Listing Broker: Edgewater Realty Associates
Listing Agent: Matthew Souza
DRE #01954054: 01893613
562-652-7787
Come see this rare opportunity to own half an acre of land less than 1/2 mile from USC and steps away from Exposition Park.
Excellent Location - Located minutes from USC & DTLA. Exposition Park is within walking distance.
Historic South Los Angeles is a storied neighborhood.
Proximity to Major Freeways – 10, 5, 110, and 60 Freeways for seamless access to major corridors.
Strong Job Market - Located in an area with a Major Corporations and a skilled industrial labor pool and excellent public transit connectivity.
Proximity to Ports of LA and Long Bach & Airports.
12-Unit Apartment Complex (fully leased)
Eight detached 2-bed units + four 1-bed units
Building Total ± 7,904 SF | Lot Size ±25,986sf
Parcel No: 5037008015 (3,952sf / ±11,058sf)
Parcel No: 5037008016 (3,952sf / ±14,928sf)
Year Built: 1921/1926
In place rents: $9,981/mo
Parking at rear of property
| Listing Id: | RS26214491 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Lot Size Acres: | 0.5966 |
| Waterfront?: | No |
| Year Built: | 1921 |
| Additional Parcels Description: | 5037008016 |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Common Walls: | OneCommonWall |
| Construction Materials: | Stucco |
| Cooling: | None |
| Entry Level: | 1 |
| Fencing: | WroughtIron |
| Fireplace Features: | None |
| Gross Scheduled Income: | $123,300 |
| Interior Features: | CeilingFans, AllBedroomsDown |
| Levels: | One |
| Licenses Expense: | $1,460 |
| Listing Contract Date: | 2026-10-12 |
| Lot Features: | ElevenToFifteenUnitsAcre |
| Lot Size Area: | 25986.0 |
| Lot Size Source: | Assessor |
| Maintenance Expense: | $7,940 |
| Net Operating Income: | $54,900 |
| New Taxes Expense: | $30,000 |
| Number Of Separate Electric Meters: | 12 |
| Number Of Separate Water Meters: | 0 |
| Number Of Units Leased: | 12 |
| Parking Features: | Concrete, OnSite, Uncovered |
| Property Attached?: | Yes |
| Rent Control?: | Yes |
| Road Frontage Type: | CityStreet |
| Road Surface Type: | Paved |
| Spa Features: | None |
| State Or Province: | CA |
| Stories: | 1 |
| Tenant Pays: | Electricity, Gas, TrashCollection |
| Total Actual Rent: | $10,275 |
| Utilities: | ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected |
| View: | None |
| Walk Score: | 73 |
| Water Source: | Public |
| Property Sub Type Additional: | Apartment |
| Country Subdivision: | 06037 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06037:5037008015 |
| List Price: | $2,499,000 |
|---|---|
| Property Sub Type: | Apartment |
| Association Fee: | $0 |
| Lot Size Square Feet: | 25,986.0 |
| City: | Los Angeles |
| County Or Parish: | Los Angeles |
| Postal Code: | 90037 |
| Number Of Units Total: | 12 |
| Accessibility Features: | None |
| Additional Parcels?: | Yes |
| Room Type: | Bedroom |
| Building Area Total: | 7904.0 |
| Common Interest: | None |
| Community Features: | Curbs, Gutters, Sidewalks, Urban |
| Directions: | From DTLA, take 110 South to 10 West. Exit Normandie Ave and head South. Turn Left onto 39th Place. Complex on the Left. |
| Disclosures: | RentControl |
| Electric: | ElectricityOnProperty |
| Elevation Units: | Feet |
| Entry Location: | 1 |
| Flooring: | Carpet, Wood |
| Garage Spaces: | 0.0 |
| Gardener Expense: | $2,750 |
| Insurance Expense: | $4,080 |
| Laundry Features: | None |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Conventional |
| Lot Size Acres: | 0.5966 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | C34 - Los Angeles Southwest |
| Number Of Buildings: | 10 |
| Number Of Separate Gas Meters: | 12 |
| Operating Expense: | $68,400 |
| Original List Price: | $2,499,000 |
| Parcel Number: | 5037008015 |
| Pool Features: | None |
| Postal City: | LOS ANGELES |
| Professional Management Expense: | $2,400 |
| Roof: | Flat |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 1 |
| Supplies Expense: | $300 |
| Water Sewer Expense: | $19,470 |
| Year Built Source: | Assessor |
| Current Price: | $2,499,000.00 |
| Record Signature: | -1,028,979,904 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 14, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 14, 2026 07:23 AM - PT
Property Last Updated: October 14, 2026 07:23 AM - PT
