*** This exceptional five-unit multifamily property presents a rare value-add opportunity in the heart of rapidly evolving Exposition Park, one of Los Angeles’ most active rental markets e The property features an attractive and versatile unit mix consisting of one 2-bedroom, 1-bathroom unit, two expansive 5-bedroom, 2-bathroom units, one 4-bedroom, 2-bathroom unit, and one 3-bedroom, 1-bathroom unit. The large unit configurations and flexible layout create outstanding income potential for investors pursuing student housing, traditional multifamily rentals, or alternative housing strategies in a consistently high-demand location .Ideally situated 10 minutes walk distance to the University of Southern California, the property benefits from close proximity to some of Los Angeles’ most iconic destinations, including the Los Angeles Memorial Coliseum, a featured venue for the upcoming 2028 Olympic Games, the highly anticipated Lucas Museum of Narrative Art located less than half a mile away, only 10 minutes walk or 0.5 miles away ; Exposition Park, the California Science Center, the historic Rose Garden, BMO Stadium, and the Expo Line Metro Station offering convenient access from Downtown Los Angeles to Santa Monica .The property also provides easy access to major freeways and public transportation, further strengthening its long-term desirability and tenant demand .Adding to its exceptional appeal, the property is sitting in a 9,894 sq ft lot and it will be delivered almost vacant, offering investors a rare opportunity to immediately reposition the property, establish market rents, and maximize future income potential .This is an outstanding opportunity to acquire a well-located multifamily asset in one of Los Angeles’ most dynamic and transformative neighborhoods.
Property Sub Type:
Multi Family
Business Type:
Rental
Lot Area:
9,897 sq. ft.919 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1972
(Age: 54)
General Listing Location:
Los Angeles, C34 - Los Angeles Southwest
County Or Parish:
Los Angeles
Common Interest:
None
West of the freeway 110 and South of the freeway 10
Inclusions:
Apartment 1 and 4 have permanent tenants BUT apartment 2,3 & 5 have temporary tenants (airbnb)
Number of Buildings:
1
# Units Leased:
5
Laundry Features:
In Kitchen
Lot Features:
0-1 Unit/Acre, Corner Lot
Security Features:
Carbon Monoxide Detector(s), Fire Detection System, Security Gate, Smoke Detector(s)
Num Stories:
2
Entry Level:
1
Construction Materials:
Stucco
Roof:
Shingle
# Units:
5
Heating:
Wall Furnace
Cooling:
Wall/Window Unit(s)
Utilities:
Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Fencing:
Wrought Iron
Water supply:
Public
Uncovered Spaces:
10
Total Parking Spaces:
10
Special Listing Conditions:
Standard
Parcel Number:
5037020050
Zoning:
RD1.5-1-CPIO
5 units in a corner of 39th st & Budlong
5 units in a corner of 39th st & Budlong
5 units in a corner of 39th st & Budlong
5 units in a corner of 39th st & Budlong
Spacious Parking Lot &
Iron Gate
Spacious Parking Lot
Spacious Parking Lot
Spacious Parking Lot
Photo 9 of 43
Centrally located 10 minutes walk to USC, minutes from Downtown LA
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