Multifamily
1623 W 39th Pl
1623 W 39th Pl, Los Angeles, CA 90062
Listing Price: $1,600,000
Investment Overview
Marcus and Millichap is proud to present the opportunity to acquire a 10-unit multifamily property in the highly desirable Exposition Park neighborhood of South Los Angeles. Built in 1930, this property features a unit mix of (10) 1Bed/1Bath units, totaling 6,552 rentable square feet on a 5,409 square foot lot. The property benefits from individual gas and electric metering, reducing operating expenses and increasing efficiency for an owner. With (5) units currently vacant, this asset presents investors an opportunity to achieve market rents and stabilize quickly. The remaining (5) occupied units have an average rent of $952, offering potential for increased income through tenant turnover or negotiated relocations. Though there is no on-site parking, its central location ensures accessibility for tenants utilizing public transit and nearby amenities.
The building is ideally situated near the University of Southern California (USC), the Los Angeles Memorial Coliseum, Banc of California Stadium, and numerous employment and entertainment hubs, ensuring strong rental demand.
Investment Highlights
- Attractive Unit Mix: (10) 1Bed/1Bath Units
- Significant Value-Add Potential
- 84% Upside in Rents on Occupied Units
- Individually Metered for Gas and Electric
- (5) Units Delivered Vacant
- Proximity to USC, entertainment venues, and major transportation corridors
Exclusively Listed By
Financing By
Listing Price: $1,600,000
Investment Highlights
- Attractive Unit Mix: (10) 1Bed/1Bath Units
- Significant Value-Add Potential
- 84% Upside in Rents on Occupied Units
- Individually Metered for Gas and Electric
- (5) Units Delivered Vacant
- Proximity to USC, entertainment venues, and major transportation corridors
Investment Overview
Marcus and Millichap is proud to present the opportunity to acquire a 10-unit multifamily property in the highly desirable Exposition Park neighborhood of South Los Angeles. Built in 1930, this property features a unit mix of (10) 1Bed/1Bath units, totaling 6,552 rentable square feet on a 5,409 square foot lot. The property benefits from individual gas and electric metering, reducing operating expenses and increasing efficiency for an owner. With (5) units currently vacant, this asset presents investors an opportunity to achieve market rents and stabilize quickly. The remaining (5) occupied units have an average rent of $952, offering potential for increased income through tenant turnover or negotiated relocations. Though there is no on-site parking, its central location ensures accessibility for tenants utilizing public transit and nearby amenities. The building is ideally situated near the University of Southern California (USC), the Los Angeles Memorial Coliseum, Banc of California Stadium, and numerous employment and entertainment hubs, ensuring strong rental demand.
Exclusively Listed By
Financing By

