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1650 W 38Th St, Los Angeles, CA 90062
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1650 W 38Th St Los Angeles, CA 90062

$1,030,000 Sold Price as of 02/28/2023
  • 11 Beds
  • 11 Baths
  • 2,381 Sq.Ft.
Sold
$1,030,000 Sold Price as of 02/28/2023 Refinance Your Mortgage
Map preview of 1650 W 38Th St, Los Angeles, CA 90062

Property Overview: 1650 W 38Th St Los Angeles, CA has 11 bedrooms, 11 bathrooms, 2,381 living square feet and 5,441 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. The unit mix consists of one 0+1 unit and five 1+1 units. The investment consists of approximately 2,381 of rentable square feet and is situated on an approximately 5,441 square foot parcel. Recent property upgrades include a new roof, new exterior paint, new exterior lighting, new exterior building and unit numbers, new mailboxes, new surveillance system, and new landscaping. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.

Listed by Griffin White | BRE #02031785 | BRC Advisors- BH
Last checked: 6 minutes ago | Last updated: February 28th, 2023 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
5,441
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22200439
City
Los Angeles
County
Los Angeles
Time on Site
623 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $613
  • Total Rent: $613
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $745
  • Total Rent: $745
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,865
  • Total Rent: $1,865
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,924
  • Total Rent: $1,924
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $738
  • Total Rent: $738
  • Pro Forma/Market Rent: $1,924
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1650 W 38Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 5035031010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located in the City of Los Angeles. The property is situated south of Exposition Boulevard, North of Martin Luther King Jr. Boulevard, West of Western Avenue and East of Gramercy Place.
View more facts & features

Local Los Angeles Agent

Sale History for 1650 W 38Th St

Last sold for $1,030,000 on February 28th, 2023

  • February, 2023

  • Feb 28, 2023

    Date

    Sold

    CRMLS: 22200439

    $1,030,000

    Price

  • Sep 16, 2022

    Date

    Active

    CRMLS: 22200439

    $1,195,000

    Price

  • September, 2019

  • Sep 3, 2019

    Date

    Sold

    CRMLS: 19497294

    $725,000

    Price

  • Aug 20, 2019

    Date

    Pending

    CRMLS: 19497294

    $725,000

    Price

  • Aug 7, 2019

    Date

    Active

    CRMLS: 19497294

    $725,000

    Price

  • Listing provided courtesy of CRMLS

    6 - units in Arlington Park. Units consist of 5 - singles and 1 - 1 bedroom + 1 bath. Below market rents, huge upside potential. 5 of the 6 units are master metered. Close to the Western Avenue Expo Station. Minutes to the Kaiser Permanente out patient facility and the Baldwin Hills Crenshaw Mall redevelopment project.

  • August, 2019

  • Aug 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

Show More

Tax History for 1650 W 38Th St

Assessed Value (2020): $725,870
Year Land Value Improved Value Assessed Value
2020 $550,000 $175,870 $725,870

Home Value Compared to the Market

This property vs the competition

1650 W 38Th St sold on February 28, 2023 for 5.46% 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 $472.49 per/sqft which puts the price per square foot 37.42% lower than the current median sale per square foot for the city of Los Angeles.

About 1650 W 38Th St

Detailed summary of property

1650 W 38Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 11 bedrooms, 11 bathrooms, roughly 2,381 living square feet, and sits on an approximately 5,441 square foot lot. 1650 W 38Th St was first listed on ArdentRealEstateGroup.com on September 16, 2022. The homeowner sold the property for $1,030,000. 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 5.46% lower than the current median priced home. Local homes that are currently for sale include 4100 Denker Ave, 1286 W 39th Pl and 4112 Dalton Ave. While the average home in Los Angeles, CA is selling in 95 days, 1650 W 38Th St has a days on market of 21 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 1650 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 1650 W 38Th St

Public county record property details
Beds
6
Baths
6
Year built
1922
Sq. Ft.
2,381
Lot Size
5,441
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
84
APN
5035-031-010

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
$869,000
Median List Price/Sq.Ft.
$573
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
29
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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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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