234 W 39th Street, Los Angeles, CA 90037

About this property

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.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,405,000

Sold September 2023 · listed $1,495,000, orig. $1,750,000, on market May 2023 · MLS #SB23084029 · Source: CRMLS

Listing Agent: Brett Lyon · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Brett Lyon · Lyon Stahl Investment Real Estate, Inc.

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