifamily property consists of five spacious units three 2-bedroom, 1-bath units and two 3-bedroom, 2-bath units with an average unit size of 1,076 square feet. The property has undergone significant upgrades, including soft-story seismic retrofitting, new exterior railings, fresh exterior paint, and a recently renovated interior in one of the 3-bedroom units. Residents enjoy the peaceful surroundings and close proximity to scenic cliffside walking paths, creating a highly desirable living environment. With a projected 36% upside in rental income, this asset presents a compelling opportunity for investors seeking a high-quality, income-generating property with strong long-term potential.

Listing Agent

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 05/26/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,101 Sq Ft Lot
  • Lot Dimensions are 50x122

Parking

  • 5 Car Garage

Interior Spaces

  • 5,384 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 7467-021-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5384
  • Lot Acreage: 0.1401
  • Lot Dimensions: 50x122
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 7.00
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 311.11

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 44.97
  • Assessed Improvement Value: 821100
  • Assessed Land Percent: 55.03
  • Assessed Land Value: 1004700
  • Total Assessed Value: 1825800
  • Assessor Parcel Number: 7467-021-002
  • Lot Size Area: 6101

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.55
  • Number Of Units: 5
  • Total Annual Expense: 44749
  • Type Of Units: Standard
  • Vacancy Rate: 0

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

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 For Sale $1,675,000 -6.4% $311 / Sq Ft
06/16/2022 06/16/22 Sold $1,790,000 -0.4% $332 / Sq Ft
04/07/2022 04/07/22 For Sale $1,798,000 +28.0% $334 / Sq Ft
09/15/2020 09/15/20 Sold $1,405,000 -14.8% $261 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
02/23/2020 02/23/20 For Sale $1,650,000 -- $306 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25544867

The MLS