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    316 W 39Th St

    Los Angeles, CA 90037
    • $1,350,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 20-609708
    UPDATED: 36 min ago
    $1,350,000
    • 4
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,184
      SQFT
    • $618
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built in 1936, with approximately 2,184 rentable square feet on a 7,500 square foot lot. The asset is comprised of a two-story structure, with a unit mix consisting of four (1) 1+1 units. Great development opportunity for light industrial or apartments. For multi-family development, 9 units by right or 17 units with TOC bonus. Excellent value add investment with a tremendous amount of upside.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. 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.
    www.lydiagable.com/homes/108275655
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    316 W 39Th St Los Angeles, CA 90037

    • Price: $1,350,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 20-609708
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,184
    SQFT
    $618
    $/SQFT
    1936
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built in 1936, with approximately 2,184 rentable square feet on a 7,500 square foot lot. The asset is comprised of a two-story structure, with a unit mix consisting of four (1) 1+1 units. Great development opportunity for light industrial or apartments. For multi-family development, 9 units by right or 17 units with TOC bonus. Excellent value add investment with a tremendous amount of upside.
    Exterior Features

    Lot Size Area 7500 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 4.00 Cooling Air Conditioning Equipment Gas Or Electric Dryer HookupMicrowave Heating None

    Property Features

    Assessed Total Value 44536 Gross Income 40680 Gross Operating Income 39460 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 27622.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 11838 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lamr1

    Listing provided courtesy of Sherwin Soumekh DRE#02022101 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377