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1271 W 39th Pl

8 Unit Block of Flats £3,550,500 (£443,812/Unit) 4.91% Net Initial Yield Los Angeles, CA 90037

Investment Highlights

  • Two story townhome style
  • Great investment, high return on investment
  • Newer construction with may upgrades
  • Close to USC, short commute to DTLA

Executive Summary

Newer custom townhouse style apartments with so many upgrades. Drive up and be taken in by the modern chic building. Enjoy the modern amenities with a spacious floor plan. Located just a few blocks from USC, Exposition Park, the Coliseum Natural History Museum, LA Memorial Coliseum and a short commute to DTLA. This location is so close to USC Campus and just a short commute into DTLA. Energy Efficient Central AC/Heat system. -Balcony. -Water resistant vinyl wood floors. -Gray Shaker cabinets with quartz countertops. -LED energy efficient recessed lighting. -In unit stackable washer and dryer -Stainless steel appliances included (refrigerator, stove & dishwasher). -Two gated/secure parking spaces. -Gated secure building with cameras. Spectrum Internet (200mps) & Cable included for tenants.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,550,500
Price Per Unit £443,812
Sale Type Investment
Net Initial Yield 4.91%
Gross Rent Multiplier 15.12
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.25 AC
Building Size 10,261 SF
Average Occupancy 100%
Number of Floors 2
Year Built 2019
Parking Ratio 1.46/1,000 SF
Opportunity Zone Yes

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • High Speed Internet Access
  • Refrigerator
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Wi-Fi

Site Amenities

  • Gated
  • Gas Range
  • Pet Play Area
  • Wi-Fi
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2.5 1 £2,130 1,186
3+2.5 6 £2,761 1,335
1+1.5 1 £2,130 820

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5037-007-019
Land Assessment
£1,271,673
Improvements Assessment
£1,379,742
Total Assessment
£2,651,415
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code LAR3 (Residential)
LAR3 (Residential)
  • Listing ID: 31536444

  • Date on Market: 17/04/2024

  • Last Updated:

  • Address: 1271 W 39th Pl, Los Angeles, CA 90037

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