1311 West 38th Street

Los Angeles, CA 90062

$720,000
Last Sold Price
5
Beds
3
Baths
2,608 Sq. Ft.
$276 / Sq. Ft.
2,608
Sq. Ft.
$276
per Sq. Ft.

Description

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...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.
  1. Listed by Roderick Elzy • DRE #01995523 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1311 West 38th Street

Zoning
LARD1.5
Parcel Number
5036001012
Total Units
3.0
Living Area
2608
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
5255

Location

Listing Courtesy of Coldwell Banker Realty, Roderick Elzy, DRE #01995523

Sold By Synergy One Real Estate Ser., Alex Figueroa, DRE #01173239

Add your commute
LISTING UPDATED: 04/11/2024 11:27 AM

Property Details for 1311 West 38th Street

StatusSold
MLS #23-328943
Days on Market113
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.12 AC / 5,255 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Roderick Elzy, DRE #01995523

Sold By Synergy One Real Estate Ser., Alex Figueroa, DRE #01173239

Add your commute

Building Information for 1311 West 38th Street

Stories2Residences-Year Built1921Building Size-Lot Size0.12 AC / 5,255 SF

Payment Calculator

$4,240 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,929

Property Taxes

$311

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1311 West 38th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $27,420
  • Net Operating Income: $27,420.00
  • Gross Income: $27,420
  • Gross Rent Multiplier: $.00
  • Vacancy Allow Dollar: $2,400.00
  • Vacancy Allow Percent: 33.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1206
  • Lot Size Square Feet: 5255
Parking Details
Parking Details
  • Parking Garage: Uncovered, Side By Side, Private, On street
  • Total Parking: 3
  • Parking Features: Uncovered, Side by Side, Private, Street
Interior Features
Interior Features
  • Rooms: Dining Room
  • Levels: Two
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Carpet, Tile
  • Equipment: Ceiling Fan, Microwave, Garbage Disposal, Range/Oven, Refrigerator, Electric Dryer Hookup, Dryer, Washer
  • Interior Features: Ceiling Fan(s)
  • Cooking Appliances: Oven-Gas, Microwave
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-16-2023
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,165.00
  • Unit Actual Rent: $1,165.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $1,120.00
  • Unit Actual Rent: $1,120.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Refrigerator: 3
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $94,130.00
  • Assessed Improvement Percent: 34.21
  • Assessed Land Value: $181,031.00
  • Assessed Land Percent: 65.79
  • Assessed Total Value: $275,161.00

Property History for 1311 West 38th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1311 West 38th Street

Taxable ValueLand$181,031Additions$94,130Total$275,161
Tax Record2023$3,727 ($311 / month)
Home Facts
Total Finished SqFt2,608 SqFtAbove Grade Finished SqFt2,608 SqFtLot Size5,255 SqFtStyleTriplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5036-001-012

Schools near 1311 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 - K to 5
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

Stem Preparatory Academy
CharterK to 5

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Roderick Elzy, DRE #01995523

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.