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1286 W 39Th Pl, Los Angeles, CA 90037
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1286 W 39Th Pl Los Angeles, CA 90037

$925,000
  • 5 Beds
  • 5 Baths
  • 1,384 Sq.Ft.
For Sale
$925,000 Get Pre-Qualified
Map preview of 1286 W 39Th Pl, Los Angeles, CA 90037

Property Overview: 1286 W 39Th Pl Los Angeles, CA has 5 bedrooms, 5 bathrooms, 1,384 living square feet and 2,117 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this 5-bedroom + 5-bathroom co-living/ student housing investment, located just blocks to the University of Southern California (USC). The property has been completely updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, and an in-unit washer & dryer. The building is approximately 1,400 rentable SF on a 2,117 SF lot, and will be delivered vacant upon the close of escrow. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.

Listed by Davis Saadian | BRE #01921748 | Carolwood Estates
Co-listed by Zachary Tucker | BRE #02223521 | Carolwood Estates
Last checked: 4 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
2,117
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24382563
City
Los Angeles
County
Los Angeles
Time on Site
18 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7%
  • Gross Rent Multiplier: 11.86
  • Gross Scheduled Income: --
  • Net Operating Income: $64,708
  • Gross Operating Income: $78,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1286 W 39Th Pl

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 5
  • Parcel Number: 5037005010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1286 W. 39th Place | Los Angeles 90037
View more facts & features

Local Los Angeles Agent

Sale History for 1286 W 39Th Pl

Last sold for $690,000 on April 6th, 2022

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: 24382563

    $925,000

    Price

  • March, 2024

  • Mar 29, 2024

    Date

    Expired

    CRMLS: AR23184283

    $899,000

    Price

  • Oct 3, 2023

    Date

    Active

    CRMLS: AR23184283

    $949,000

    Price

  • Listing provided courtesy of CRMLS

    1286 W 39th Pl presents an exceptional investment property with 5 spacious ensuite bedrooms, each featuring its own private bathroom. Recently renovated and thoughtfully updated, this property boasts a brand-new roof, upgraded plumbing, and electrical systems, offering investors a turnkey solution ideally suited for USC students. Each bedroom can rent for $1200 per month. Property Features: 5 Ensuite Bedrooms: This unique property offers five ensuite bedrooms, ensuring individual privacy and comfort for each resident. Each bedroom is carefully designed with its own private bathroom, providing an ideal living space for students. Recent Renovations: This property has undergone significant improvements, including a brand-new roof, modernized plumbing, and updated electrical systems. These upgrades ensure long-term reliability and minimize maintenance for the discerning investor. Modern Kitchen: The kitchen has been tastefully renovated with modern amenities, stainless steel appliances, and elegant countertops, creating an inviting space for residents. Meticulously Maintained: In addition to the recent upgrades, the property has been meticulously cared for, reflecting a strong sense of ownership and pride in its condition. Neighborhood Advantages: Strategically located near USC, this property offers numerous benefits for student housing: USC Proximity: USC's campus is easily accessible from the property, enhancing its appeal to the university's student population. Investment Potential: With the high demand for student housing near USC, this property represents a lucrative income-generating opportunity for investors. Access to USC Village: The USC Village, featuring a variety of dining, shopping, and convenience options, is conveniently located nearby. Public Transportation: USC's strategic location provides students with convenient access to public transportation, facilitating easy connections to downtown Los Angeles and beyond. 1286 W 39th Pl is a turnkey investment property that has been thoughtfully updated and meticulously maintained. Whether you're an experienced investor or exploring the potential of student housing, this property offers an outstanding opportunity. Act now to secure your position in the thriving USC housing market!

  • April, 2022

  • Apr 8, 2022

    Date

    Sold

    CRMLS: SB22003770

    $690,000

    Price

  • Listing provided courtesy of CRMLS

    Home is located in highly developing area near Exposition Park, LA Memorial Coliseum, and USC. A very sought after neighborhood minutes from down town Los Angeles with the opportunity to create rentals or live in. This lot is zoned as LARD1.5 per tax assessor records. As you walk the neighborhood you see the busy new construction buildings in process. Come check out this 3 bedroom 1 bath, plus an additional bonus bathroom. This home is ready for you to make it your own or just start something new! Information provided deemed reliable but not guaranteed. Buyer to do their own investigations to satisfy themselves. All offers will be presented! Property sold in its current condition.

  • July, 1998

  • Jul 24, 1998

    Date

    Sold (Public Records)

    Public Records

    $129,000

    Price

  • April, 1997

  • Apr 15, 1997

    Date

    Sold (Public Records)

    Public Records

    $49,000

    Price

Show More

Tax History for 1286 W 39Th Pl

Assessed Value (2020): $184,900
Year Land Value Improved Value Assessed Value
2020 $120,401 $64,499 $184,900

Home Value Compared to the Market

This property vs the competition

1286 W 39Th Pl is listed 25.94% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $668.35 per/sqft which puts the price per square foot 13.65% lower than the median price per square foot for the city of Los Angeles.

About 1286 W 39Th Pl

Detailed summary of property

1286 W 39Th Pl is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 5 bedrooms, 5 bathrooms, roughly 1,384 living square feet, and sits on an approximately 2,117 square foot lot. 1286 W 39Th Pl was first listed on ArdentRealEstateGroup.com on April 22, 2024. The homeowner is currently asking $925,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 25.94% lower than the median priced home. Local competing homes currently for sale include 3734 S Harvard Blvd, 1266 W 35th Pl and 1492 W 35th Pl. While the average home in Los Angeles, CA is selling in 93 days, 1286 W 39Th Pl has a days on market of 16 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1286 W 39Th Pl Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1286 W 39Th Pl

Public county record property details
Beds
3
Baths
1
Year built
1921
Sq. Ft.
1,384
Lot Size
2,117
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
25,26
APN
5037-005-010

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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