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For Sale:$1,500,000
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HOA Dues:
(Based on a 30 year fixed loan at 3.38% with $300,000 down)
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1159 W 39th Street

Los Angeles, CA 90037

South Central LA
N/Asq ft N/A / sq ft MFR
Lot Size4,212sq ft Built1928 On site79days
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students, students per teacher
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The offering consists of 12 spacious studios that are currently rented to USC students and local residents. Recent upgrades include new windows and blinds, a coin-operated washer and dryer, and new interior and exterior paint. The property is fully occupied and stabilized and obtains relatively strong rents that are near market rates. The property is subject to rent control; because it is master-metered, the propertys rents may be raised by five percent every year (separately metered buildings can only raise rents by three percent). 1159 West 39th Street is located in an area poised for rapid appreciation in coming years. It is less than one-half of a mile from the University of Southern California, which makes it a convenient option for students who want to live within walking distance to campus. The property is also a short walk from the new MTA Light Rail Expo Line that connects Santa Monica/Culver City to Downtown Los Angeles, so this property is an attractive option for commuters as well. Additionally, the property is in close proximity to Exposition Park, home to the world-famous Los Angeles Coliseum as well as the planned new 22,000-seat soccer stadium that will be home to the Los Angeles Football Club. The stadium project is projected to create 1,800 new permanent jobs and $129MM in additional annual economic activity in the area.
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Last Checked For Updates: 42 minutes We update property info including price, photos, sale status and more as soon as it’s available. Here’s how we stay up-to-date. ago Status: Active Views: 6
MLS #PW16738225 , Listed on 11/01/16 by STEVEN M. BOGOYEVAC, BROKER
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MLS Listing Information for 1159 W 39th Street

Exterior Features

Lot Description

  • 11-15 Units/Acre

Lot Size

  • 4,212 Sq. Ft.

# of Units

  • 5 or more



  • Public

Additional Information


  • Los Angeles

Land Lease Type

  • Fee

Originating MLS

  • Multi-Regional Multiple Listing Service

Community Rec.

  • Urban


  • LARD1.5


  • 0

Listing Broker


Price History for 1159 W 39th Street

Date Event Price Source
11/01/16 New Listing $1,500,000 CRMLS (Socal)
10/08/14 Sale $980,000 Public Records
02/28/14 Sale $549,000 Public Records
05/22/13 Sale $875,000 Public Records
02/25/04 Sale $707,000 Public Records
06/13/03 Sale $436,000 Public Records
06/30/00 Sale $237,500 Public Records
07/08/98 Sale $128,000 Public Records
02/06/98 Sale $131,640 Public Records

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Public Record Information for 1159 W 39th St

Beds 12
Full Baths 12
Partial Baths 0
Property Type Apartment house (5+ units)
Sq. Ft. 6240
Lot Size 4212
Year Built 1928
FIPS 06037
APN 5037010002
Source Public Records

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Monthly Payment**:
Principal & Interest:
HOA Dues: $0
Loan Type Rate APR
30 yr fixed 3.38% 3.45%
15 yr fixed 2.75% 2.75%
5/1 ARM 2.63% 3.13%
Updated Mar 23, 2016   Disclosures

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Houses for sale near 1159 W 39TH ST
1159 W 39th Street, Los Angeles, CA 90037 is a property for sale. This Los Angeles, CA Multi-Family home has a lot size of 4,212 Sq. Ft. and has been on for 79 days. 1159 W 39th Street was built in 1928 and is currently listed for $1,500,000.

The 1159 W 39th Street Los Angeles, CA 90037 listing is provided courtesy of STEVEN M. BOGOYEVAC, BROKER. Want to find more homes for sale near you? On, you can view all Los Angeles MLS listings, see property photos, find a real estate agent and more. We update our real estate listings every 2 minutes, so your MLS search results are current and complete.
Local real estate services provided by:
Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage
5161 California Ave, Ste 250
Irvine, CA 92617

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Data last updated: Wednesday, January 18, 2017 at 9:41 AM. Properties in listings may have been sold or may no longer be available.