$5,790,000
939 W College, Los Angeles CA 90012
Multi-Family (29 Units)
Property type
57 days
On market
$255
Price per sqft
29 cars
Garage
1972
Year built
12,175 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Handoko Chen DRE #01749321, Growth Investment Group Pasade
Listing updated: Apr 9, 2026 at 09:16pm.
Last checked: Jun 5, 2026 at 06:31pm
Source: CRMLS #AR26076578
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 3 | 3 | 2 | 1 | $1,687 | $5,062 | $8,400 | Unfurnished |
| 20 | 2 | 1 | 1 | $1,387 | $27,732 | $50,000 | Unfurnished |
| 5 | 1 | 1 | 1 | $1,271 | $6,354 | $10,500 | Unfurnished |
| 1 | 0 | 1 | 1 | $947 | $947 | $1,850 | Unfurnished |
# of Buildings: 1
# of Units Total: 29
Separate Electric Meters: 30
Separate Gas Meters: 30
Separate Water Meters: 1
Carpet: 29
Rent Control: Yes
Units Leased: 29
Total Actual Rent: $40,095
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.8x
List Price / Annual Gross Rent
Cap Rate
4.5%
NOI / List Price
Gross Scheduled Income: $490,740
Vacancy Allowance Rate: 2%
Operating Expense: $220,397
Net Operating Income: $260,527
Annual Operating Expenses
Electric: $13,861
Gardener: $1,440
Fuel: $9,704
Insurance: $27,592
Maintenance: $25,294
New Taxes: $68,749
Pest Control: $891
Pool: $0
Professional Management: $0
Supplies: $0
Trash: $19,492
Water / Sewer: $30,000
Interior
Flooring: Carpet, Tile, Vinyl, Wood
Cooling: Wall Window Units
Heating: Wall Furnace
Fireplace: None
Laundry: Common Area
Entry Location: 1
Exterior
Architectural Style: Contemporary
Property Attached: Yes
Stories Total: 4
Levels: Three Or More
Roof: Flat
Common Walls: Two Common Walls Or More
Direction Faces: South
Lot Features: Thirty Six To Forty Units Acre, Level, Near Public Transit, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Electric: Standard
View: City Lights
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned
Garage Spaces: 29
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 29
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5406025028
Additional Parcels: No
Tax Lot: 1
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban
Nearby Schools
Nearby schools around the 939 W College, Los Angeles, CA 90012. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,632,000
Total Interest
$5,907,861
Total Payment
$10,539,861
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$35,459
per month
Property History for 939 W College
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90012.
Similar Homes
Listings with similar prices to 939 W College