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1166 W 39th Pl 2 Unit Apartment Building $1,225,283 CAD ($612,642 CAD/Unit) 7.97% Cap Rate Los Angeles, CA 90037

Apartment Buildings California Los Angeles 1166 W 39th Pl, Los Angeles, CA 90037

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Investment Highlights

  • High demand rental area
  • LARD 1.5 zoning provides the ability for redevelopment or value add
  • Possibility of FHA financing
  • Two detached buildings on one lot
  • Located just minutes from USC
  • Possibility of transitional housing

Executive Summary

Located just minutes from USC, this property presents a rare opportunity for both investors and owner-users. Nestled in the heart of a rapidly appreciating area, this property offers unbeatable proximity to USC, the Natural History Museum, the highly anticipated Lucas Museum, BMO Stadium, the LA Coliseum, and a host of other cultural and entertainment landmarks. Property boasts two separate homes on the lot. Front house is a 6drm 2ba house with a bonus room, rear house is a 1bdrm 1ba. Property also has a LARD 1.5 zoning providing the ability for redevelopment or value add. A spacious front house and a detached rear unit provide flexibility for student housing, multi-generational living, or rental income. Whether you're looking to renovate and hold, occupy and rent, or develop and scale, this property checks all the boxes for a strategic real estate play in one of LA's most dynamic neighborhoods.

Financial Summary (Pro Forma - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $150,179 $55.73
Other Income - -
Vacancy Loss - -
Effective Gross Income $150,179 $55.73
Taxes $8,118 $3.01
Operating Expenses $44,579 $16.54
Total Expenses $52,697 $19.55
Net Operating Income $97,482 $36.17

Financial Summary (Pro Forma - 2025)

Gross Rental Income (CAD)
Annual $150,179
Annual Per SF $55.73
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $150,179
Annual Per SF $55.73
Taxes (CAD)
Annual $8,118
Annual Per SF $3.01
Operating Expenses (CAD)
Annual $44,579
Annual Per SF $16.54
Total Expenses (CAD)
Annual $52,697
Annual Per SF $19.55
Net Operating Income (CAD)
Annual $97,482
Annual Per SF $36.17

Property Facts

Price $1,225,283 CAD Building Class C
Price Per Unit $612,642 CAD Lot Size 0.16 AC
Sale Type Investment Building Size 2,695 SF
Cap Rate 7.97% Average Occupancy 50%
Gross Rent Multiplier 9.5 No. Stories 2
No. Units 2 Year Built 1915
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Apartment
Zoning LARD 1.5 - Restricted Density Multiple Dwelling
Price $1,225,283 CAD
Price Per Unit $612,642 CAD
Sale Type Investment
Cap Rate 7.97%
Gross Rent Multiplier 9.5
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.16 AC
Building Size 2,695 SF
Average Occupancy 50%
No. Stories 2
Year Built 1915
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning LARD 1.5 - Restricted Density Multiple Dwelling

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Deck
  • Dining Room
  • Pantry
  • Porch

Site Amenities

  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $2,130 CAD -
6+2 1 $9,472 CAD -
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 5037-006-007 Total Assessment $652,648 CAD
Land Assessment $391,590 CAD Annual Taxes $8,118 CAD ($3.01 CAD/SF)
Improvements Assessment $261,058 CAD Tax Year 2025

Property Taxes

Parcel Number
5037-006-007
Land Assessment
$391,590 CAD
Improvements Assessment
$261,058 CAD
Total Assessment
$652,648 CAD
Annual Taxes
$8,118 CAD ($3.01 CAD/SF)
Tax Year
2025
(310) 382-0679

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 37882856

  • Date on Market: 2025-09-30

  • Last Updated:

  • Address: 1166 W 39th Pl, Los Angeles, CA 90037

The South Central LA Multifamily Property at 1166 W 39th Pl, Los Angeles, CA 90037 is currently available. Contact Danco, INC for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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1166 W 39th Pl
(310) 382-0679 x

1166 W 39th Pl

Daniel Perlstein
(310) 382-0679

Cecilia Perlstein
(310) 842-8234

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