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1311 W 38Th St, Los Angeles, CA 90062
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1311 W 38Th St Los Angeles, CA 90062

$720,000 Sold Price as of 04/11/2024
  • 5 Beds
  • 3 Baths
  • 2,608 Sq.Ft.
Sold
$720,000 Sold Price as of 04/11/2024 Refinance Your Mortgage
Map preview of 1311 W 38Th St, Los Angeles, CA 90062

Property Overview: 1311 W 38Th St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,608 living square feet and 5,255 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the market. Welcome to this spacious triplex in an Opportunity Zone located in Vermont Square! This property is perfect for an owner user looking to live in one unit while renting out the other two units, or a seasoned investor looking to take advantage of the 5,200 plus square foot (LARD1.5) lot by adding on to the property. The property consists of (Two) 2-bedroom 1 bath units in the front building and (One) 1 bedroom 1 bath detached unit in the rear building. Both 2-bedroom units are slightly over 1,000 square feet a piece. These units have identical floor plans that include spacious living rooms that flow nicely into the kitchen and dining areas. Flooded with natural light, these units offer nice-sized bedrooms with generous closet space. Each unit also includes a full bathroom with a shower/tub combination. The downstairs unit has a rear door that leads to the oversized backyard. With just over 500 square feet, the one-bedroom unit includes a washer and dryer inside. Other notable features include three uncovered parking spaces and separate utility meters. This property is located within close proximity to USC, DTLA, The Coliseum, BMO Stadium, Exposition Park, The Metro Line and great restaurants. With a little TLC, you can turn this property into a masterpiece.

Listed by Roderick Elzy | BRE #01995523 | Coldwell Banker Realty
Last checked: 14 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 113

Home details

Lot Sq. Ft
5,255
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23328943
City
Los Angeles
County
Los Angeles
Time on Site
307 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,165
  • Total Rent: $1,165
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $27,420
  • Gross Operating Income: $27,420
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1311 W 38Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator, Gas Oven
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Uncovered, Side by Side, Private, Street
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 5036001012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of MLK Jr. Blvd., South of Exposition Blvd., East of Western Ave and West of Normandie Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 1311 W 38Th St

Last sold for $720,000 on April 11th, 2024

  • April, 2024

  • Apr 11, 2024

    Date

    Sold

    CRMLS: 23328943

    $720,000

    Price

  • Nov 16, 2023

    Date

    Active

    CRMLS: 23328943

    $799,000

    Price

  • August, 2023

  • Aug 1, 2023

    Date

    Expired

    CRMLS: 22169135

    $829,000

    Price

  • Jun 20, 2022

    Date

    Active

    CRMLS: 22169135

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    *WE NOW HAVE AUTHORITY TO SELL* Spacious triplex in an Opportunity Zone (RD1.5)! Front building consists of (2) 2 bed/1 ba units at over 1,000 sq. ft. each. The detached rear building is just over 500 sq. ft. for a total of over 2600 sq. ft. in current living space. Situated on a lot of over 5200 sq. ft. With just the right amount of TLC, this property will be a gem to own. Conveniently located to all things LA, including USC, DTLA, public transportation and more! Great option for an owner occupant to live in one unit and rent out the other two units. Ample parking for 3 cars. One unit may be vacant at COE or within a short time thereafter.

  • October, 2000

  • Oct 27, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1311 W 38Th St

Assessed Value (2020): $261,767
Year Land Value Improved Value Assessed Value
2020 $172,218 $89,549 $261,767

Home Value Compared to the Market

This property vs the competition

1311 W 38Th St sold on April 11, 2024 for 28.66% 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 $306.37 per/sqft which puts the price per square foot 57.68% lower than the current median sale per square foot for the city of Los Angeles.

About 1311 W 38Th St

Detailed summary of property

1311 W 38Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,608 living square feet, and sits on an approximately 5,255 square foot lot. 1311 W 38Th St was first listed on ArdentRealEstateGroup.com on November 17, 2023. The homeowner sold the property for $720,000. 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 28.66% lower than the current median priced home. Local homes that are currently for sale include 1507 W 51St St, 1732 W 51st St and 1632 W 52nd St. While the average home in Los Angeles, CA is selling in 106 days, 1311 W 38Th St has a days on market of 113 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 1311 W 38Th St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1311 W 38Th St

Public county record property details
Beds
5
Baths
3
Year built
1921
Sq. Ft.
2,608
Lot Size
5,254
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5036-001-012

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$645,000
Median Sold Price/Sq.Ft.
$477
Total Inventory
42
Median Sale to List Price %
104.88%
Avg Days on Market
19
Loan Type
Conventional (12.5%), FHA (25%), VA (0%), Cash (37.5%), Other (12.5%)

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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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