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615 E 38Th St, Los Angeles, CA 90011
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615 E 38Th St Los Angeles, CA 90011

$940,000 Sold Price as of 07/27/2023
  • 7 Beds
  • 4 Baths
  • 2,410 Sq.Ft.
Sold
$940,000 Sold Price as of 07/27/2023 Refinance Your Mortgage
Map preview of 615 E 38Th St, Los Angeles, CA 90011

Property Overview: 615 E 38Th St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,410 living square feet and 4,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: One unit can be delivered vacant. Well maintained newer duplex in great location! Non-rent control! Minimum maintenance and cost for artificial turf and concrete combined yard. Upgraded vinyl fencing worth over $17K. Newer exterior paint, electric call charger. Upstairs unit (4 bedroom) has Central air AC unit.

Listed by WENJING HOU | BRE #01977192 | REALTY MASTERS & ASSOC. INC.
Last checked: 6 minutes ago | Last updated: July 28th, 2023 | Source CRMLS | DOM: 125

Home details

Lot Sq. Ft
4,800
HOA Dues
$0/mo
Year built
2009
Garage
1 Car
Property Type:
Duplex
Status
Sold
MLS#
IV23029702
City
Los Angeles
County
Los Angeles
Time on Site
441 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $77,400
  • Net Operating Income: $52,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,600
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,200
  • Professional Management: $3,600
  • Water/Sewer: $1,800
  • Other Expenses: $9,000
  • Other Expense Description: tax

Property Details for 615 E 38Th St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5121006037
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between Jefferson and Martin Luther King Bl and Just East of Avalon
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 615 E 38Th St

Last sold for $940,000 on July 27th, 2023

  • July, 2023

  • Jul 27, 2023

    Date

    Sold

    CRMLS: IV23029702

    $940,000

    Price

  • Feb 21, 2023

    Date

    Active

    CRMLS: IV23029702

    $985,000

    Price

  • January, 2022

  • Jan 7, 2022

    Date

    Pending

    CRMLS: DW21256303

    $825,000

    Price

  • Listing provided courtesy of CRMLS

    Get it for the looks, keep it for the Non-Rent control(City of L.A. only)* income! As you enter the water saving artificial TURF grounds in 3 different locations including the sidewalk you and/or tenants will experience the comfort of privacy created by over $17K worth of attractive Vinyl fencing, smooth stucco finish in back walls will compliment that beauty. Park your electric vehicle with its ready to use box by garage. Owner provides 2 fridges,2 stoves,2 range hoods, 2microwaves and security camera system including DVR as part of the sale. A separate storage unit next to separate garage also included in the sale. Upstairs unit (4 bedroom) has Central air AC unit and Downstairs Unit has furnace. Come correct come prepared and provide your proof of funds to schedule a very limited rare viewing as both units are tenant occupied. Tenants are in month to month tenancies. Rents are actual rents. Agents kindly look at private remarks. *Construction is newer. Listing Updated DAILY. AGENTS ** read** private remarks

  • April, 2010

  • Apr 23, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2009

  • Jan 9, 2009

    Date

    Sold (Public Records)

    Public Records

    $150,000

    Price

Show More

Tax History for 615 E 38Th St

Assessed Value (2020): $488,214
Year Land Value Improved Value Assessed Value
2020 $253,556 $234,658 $488,214

Home Value Compared to the Market

This property vs the competition

615 E 38Th St sold on July 27, 2023 for 19.75% 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 $396.27 per/sqft which puts the price per square foot 47.51% lower than the current median sale per square foot for the city of Los Angeles.

About 615 E 38Th St

Detailed summary of property

615 E 38Th St is a duplex that recently sold in Los Angeles, CA 90011. This duplex offered 7 bedrooms, 4 bathrooms, roughly 2,410 living square feet, and sits on an approximately 4,800 square foot lot. 615 E 38Th St was first listed on ArdentRealEstateGroup.com on February 22, 2023. The homeowner sold the property for $940,000. 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 19.75% lower than the current median priced home. Local homes that are currently for sale include 1135 E 24th St, 1247 E Vernon Ave and 1170 E 46th St. While the average home in Los Angeles, CA is selling in 94 days, 615 E 38Th St has a days on market of 125 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 615 E 38Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 615 E 38Th St

Public county record property details
Beds
8
Baths
4
Year built
2009
Sq. Ft.
2,410
Lot Size
4,799
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
221
APN
5121-006-037

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
38
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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