1138 W 38th St, Los Angeles, CA 90037
Image 2 for 1138 W 38th St, Los Angeles, CA 90037
Image 3 for 1138 W 38th St, Los Angeles, CA 90037
View Photos

1138 W 38th St Los Angeles, CA 90037

$3,150,000 Sold Price as of 10/28/2022
  • 16 Beds
  • 16 Baths
  • 7,206 Sq.Ft.
Sold
$3,150,000 Sold Price as of 10/28/2022 Refinance Your Mortgage

Map preview of 1138 W 38th St, Los Angeles, CA 90037

Property Overview: 1138 W 38th St Los Angeles, CA has 16 bedrooms, 16 bathrooms, 7,206 living square feet and 7,050 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2 Brand new 3 Story duplexes that are Residential Income Properties. ***The 4 Units total Approximately 7,206 Sq Ft. living area with 4 (2 car) garage each. Each Unit is a 4 Bed/4 Bath. All units have a fabulous open floor plan to the living room and kitchen area with great natural light. All Master Bedrooms in each unit have walk-in closets, with plenty of closet storage. They offer a Beautiful Modern look, with Custom kitchen Cabinets throughout and beautiful quartz countertops in each kitchen. The amazing floors are anti scratch waterproof vinyl. Reset lighting throughout the property and all the units include a HVAC system. There are tankless water heaters & separate water meters, so no sharing! The laundry area has hook-ups along with a 2 car tandem garage and back car stall parking. Very nice grass area in the front. Property comes with beautiful decorative permeable pavers throughout the driveway.

Listed by Chris Limon | BRE #01182471 | Century 21 A Better Service
Last checked: 15 minutes ago | Last updated: September 26th, 2023 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
7,050
HOA Dues
$0/mo
Year built
2022
Garage
8 Car
Property Type:
Fourplex
Status
Sold
MLS#
DW22185215
City
Los Angeles
County
Los Angeles
Time on Site
625 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0

Property Details for 1138 W 38th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: See Remarks
  • Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Multi-Level Bedroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator, Tankless Water Heater, Water Line to Refrigerator
Interior Features
  • Levels: Three Or More
  • Window Features: Double Pane Windows
  • Security Features: Automatic Gate, Security Lights
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Rain Gutters
  • Has Fence
  • New Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway, Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5037016026
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Property is not Attached
  • Accessibility Features: Other
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public, See Remarks
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: S Budlong Avae., & Budlong Ave. is cross with Exposition Blvd.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Loading...

Sale History for 1138 W 38th St

Last sold for $3,150,000 on October 28th, 2022
  • October, 2022

  • Oct 28, 2022

    Date

    Sold

    CRMLS: DW22185215

    $3,150,000

    Price

  • Aug 22, 2022

    Date

    Active

    CRMLS: DW22185215

    $3,250,000

    Price

  • October, 2020

  • Oct 3, 2020

    Date

    Expired

    CRMLS: CV20098729

    $1,060,000

    Price

  • May 27, 2020

    Date

    Active

    CRMLS: CV20098729

    $1,060,000

    Price

  • Listing provided courtesy of CRMLS

    They say opportunity comes once in a life time, in the case of 1138 W. 38th St Los Angeles, this is that opportunity. This property offers 2 homes on one lot in the bustling Exposition park area, of Los Angeles. Beaming with opportunity, the 3bd/2bth can rent for $3800 while the 2 bed/1 bath can rent for as much as $2400 . The property is owner occupied and will be delivered vacant at the close of escrow. Surrounded by Los Angeles landmarks such as USC, the Coliseum, the LA Metro Expo Light Rail line, the LAFC stadium,as well as, the billion dollar George Lucas Narrative Art museum, The local area surrounding the campus is poised to continue it's growth well into the future. Most intriguing about this property are the development prospects, this home is zoned LARD1.5 which allows for one dwelling unit to be built per 1,500 square feet of lot space. Meaning, a maximum of four new construction units may be developed on this 7000 sqft lot. This is ideal for the developer looking to establish student housing for the famous institution of higher learning only blocks away. Come see all this property has to offer for you and your portfolio today!!

  • August, 2020

  • Aug 12, 2020

    Date

    Sold

    CRMLS: CV20097693

    $850,000

    Price

  • Aug 11, 2020

    Date

    Pending

    CRMLS: CV20097693

    $1,060,000

    Price

  • May 27, 2020

    Date

    Active

    CRMLS: CV20097693

    $1,060,000

    Price

  • Listing provided courtesy of CRMLS

    They say opportunity comes once in a life time, in the case of 1138 W. 38th St Los Angeles, this is that opportunity. This property offers 2 homes on one lot in the bustling Exposition park area of Los Angeles. Beaming with opportunity, the 3bd/2bth can rent for $3800 while the 2 bed/1 bath can rent for as much as $2400 . The property is owner occupied and will be delivered vacant at the close of escrow. Surrounded by Los Angeles landmarks such as USC, the Coliseum, the LA Metro Expo Light Rail line, the LAFC stadium,as well as, the billion dollar George Lucas Narrative Art museum, The local area surrounding the campus is poised to continue it's growth well into the future. Most intriguing about this property are the development prospects, this home is zoned LARD1.5 which allows for one dwelling unit to be built per 1,500 square feet of lot space. Meaning, a maximum of four new construction units may be developed on this 7000 sqft lot. This is ideal for the developer looking to establish student housing for the famous institution of higher learning only blocks away. Come see all this property has to offer for you and your portfolio today!!

  • August, 2020

  • Aug 10, 2020

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

Show More

Tax History for 1138 W 38th St

Assessed Value (2020): $328,720
Year Land Value Improved Value Assessed Value
2020 $197,898 $130,822 $328,720

Home Value Compared to the Market

This property vs the competition

1138 W 38th St sold on October 28, 2022 for 173.11% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $451.01 per/sqft which puts the price per square foot 40.26% lower than the current median sale per square foot for the city of Los Angeles.

About 1138 W 38th St

Detailed summary of property

1138 W 38th St is a fourplex that recently sold in Los Angeles, CA 90037. This fourplex offered 16 bedrooms, 16 bathrooms, roughly 7,206 living square feet, and sits on an approximately 7,050 square foot lot. 1138 W 38th St was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $3,150,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 173.11% higher than the current median priced home. Local homes that are currently for sale include 1142 S Mariposa Ave, 2203 4th Ave and 1532 S Wilton Pl. While the average home in Los Angeles, CA is selling in 92 days, 1138 W 38th St has a days on market of 28 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1138 W 38th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1138 W 38th St

Public county record property details
Beds
4
Baths
3
Year built
1940
Sq. Ft.
2,357
Lot Size
7,050
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5037-016-026

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
31
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.