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1952 W 39Th St, Los Angeles, CA 90062
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1952 W 39Th St Los Angeles, CA 90062

$1,375,000 Sold Price as of 03/15/2022
  • 6 Beds
  • 6 Baths
  • 3,178 Sq.Ft.
Sold
$1,375,000 Sold Price as of 03/15/2022 Refinance Your Mortgage
Map preview of 1952 W 39Th St, Los Angeles, CA 90062

Property Overview: 1952 W 39Th St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,178 living square feet and 7,165 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful 6-unit bungalow property on a great street. Three side-by-side duplexes. Four of the units are 1BR + den, the other 2 are 1BR. All units have some outdoor space. Low expense property where tenants pay gas, electric and trash. Individual water heaters. Great in-place cash flow with lots of upside as well. Going-in cap rate of 4.50% allows for good leverage on the purchase. Market cap rate of 7.66%. The Units of 1952 and 1954 has Gated front yards. 3912 Unit has a gated side and small backyard. The other units share a common side yard area. Most tenants use the Den as a second bedroom. Tenants do not know the building is for sale, Please do not contact any tenants - Tenant interview is only upon accepted offer.

Listed by Charles Henderson | BRE #01488303 | BHRG
Last checked: 14 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
7,165
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21102119
City
Los Angeles
County
Los Angeles
Time on Site
916 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $605
  • Total Rent: $605
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,260
  • Total Rent: $1,260
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,719
  • Total Rent: $1,719
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,273
  • Total Rent: $1,273
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: 14.33
  • Gross Scheduled Income: --
  • Net Operating Income: $62,787
  • Gross Operating Income: $94,447
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1952 W 39Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Den, Gas, Kitchen, Living Room
Room Information
  • Flooring: Laminate
  • Den
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Security Features: Window Bars, Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Back Yard, Front Yard, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5035020012
  • Year Built Source: Assessor
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Very Close to USC and exit the 110 Frwy at Exposition Blvd./ Coliseum offramp Turn LF and then a RT on MLK Blvd. Make a RT on Van Ness Ave. Building on the Right hand side two blocks up on corner of 39th and Van Ness
View more facts & features

Local Los Angeles Agent

Sale History for 1952 W 39Th St

Last sold for $1,375,000 on March 15th, 2022

  • March, 2022

  • Mar 15, 2022

    Date

    Sold

    CRMLS: 21102119

    $1,375,000

    Price

  • Nov 4, 2021

    Date

    Active

    CRMLS: 21102119

    $1,395,000

    Price

  • October, 2018

  • Oct 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $985,000

    Price

  • February, 2014

  • Feb 5, 2014

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

Show More

Tax History for 1952 W 39Th St

Assessed Value (2020): $1,005,360
Year Land Value Improved Value Assessed Value
2020 $703,800 $301,560 $1,005,360

Home Value Compared to the Market

This property vs the competition

1952 W 39Th St sold on March 15, 2022 for 17.23% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $438.96 per/sqft which puts the price per square foot 41.86% lower than the current median sale per square foot for the city of Los Angeles.

About 1952 W 39Th St

Detailed summary of property

1952 W 39Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 3,178 living square feet, and sits on an approximately 7,165 square foot lot. 1952 W 39Th St was first listed on ArdentRealEstateGroup.com on November 4, 2021. The homeowner sold the property for $1,375,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 17.23% higher than the current median priced home. Local homes that are currently for sale include 3919 Halldale Ave, 4112 Dalton Ave and 2822 7th Ave. While the average home in Los Angeles, CA is selling in 94 days, 1952 W 39Th St has a days on market of 30 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1952 W 39Th St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1952 W 39Th St

Public county record property details
Beds
6
Baths
6
Year built
1923
Sq. Ft.
3,178
Lot Size
7,164
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
181
APN
5035-020-012

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,900
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), 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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