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1168 W 38Th St, Los Angeles, CA 90037
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1168 W 38Th St Los Angeles, CA 90037

$1,370,000 Sold Price as of 07/23/2021
  • 5 Beds
  • 4 Baths
  • 3,296 Sq.Ft.
Sold
$1,370,000 Sold Price as of 07/23/2021 Refinance Your Mortgage
Map preview of 1168 W 38Th St, Los Angeles, CA 90037

Property Overview: 1168 W 38Th St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 3,296 living square feet and 6,664 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this four (4) unit, brand new construction multifamily investment opportunity, blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1924/2020, and fully updated/remodeled throughout, with approximately 3,296 rentable square feet on a 6,633 square foot lot. The investment is comprised of two (2) separate structures, with a unit mix consisting of three (3) spacious 1-bedroom + 1-bathroom units & one (1) 2-bedroom + 1-bathroom unit. One unit will be delivered vacant, and will cash flow at approximately $8,000/month fully occupied. The kitchens have granite countertops and wet bar, with brand new stainless steel appliances, dishwasher, and washer and dryer. The bedrooms are spacious, have large windows, and offers full walk in closets.

Listed by Davis Saadian | BRE #01921748 | Keller Williams Beverly Hills
Co-listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Last checked: 9 minutes ago | Last updated: January 11th, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,664
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21763180
City
Los Angeles
County
Los Angeles
Time on Site
1034 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: --
  • Net Operating Income: $68,882
  • Gross Operating Income: $94,080
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1168 W 38Th St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 5037012004
Location / Neighborhood
Location Information
  • Directions: 1168 W. 38th Street, LA 90037
View more facts & features

Local Los Angeles Agent

Sale History for 1168 W 38Th St

Last leased for $2,200 on May 30th, 2022

  • May, 2022

  • May 30, 2022

    Date

    Leased

    CRMLS: CV22071135

    $2,200

    Price

  • Apr 8, 2022

    Date

    Active

    CRMLS: CV22071135

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    NEW APARTMENT FOR RENT ! THIS UNIT IS A NEWLY REMODELED 2 BED + 1 BATH ABOUT 850 SQFT AND IN A VERY CONVENIENT LOCATION ! WALKING DISTANCE FROM USC AND ABOUT 10 MIN FROM DTLA! LOCATED BY 110 & 10 FWY ! *ALL APPLIANCES INCLUDED*

  • December, 2021

  • Dec 1, 2021

    Date

    Leased

    CRMLS: CV21236421

    $2,000

    Price

  • Oct 27, 2021

    Date

    Active

    CRMLS: CV21236421

    $2,000

    Price

  • Listing provided courtesy of CRMLS

    NEW APARTMENT FOR RENT ! THIS UNIT IS A NEWLY REMODELED 1 BED + 1 BATH ABOUT 825 SQFT AND IN A VERY CONVENIENT LOCATION ! WALKING DISTANCE FROM USC AND ABOUT 10 MIN FROM DTLA! LOCATED BY 110 & 10 FWY ! *ALL APPLIANCES INCLUDED*

  • October, 2021

  • Oct 27, 2021

    Date

    Price Change

    CRMLS: CV21163195

    $2,100

    Price

  • Aug 20, 2021

    Date

    Active

    CRMLS: CV21163195

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    NEW APARTMENT FOR RENT ! THIS UNIT IS A NEWLY REMODELED 2 BED + 1 BATH ABOUT 825 SQFT AND IN A VERY CONVENIENT LOCATION ! WALKING DISTANCE FROM USC AND ABOUT 10 MIN FROM DTLA! LOCATED BY 110 & 10 FWY ! *ALL APPLIANCES INCLUDED*

  • July, 2021

  • Jul 23, 2021

    Date

    Sold

    CRMLS: 21763180

    $1,370,000

    Price

  • Jul 20, 2021

    Date

    Pending

    CRMLS: 21763180

    $1,345,000

    Price

  • Jul 20, 2021

    Date

    Active

    CRMLS: 21763180

    $1,345,000

    Price

  • June, 2021

  • Jun 3, 2021

    Date

    Canceled

    CRMLS: 21733526

    $1,345,000

    Price

  • May 18, 2021

    Date

    Active

    CRMLS: 21733526

    $1,345,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this four (4) unit, brand new construction multifamily investment opportunity, blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1924/2020, and fully updated/remodeled throughout, with approximately 3,296 rentable square feet on a 6,633 square foot lot. The investment is comprised of two (2) separate structures, with a unit mix consisting of three (3) spacious 1-bedroom + 1-bathroom units & one (1) 2-bedroom + 1-bathroom unit. One unit will be delivered vacant, and will cash flow at approximately $8,000/month fully occupied. The investment offers a magnificent grassy yard, avocado tree and full privacy with beautiful flowers wrapping the perimeter. The kitchens have granite countertops and wet bar, with brand new stainless steel appliances, dishwasher, and washer and dryer. The bedrooms are spacious, have large windows, and offers full walk in closets built for two people.

  • October, 2019

  • Oct 15, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2019

  • Jun 19, 2019

    Date

    Canceled

    CRMLS: 19461288

    $2,000

    Price

  • Jun 7, 2019

    Date

    Price Change

    CRMLS: 19461288

    $2,000

    Price

  • May 14, 2019

    Date

    Price Change

    CRMLS: 19461288

    $2,195

    Price

  • May 1, 2019

    Date

    Active

    CRMLS: 19461288

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Beautiful and charming duplex unit located two blocks from USC and one block from the metro that takes you to Santa Monica and DTLA. Imagine being able to go to the beach with no traffic and no parking issues in fifteen minutes or going to downtown for dinner in ten minutes. This is not a not an apartment, this is a home and offers a grassy yard, avocado tree and full privacy with beautiful flowers wrapping the perimeter. The kitchen offers granite countertops and wet bar with Frigidaire appliances, dishwasher and washer and dryer (all are brand new). The bedroom offers a full walk in closet built for two people. The living room offers oversized windows that allows sunlight to effortlessly flow from room to room. One parking space. Street Parking.

  • June, 2019

  • Jun 4, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2018

  • Jun 7, 2018

    Date

    Canceled

    CRMLS: 18348140

    $2,100

    Price

  • May 28, 2018

    Date

    Active

    CRMLS: 18348140

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Beautiful and charming duplex unit located two blocks from USC and one block from the metro that takes you to Santa Monica and DTLA. Imagine being able to go to the beach with no traffic and no parking issues in fifteen minutes or going to downtown for dinner in ten minutes. This is not a not an apartment, this is a home and offers a grassy yard, avocado tree and full privacy with beautiful flowers wrapping the perimeter. The kitchen offers granite countertops and wet bar with Frigidaire appliances, dishwasher and washer and dryer (all are brand new). The bedroom offers a full walk in closet built for two people. The living room offers oversized windows that allows sunlight to effortlessly flow from room to room. ADT security cameras and monitoring included. One parking space.

  • March, 2017

  • Mar 7, 2017

    Date

    Sold

    CRMLS: 317000106

    $425,000

    Price

  • Jan 21, 2017

    Date

    Pending

    CRMLS: 317000106

    $475,000

    Price

  • Jan 5, 2017

    Date

    Active

    CRMLS: 317000106

    $475,000

    Price

  • Listing provided courtesy of CRMLS

    3U-Close to USC Campus, L.A. Memorial Coliseum, Nat. History Museum of L.A. County, Exposition Rail Line & 110 Fwy. 3 Bread and butter units which consist of front duplex at 1bd+1bth each, with separate front yards. Rear house at 1bd+1bth (has 2 bonus rooms). Large lot with 2 car det. garage plus 3 open spaces. Rear yard with fruit trees. Xlnt rental area with upside potential.

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Tax History for 1168 W 38Th St

Assessed Value (2020): $606,681
Year Land Value Improved Value Assessed Value
2020 $316,239 $290,442 $606,681

Home Value Compared to the Market

This property vs the competition

1168 W 38Th St sold on July 23, 2021 for 13.03% 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 $408.07 per/sqft which puts the price per square foot 45.95% lower than the current median sale per square foot for the city of Los Angeles.

About 1168 W 38Th St

Detailed summary of property

1168 W 38Th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 3,296 living square feet, and sits on an approximately 6,664 square foot lot. 1168 W 38Th St was first listed on ArdentRealEstateGroup.com on July 20, 2021. The homeowner sold the property for $1,370,000. 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 13.03% higher than the current median priced home. Local homes that are currently for sale include 3945 Denker Ave, 1414 W 30th St and 1387 W 30th St. 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 1168 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 1168 W 38Th St

Public county record property details
Beds
4
Baths
4
Year built
1920
Sq. Ft.
2,875
Lot Size
6,663
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5037-012-004

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?

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(714) 706-1823

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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.

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