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Los Angeles, CA 90037,1234 W 39th PL
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Los Angeles, CA 90037,1234 W 39th PL
Los Angeles, CA 90037,1234 W 39th PL
Los Angeles, CA 90037,1234 W 39th PL
Los Angeles, CA 90037,1234 W 39th PL
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Karen Hiatt

Karen Hiatt

Engel & Völkers Americas

+1(805) 551-1225
$ 1,375,000
Est. payment /mo
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1234 W 39th PL Los Angeles, CA 90037

16 Beds

16 Baths

8,375 SqFt

UPDATED:

03/14/2025 12:27 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 8,375 sqft

Price per Sqft $164

MLS Listing ID 25506549

Bedrooms 16

Full Baths 16

HOA Y/N No

Year Built 1913

Lot Size 6,756 Sqft

Property Sub-Type Single Family Residence

Property Description

Delivered RTI -- Presenting an exceptional development opportunity with Ready-To-Issue (RTI) permits, located in the highly coveted USC/Exposition Park neighborhood. This site includes pre-approved RTI plans for a 6-unit student housing complex, in one of Los Angeles' most vibrant and rapidly growing areas. The plans feature two townhome-style buildings, each three stories high, along with an additional two-story building at the rear. The layout offers a great mix of unit types: the front building contains two townhomes, each with 3 bedrooms and 3 bathrooms; the middle building includes two townhomes, each with 4 bedrooms and 4 bathrooms; and the rear building consists of two 1-bedroom, 1-bathroom ADU's, with the potential to add more bedrooms due to available spaces. All units are thoughtfully designed to optimize both space and comfort. The property is ideally located near USC where newly constructed properties are consistently sold at premium prices or fully leased upon completion. The plans have been thoroughly vetted and are ready for immediate issuance, eliminating the typical delays associated with project approvals. With SB-8 in effect, fewer new constructions are underway, making properties like this an even rarer and more sought-after asset. This presents a unique opportunity to invest in a fully planned housing development in one of Los Angeles' most dynamic neighborhoods. Just down the street from Exposition Park, home to numerous stadiums and museums, a half-billion-dollar project is set to be completed before the upcoming Olympics. Whether you're an investor or a developer, this project offers the potential for significant returns in an exceptionally desirable location.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Exterior

Parking Features Carport

Pool None

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Story 1

Entry Level One

Architectural Style Mid-Century Modern

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5037005003

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Arash Pashaei • Keller Williams Beverly Hills
agent

Karen Hiatt

Advisor | License ID: 01966162

+1(805) 551-1225

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1234 W 39th PL