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1363 W 38Th St, Los Angeles, CA 90062
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1363 W 38Th St Los Angeles, CA 90062

$770,000 Sold Price as of 11/01/2021
  • 7 Beds
  • 3 Baths
  • 1,768 Sq.Ft.
Sold
$770,000 Sold Price as of 11/01/2021 Refinance Your Mortgage
Map preview of 1363 W 38Th St, Los Angeles, CA 90062

Property Overview: 1363 W 38Th St Los Angeles, CA has 7 bedrooms, 3 bathrooms, 1,768 living square feet and 5,013 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fixer or development project - 2 houses on a lot. This property will appeal to the savvy investor looking for a "value-add" opportunity in a neighborhood experiencing substantial revitalization. Nicely situated moments from USC, museums, coliseum and metro stop. Take advantage of the TOC Tier 3 density bonus along with desirable IRS "Opportunity Zone" tax benefits. The front house is a 3+1 and is tenant occupied. The detached rear house is a vacant 2+1. Each has its own laundry room. Also a detached 2 car garage to the rear. The buildings total 1768 sq ft on a 5013 sf lot, zoned LAR1.5

Listed by Richard Casillas | BRE #01926251 | Sotheby's International Realty
Last checked: 9 minutes ago | Last updated: March 4th, 2024 | Source CRMLS | DOM: 170

Home details

Lot Sq. Ft
5,013
HOA Dues
$0/mo
Year built
1902
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
21695002
City
Los Angeles
County
Los Angeles
Time on Site
1163 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $926
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $7,732
  • Gross Operating Income: $11,232
Annual Expense Breakdown
  • Total Operating Expense: --
  • Maintenance: $1,200
  • Water/Sewer: $3,450

Property Details for 1363 W 38Th St

Interior Features
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile, Laminate
  • Attic
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5036001027
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Accessibility Features: None
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: 1 block south of Exposition Blvd, between Vermont Ave/Normandie Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1363 W 38Th St

Last sold for $770,000 on November 1st, 2021

  • March, 2024

  • Mar 4, 2024

    Date

    Withdrawn

    CRMLS: SR23224814

    $689,000

    Price

  • Dec 12, 2023

    Date

    Active

    CRMLS: SR23224814

    $719,000

    Price

  • Listing provided courtesy of CRMLS

    Exceptional Investment Opportunity and priced to sell! Presenting a prime 3-unit multifamily gem, strategically located within a half mile from USC. This property boasts a unique configuration with a converted garage into a stylish studio with a full bath and kitchenette, perfect for additional income or flexible living arrangements. The rear 2+1 unit has been recently renovated, showcasing modern amenities and design. Currently leased, the front 3+1 unit ensures a steady stream of income for investors. Beyond its immediate returns, the property is situated in an LARD1.5-zoned area, offering the potential for future expansion and increased value. This zoning presents a valuable prospect for investors seeking long-term growth and development opportunities. The property's proximity to USC adds to its appeal, catering to the demand for student housing or providing a convenient location for faculty. With a blend of immediate income, recent renovations, and future expansion potential, this multifamily property stands out as an astute investment in a high-demand market. Whether you're a seasoned investor or a newcomer to the real estate market, this property offers a compelling combination of current income and future potential. Act now to secure your stake in this dynamic investment opportunity!

  • October, 2023

  • Oct 25, 2023

    Date

    Canceled

    CRMLS: 23274567

    $785,000

    Price

  • May 26, 2023

    Date

    Active

    CRMLS: 23274567

    $849,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic Income Property Opportunity Located Located Just A Few Blocks From USC! Currently titled as a Duplex (two homes on a lot), the current owner is in the process of obtaining permits for garage ADU conversion in the back of the property. Front unit consists of 3 Bed / 1 Bath & currently occupied. Rear unit consists of 2 Bed / 1 Bath - has been completely renovated & is currently vacant. Both units have laundry in unit. Garage ADU conversion is complete & permits are being finalized, vacant & ready to go. Perfect for an owner/user or an investor looking to buy and maximize income potential. Located in a major growth zone central to public transportation, museums, parks, Staples Center, Downtown LA and much more. Unlimited potential!

  • August, 2021

  • Aug 17, 2021

    Date

    Active Under Contract

    CRMLS: 21695002

    $785,995

    Price

  • Mar 2, 2021

    Date

    Active

    CRMLS: 21695002

    $785,995

    Price

Show More

Tax History for 1363 W 38Th St

Assessed Value (2020): $127,429
Year Land Value Improved Value Assessed Value
2020 $91,028 $36,401 $127,429

Home Value Compared to the Market

This property vs the competition

1363 W 38Th St sold on November 1, 2021 for 33.95% lower 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 $444.57 per/sqft which puts the price per square foot 41.12% lower than the current median sale per square foot for the city of Los Angeles.

About 1363 W 38Th St

Detailed summary of property

1363 W 38Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 7 bedrooms, 3 bathrooms, roughly 1,768 living square feet, and sits on an approximately 5,013 square foot lot. 1363 W 38Th St was first listed on ArdentRealEstateGroup.com on March 2, 2021. The homeowner sold the property for $770,000. 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 33.95% lower than the current median priced home. Local homes that are currently for sale include 1543 W 22nd Pl, 1632 W 52nd St and 5166 S Manhattan Pl. While the average home in Los Angeles, CA is selling in 94 days, 1363 W 38Th St has a days on market of 170 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1363 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 1363 W 38Th St

Public county record property details
Beds
4
Baths
2
Year built
1902
Sq. Ft.
1,768
Lot Size
5,013
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5036-001-027

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
$855,000
Median List Price/Sq.Ft.
$578
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
31
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), 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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