Home | Los Angeles County | Los Angeles | 90012 | 939 W College
MLS: CRAR26076578 | Status: | Price: $5,790,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 12,175 | 1972 |
PRICED BELOW REPLACEMENT COST! 29-Unit Value-Add Opportunity by DODGER STADIUM w/ Panoramic DTLA Views, High-Upside Asset (±76% Rental Upside), 1972’s Construction, Seller May Carry 1st Trust Deed. 939 W College St., a 29-unit value-add apartment community by the Dodger Stadium area, within the Solano Canyon neighborhood. This value-add apartment investment was built in 1972 and offers an excellent location just within walking distance to the Dodger Stadium, Elysian Park, and just minutes away to Downtown Los Angeles, Chinatown, Little Tokyo, and all the shopping and lifestyle options in those areas. The property was solidly constructed with steel and concrete construction and offered at a very low price per unit and low price per square foot for it’s location and asset quality. Value-Add Potential The property is primed for aggressive repositioning. With current rents approximately 76% below market and all tenants on month-to-month leases, a new operator can capture the loss-to-lease upon unit turnover (subject to City of Los Angeles RSO). The Pro Forma analysis projects a stabilization Cap Rate of nearly 9.74%, making this a premier hedge against inflation. To facilitate a smooth transaction, the long-term owner (nearly 30 years) may be open for a Seller Carry Financing
| Field | Value |
|---|---|
| MLS # | CRAR26076578 |
| MLS Source | California Regional MLS |
| Days on Site | 14 |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Flat |
| Style | Contemporary |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage: 29 Car(s) |
| HOA Fee | $0 |
Handoko Chen
Growth Investment Group Pasade
License #: 01749321
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 29 | – |
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This listing information is up-to-date as of April 09, 2026. For the most current information, please contact Handoko Chen.