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1272 W 38th St, Los Angeles, CA 90037
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1272 W 38th St Los Angeles, CA 90037

$1,050,000 Sold Price as of 10/06/2021
  • 6 Beds
  • 5 Baths
  • 2,190 Sq.Ft.
Sold
$1,050,000 Sold Price as of 10/06/2021 Refinance Your Mortgage
Map preview of 1272 W 38th St, Los Angeles, CA 90037

Property Overview: 1272 W 38th St Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,190 living square feet and 5,227 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention Investors! DUPLEX. Both buildings 3BR + 2BA. ...5.30% Pro Forma CAP RATE. 5 min walk to USC CAMPUS and Vermont EXPO line. VACANT and ready to rent now. Live in one and rent the other. This property has undergone extensive REMODEL. Recent upgrades with permits from LADBS & LA Public Works include a new sewer property line to city connection in 2019, 1 new roof, 8 windows, 2 tankless water heaters, and an electrical sub-panel. Also REMODELED kitchen, built-ins, fixtures, laminate flooring. Spacious floorplans with an abundance of Natural light! Gated property, 4-car uncovered parking. Ideal for USC STUDENT RENTALS. BACK BUILDING PREVIOUSLY RENTED to USC students $4500 for 9 months= $3375 per monthly income per year. One of LAs fastest-growing neighborhoods near the Memorial Coliseum (Host of the upcoming 2028 Olympics), Expo Park and Banc of California Stadium, the EXPO line, the highly anticipated 1 Billion Lucus Museum, and minutes to downtown, LA Convention Center, LA Live, and Staples Center. This RD 1.5 Lot is in an opportunity zone and has promising upside in neighborhood future development. SOLD AS-IS. ...*All furniture is virtually staged.

Listed by Meg Ostrow | BRE #01495358 | Compass
Last checked: 1 minute ago | Last updated: April 5th, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
5,227
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21777210
City
Los Angeles
County
Los Angeles
Time on Site
1119 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,375
  • Total Rent: $3,375
  • Pro Forma/Market Rent: $3,375
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.06
  • Gross Scheduled Income: --
  • Net Operating Income: $52,900
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1272 W 38th St

Interior Features
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Stackable
Fireplace Information
  • Has Fireplace
  • Kitchen, Living Room, Bath
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Security Features: Automatic Gate, Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 5037011005
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: First block South of Exposition | Fist block E of Normandie
View more facts & features

Local Los Angeles Agent

Sale History for 1272 W 38th St

Last leased for $3,300 on March 8th, 2022

  • March, 2022

  • Mar 15, 2022

    Date

    Hold

    CRMLS: OC21240497

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Don't pass up this opportunity to reside in this cozy 3BR + 2 bath fully remodeled rear detached duplex unit 5 min walk to USC CAMPUS and Vermont EXPO line. This property is available and ready to rent immediately! Extensive remodeling and tasteful finishes. Kitchen has also been remodeled with built-ins, fixtures, and laminate flooring. A spacious floorplan with an abundance of natural light. Gated property, 1-car uncovered parking. Competitively priced to lease quickly! Open house weekend Saturday January 8th and Sunday January 9th from 12 - 2 pm.

  • March, 2022

  • Mar 8, 2022

    Date

    Leased

    CRMLS: OC21240498

    $3,300

    Price

  • Nov 4, 2021

    Date

    Active

    CRMLS: OC21240498

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Don't pass up this opportunity to reside in this cozy 3BR + 2 bath fully remodeled rear detached duplex unit 5 min walk to USC CAMPUS and Vermont EXPO line. This property is available and ready to rent immediately! Extensive remodeling and tasteful finishes. Kitchen has also been remodeled with built-ins, fixtures, and laminate flooring. A spacious floorplan with an abundance of natural light. Gated property, 1-car uncovered parking. Competitively priced to lease quickly! Don't miss this opportunity and book your showing now! Open house weekend Saturday January 8th and Sunday January 9th from 12-2pm.

  • September, 2021

  • Sep 2, 2021

    Date

    Active Under Contract

    CRMLS: 21777210

    $999,000

    Price

  • Aug 26, 2021

    Date

    Active

    CRMLS: 21777210

    $999,000

    Price

  • August, 2021

  • Aug 26, 2021

    Date

    Canceled

    CRMLS: 21767578

    $1,100,000

    Price

  • Aug 2, 2021

    Date

    Active

    CRMLS: 21767578

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION INVESTORS! Two free-standing buildings, both 3BR + 2BA on one lot. Both interiors have undergone an extensive remodel and will be delivered vacant. Interior improvements include new appliances, built-ins, fixtures, laminate flooring & recessed lighting. Upgrades have been done with permits and approved by building and safety. They include a new roof, 8 windows, 2 tankless water heaters, and an electrical sub-panel. Both structures have individual electric & water meters with spacious floor plans and natural light throughout! Gated property, 4-car uncovered parking, and ample outdoor space. Walking distance to USC CAMPUS. Ideal for USC STUDENT RENTALS. Rent by the room or by the building. One of LAs fastest-growing neighborhoods NEAR the Memorial Coliseum (Host of the upcoming 2028 Olympics), Expo Park and Banc of California Stadium, the EXPO line, the highly anticipated 1 Billion Lucus Museum and MINUTES to downtown, LA Convention Center, LA Live, and Staples Center. This RD 1.5 Lot is in an opportunity zone and has promising upside in neighborhood future development. SOLD AS-IS.

  • May, 2019

  • May 11, 2019

    Date

    Sold

    CRMLS: MB18258913

    $735,000

    Price

  • Mar 26, 2019

    Date

    Pending

    CRMLS: MB18258913

    $749,900

    Price

  • Mar 3, 2019

    Date

    Active

    CRMLS: MB18258913

    $749,900

    Price

  • Feb 28, 2019

    Date

    Pending

    CRMLS: MB18258913

    $749,900

    Price

  • Nov 8, 2018

    Date

    Price Change

    CRMLS: MB18258913

    $749,900

    Price

  • Oct 25, 2018

    Date

    Active

    CRMLS: MB18258913

    $749,999

    Price

  • Listing provided courtesy of CRMLS

    Duplex in the heart of Exposition Park. The front 3 bed + 2 bath unit is newly remodeled. Updates include new laminate flooring, new interior & exterior paint, new double paned vinyl windows, recessed lighting and more. The kitchen features new self-close cabinets, granite counters, and mosaic backsplash. The rear unit is being enjoyed by a responsible family and will be sold with tenants in place. There are 2 separate parking entrances in the rear alley. The walking score is off the charts! Walk to the Expo Line Station, Rams Games, Museums, USC and more! This RD1.5 lot is also within the TOC map (Tier 3). There is a promising upside in future development. Live in one, rent the other or rent both? Either way, you don’t want to miss out!

  • May, 2019

  • May 9, 2019

    Date

    Sold (Public Records)

    Public Records

    $735,000

    Price

  • April, 2018

  • Apr 24, 2018

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

Show More

Tax History for 1272 W 38th St

Assessed Value (2020): $749,700
Year Land Value Improved Value Assessed Value
2020 $510,000 $239,700 $749,700

Home Value Compared to the Market

This property vs the competition

1272 W 38th St sold on October 6, 2021 for 10.8% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $456.16 per/sqft which puts the price per square foot 36.99% lower than the current median sale per square foot for the city of Los Angeles.

About 1272 W 38th St

Detailed summary of property

1272 W 38th St is a multi family that recently sold in Los Angeles, CA 90037. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 2,190 living square feet, and sits on an approximately 5,227 square foot lot. 1272 W 38th St was first listed on ArdentRealEstateGroup.com on August 27, 2021. The homeowner sold the property for $1,050,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 10.8% lower than the current median priced home. Local homes that are currently for sale include 862 W 41st St, 832 W 41st St and 828 W 41st St. While the average home in Los Angeles, CA is selling in 106 days, 1272 W 38th St has a days on market of 6 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1272 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 1272 W 38th St

Public county record property details
Beds
6
Baths
4
Year built
1923
Sq. Ft.
2,190
Lot Size
5,227
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
5037-011-005

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
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), 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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