721 W 39th St Los Angeles, CA 90731
Estimated payment $10,520/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 25544867
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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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Information is deemed reliable but not guaranteed.
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