1363 West 38th Street

Los Angeles, CA 90062

$770,000
Last Sold Price
4
Beds
2
Baths
1,768 Sq. Ft.
$436 / Sq. Ft.
1,768
Sq. Ft.
$436
per Sq. Ft.

Description

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...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
  1. Listed by Richard Casillas • DRE #01926251 • Brokerage DRE #00824452 • Sotheby's International Realty

Property Details for 1363 West 38th Street

Zoning
LARD1.5
Style
Traditional
Cross Streets
Exposition Bl & Normandie Ave
Accessibility Features
None
Parcel Number
5036001027
Total Units
2.0
Living Area
1768
Source Living Area
Assessor

Location

Listing Courtesy of Sotheby's International Realty, Richard Casillas, DRE #01926251

Sold By Thehomeproz, Chad Lewin, DRE #01859209

Add your commute
LISTING UPDATED: 10/05/2022 12:32 PM

Property Details for 1363 West 38th Street

StatusSold
MLS #21-695002
Days on Market170
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1902
Lot Size0.12 AC / 5,013 SF
CountyLos Angeles County

Location

Listing Courtesy of Sotheby's International Realty, Richard Casillas, DRE #01926251

Sold By Thehomeproz, Chad Lewin, DRE #01859209

Add your commute

Building Information for 1363 West 38th Street

Stories1Residences-Year Built1902Building Size-Lot Size0.12 AC / 5,013 SF

Payment Calculator

$5,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,202

Property Taxes

$812

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1363 West 38th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: SFR
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: South
  • Property Condition: Fixer
  • Water: Meter on Property
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: Yes
  • Water Heater Features: Water Heater Unit, Gas
  • Building Permit: No
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $11,232
  • Net Operating Income: $7,732.00
  • Gross Income: $11,232
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $11,232.00
  • Owner Pays: Gas
  • Total Annual Expense: 3500
  • Water Expense: $3,450.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1151
  • Lot Size Square Feet: 5013
Parking Details
Parking Details
  • Parking Garage: Detached, Driveway, Garage Is Detached
  • Total Parking: 2
  • Covered Parking: 2
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 2
  • Parking Features: Driveway
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Attic
  • Rooms: Breakfast Area, Attic
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall Gas
  • Flooring: Carpet, Linoleum, Tile, Laminate
  • Equipment: Cable, Gas Or Electric Dryer Hookup
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • Disability Access: None
  • TV Services: TV Satellite Dish
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • Sprinklers: None
  • Patio Features: None
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-01-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $926.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Gas Meters: 2
  • Number Water Meters: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $34,303.00
  • Assessed Improvement Percent: 28.57
  • Assessed Land Value: $85,780.00
  • Assessed Land Percent: 71.43
  • Assessed Total Value: $120,083.00

Property History for 1363 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 1363 West 38th Street

Taxable ValueLand$714,000Additions$71,400Total$785,400
Tax Record2023$9,738 ($812 / month)
Home Facts
Total Finished SqFt1,768 SqFtAbove Grade Finished SqFt1,768 SqFtLot Size5,013 SqFtStyleDuplexYear Built1902ZoningLARD1.5CountyLOS ANGELESAPN5036-001-027

Schools near 1363 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.

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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 Sotheby's International Realty, Richard Casillas, DRE #01926251

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.