234 W 39th St, Los Angeles, CA 90037

234 W 39th St, Los Angeles, CA 90037

Los Angeles, CA
$1,405,000

Property Description

This 8-unit property offers a unit mix of (6) 1-Bed/1-Bath, (1) 2-Bed/1.5-Bath, and (1) 2-Bed/1-Bath across three buildings totaling 7,821 SF at $312.39/SF. With a current CAP of 4.75% and a GRM of 13.19, the property offers huge upside potential with a market CAP of 7.87% and a market GRM of 9.20. Located just half a mile from The Coliseum and USC Campus in South LA, this property is ideally situated for a yield-focused investor looking for a profitable opportunity in a growing area.

Property Features

  • Sale Price: $1,405,000
  • Area Size: 5,602 Sq. Ft.
  • Land Area: 7,821 Sq. Ft.
  • Year Built: 1940
  • Listing Date: 5/22/2023
  • Closing Date: 9/1/2023
  • Units: 8
  • Current GRM: 13.19
  • Current Cap Rate: 4.76%
  • Price Per Unit: $218,750
  • Market GRM: 9.14
  • Market Cap Rate: 7.95%
  • Current NOI: $83,330

Lyon Stahl Investment Real Estate

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