1163 West 38th Street
1163 West 38th Street
$1,499,000
5
5
1,715
1,715
$874
Description
Price Reduced. Motivated Seller. We are pleased to present 1163 W. 38th Street, a vacant, three unit well-maintained and pride-of-ownership value-add multifamily building with a fully permitted ADU, in the fast-growing South LA submarket of Los Angeles. The subject building consists of 1 x 3 bed/3 bath unit, 1 x 2 bed/1 bath unit and a fully permitted ADU studio unit. All of the units are delivered furnished and were remodeled and painted in 2023 and include new flooring, kitchens and appliances....Price Reduced. Motivated Seller. We are pleased to present 1163 W. 38th Street, a vacant, three unit well-maintained and pride-of-ownership value-add multifamily building with a fully permitted ADU, in the fast-growing South LA submarket of Los Angeles. The subject building consists of 1 x 3 bed/3 bath unit, 1 x 2 bed/1 bath unit and a fully permitted ADU studio unit. All of the units are delivered furnished and were remodeled and painted in 2023 and include new flooring, kitchens and appliances. Unit One offers separate entrances creating flexible renting options including renting as 1 bed/1 bath units. The property sits near the corner of W. 38th Street and S. Budlong Avenue on a large 6,209 square foot parcel zoned LAR4. The tenants benefit from a long, gated driveway, nicely landscaped front yard and covered patio between the two detached units. This building has been well-maintained and has good bones. Excellent location in the heart of the South Figueroa Corridor just two blocks west of Exposition Park which includes BMO Stadium, the LA Memorial Coliseum, the California Science Center and the Natural History Museum of Los Angeles County. Enjoy Airbnb income! The University of Southern California is a half mile northeast of the property. Easy access to the 110 Freeway at W. Martin Luther King Jr. Blvd. brings you to downtown Los Angeles and beyond.
- Listed by Oron Maher • DRE #01299093 • Brokerage DRE #01299093 • Maher Commercial Realty
- Listed by Camilla Lim • DRE #02203866 • Brokerage DRE #01299093 • Maher Commercial Realty
Property Details for 1163 West 38th Street
Zoning
LAR4
Cross StreetsW. 38th Street and S. Budlong Ave.
Parcel Number5037014015
Total Units3.0
Living Area1715
Source Living AreaVendor Enhanced
AreaLos Angeles Southwest (C34)
Vacancy Rate100
Location
LISTING UPDATED: 04/11/2024 01:28 PM
Property Details for 1163 West 38th Street
Status | Active |
---|---|
MLS # | 24-349681 |
Days on Market | 105 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.14 AC / 6,209 SF |
County | Los Angeles County |
Location
Building Information for 1163 West 38th Street
Stories1Residences-Year Built1922Building Size-Lot Size0.14 AC / 6,209 SF
Payment Calculator
$9,021 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1163 West 38th Street
Property History for 1163 West 38th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1163 West 38th Street
Taxable ValueLand$541,008Additions$270,504Total$811,512
Tax Record2023$10,075 ($840 / month)
Home Facts
Total Finished SqFt1,715 SqFtAbove Grade Finished SqFt1,715 SqFtLot Size6,209 SqFtStyleDuplexYear Built1922ZoningLAR4CountyLOS ANGELESAPN5037-014-015
Schools near 1163 West 38th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lenicia B. Weemes Elementary School PublicK to 5 | ||
Foshay Learning Center PublicK to 12 | ||
Manual Arts Senior High School Public9 to 12 | ||
USC Hybrid High College Prep Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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