939 W College, Los Angeles, CA 90012
Local realty services provided by:CENTURY 21 Adams & Barnes
939 W College,Los Angeles, CA 90012
$5,790,000
- - Beds
- - Baths
- 22,677 sq. ft.
- Multi-family
- Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26076578
Source:CRMLS
Price summary
- Price:$5,790,000
- Price per sq. ft.:$255.32
About this home
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 (1st TD – 3year term - IO) for a qualified buyer with strong financials (40% down payment required).
The property is a podium style 4-story apartment that was built in 1972, has a large 22,677 SF building size, and situated on a ±12,171 SF LA-R4 zoned lot. It is a secured building with gated parking, has a central courtyard, shared laundry area (seller own machines), elevator, and covered garage parking. It offers a SUPERB unit mix of three (3) x 3bedroom + 2bathroom, twenty (20) x 2bedroom + 1bathroom, five (5) x 1bedroom + 1bathroom, and one (1) x Studio units. Approximately five (5) of the units have been updated (buyer to verify). Twenty-four (24) units have private balconies/patio with almost each balcony providing an unparalleled view of Downtown Los Angeles and the city. Each unit is separately metered for electricity and gas. All the units have updated electrical subpanels, and the main panels are waiting to be upgraded (pending permit from city).
The property has a central water heater, shared laundry room (seller own machines), and an elevator. All the tenants are on month-to-month lease. Parking is secured provided by 29 spaces....
Contact an agent
Home facts
- Year built:1972
- Listing ID #:AR26076578
- Added:60 day(s) ago
- Updated:June 07, 2026 at 10:39 AM
Rooms and interior
- Flooring:Carpet, Tile, Vinyl, Wood
- Living area:22,677 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Flat
- Year built:1972
- Building area:22,677 sq. ft.
- Lot area:0.28 Acres
- Lot Features:Level with Street, Near Public Transit, Rectangular Lot, Street Level
- Architectural Style:Contemporary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,790,000
- Price per sq. ft.:$255.32
- Tax amount:$68,749
Parking
- Total parking spaces:29
- Parking description:Assigned
- Garage:Yes
- Garage spaces:29
New listings near 939 W College
- New
$9,995,000Active5 beds 7 baths7,414 sq. ft.1859 N Doheny Drive, West Hollywood, CA 90069
MLS# CL26844519Listed by: REVEL REAL ESTATE - New
$850,000Active3 beds 2 baths1,008 sq. ft.2901 Elm Street, Los Angeles, CA 90065
MLS# GD26124677Listed by: JOHNHART REAL ESTATE - New
$920,000Active2 beds 1 baths1,571 sq. ft.3887 Roxton, Los Angeles, CA 90008
MLS# HD26124567Listed by: KELLER WILLIAMS HIGH DESERT - New
$949,900Active3 beds 3 baths1,664 sq. ft.1522 W 29th, Los Angeles, CA 90007
MLS# OC26124654Listed by: TOURVIA - New
$1,275,000Active4 beds 3 baths2,801 sq. ft.20906 Almazan Road, Woodland Hills, CA 91364
MLS# SB26123952Listed by: RYKER FLINT COMMERCIAL INC. - New
$555,000Active2 beds 1 baths1,084 sq. ft.350 W 59th, Los Angeles, CA 90003
MLS# SB26124347Listed by: INHERITANCE REALTY INC. - New
$450,000Active0 Acres1550 W Florence, Los Angeles, CA 90047
MLS# SR26115683Listed by: LPT REALTY, INC - New
$3,900,000Active3 beds 2 baths1,950 sq. ft.9633 Baden, Chatsworth, CA 91311
MLS# SR26123231Listed by: RODEO REALTY - New
$1,050,000Active3 beds 2 baths1,222 sq. ft.5943 Benner, Los Angeles, CA 90042
MLS# SR26124549Listed by: RE/MAX OF SANTA CLARITA - New
$1,050,000Active0 Acres10138 Sunland, Shadow Hills, CA 91040
MLS# SR26124606Listed by: PINNACLE ESTATE PROPERTIES