1363 West 38th Street

Los Angeles, CA 90062

$785,995
Price
4
Beds
2
Baths
1,768 Sq. Ft.
$445 / Sq. Ft.
1,768
Sq. Ft.
$445
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...

Property Details for 1363 West 38th Street

Zoning
LARD1.5
Style
Traditional
Year Built Numeric
1902

Location

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

Property Details for 1363 West 38th Street

StatusActive
MLS #21-695002
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees$1,200
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1902
Lot Size0.12 AC / 5,013 SF
CountyLos Angeles County

Listing Agent

Richard Casillas

Richard Casillas

Sotheby's International Realty

richard.casillas@sir.com

P: 310.205.0305

M: 310.467.1273

DRE #01926251

Contact Agent(s)

Location

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

Building Information for 1363 West 38th Street

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

Payment Calculator

$3,834 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,634

Property Taxes

HOA Dues

$1,200

Similar Homes

Property Information for 1363 West 38th Street

Summary
    Location and General Information
  • Cross Streets: Exposition Bl & Normandie Ave
  • Direction Faces: South
  • Directions: 1 block south of Exposition Blvd, between Vermont Ave/Normandie Ave
  • Year Built Source: Assessor
  • Zip 4: 1237
  • View Description: None
  • View: No
  • City: Los Angeles
  • Zip Code: 90062
  • County Or Parish: Los Angeles
  • Street Number Numeric: 1363
  • Street Direction Prefix: W
  • Street Name: 38Th
  • State: CA
    Parking
  • Garage Spaces Total: 2
  • Garage Structures Total: 1.0
  • Covered Parking: 2
  • Parking Garage: Detached, Driveway, Garage Is Detached
  • Open Other Spaces Total: 1
  • Total Parking: 2
    Taxes and HOA Information
  • Tax Mello Roos: No
Property
    Property and Assessments
  • Assessed Improvement Percent: 28.57
  • Assessed Improvement Value: $34,303.00
  • Assessed Land Percent: 71.43
  • Assessed Land Value: $85,780.00
  • Assessed Total Value: $120,083.00
  • Assessor Parcel Number: 5036-001-027
  • ADA Compliance: No
  • Building Permit: No
  • Disclosures: As Is
  • Property Condition: Fixer
  • Probate: No
  • Source Living Area: Assessor
  • Source Lot Size Area: Assessor
  • Number Of Photos: 6
    Lot Information
  • Additional Parcel Number: No
  • Additions Alterations: Yes
  • Area: Los Angeles Southwest (C34)
  • Lot Acreage: 0.1151
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 1768
  • Lot Size Area: 5013
    Utilities
  • Sewer: Other
  • Laundry: In Unit
  • Disability Access: None
  • Water: Meter on Property
  • Pool Description: None
Interior and Exterior Features
    Exterior Features
  • Water Heater Features: Water Heater Unit, Gas
  • Water Heaters: Yes
  • Alley: No
  • Den: No
  • Exterior Construction: Hard Coat
  • Foundation Details: Raised
  • Number Water Meters: 2
  • Patio Features: None
  • Pool: No
  • Spa: None
  • Spa: No
  • Tennis Court: None
  • Roof: Composition
  • Security Features: Gated Community
    Interior Features
  • TV Services: TV Satellite Dish
  • Sprinklers: None
  • Baths Total: 2.0
  • Common Walls: Detached/No Common Walls
  • Cooling: Wall Unit(s)
  • Equipment: Cable, Gas Or Electric Dryer Hookup
  • Flooring: Carpet, Linoleum, Tile, Laminate
  • Heating: Wall Gas
  • Number of Gas Meters: 2
  • Number Of Stories: 1
  • Beds Total: 4
    Room Information
  • Fireplace Rooms: None
  • Family Room: 0
  • Dining Room: 0
  • Rooms: Breakfast Area, Attic
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Income: $11,232
  • Gross Operating Income: $11,232
  • Net Operating Income: $7,732.00
  • Total Annual Expense: 3500
  • Water Expense: $3,450.00
    Unit Information
  • Type Of Units: SFR
  • Unit Type Type: 2106, 2107
    Unit 1 Information
  • Unit Beds1: 3
  • Unit Baths1: 1
  • Unit Projected Rent1: $.00
  • Unit Actual Rent1: $926.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $2,450.00
    Unit 2 Information
  • Unit Projected Rent2: $.00
  • Unit Furnished2: No
  • Like Units2: 2
  • Unit Rent2: $1,600.00
  • Unit Beds2: 2
  • Unit Baths2: 1
  • Unit Actual Rent2: $.00
Rental
    Rental Information
  • Vacancy Rate: 50%
  • Gross Rent Multiplier: $.00
  • Land Lease Type: Fee
  • Actual Annual Gross Rent: $11,232.00
  • Number Of Buildings: 2
  • Number Of Units: 2
  • Occupant Type: Tenant
  • Rent Control: 100
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity

Property History for 1363 W 38th St

DateEvent & SourcePriceAppreciation
Mar 2, 2021

Listed (Active)

CRMLS #21695002

$785,995
Feb 28, 2021

Listed (Active)

CLAW #21-695002

$785,995
DateEvent & SourcePrice
03/02/2021

Listed (Active)

CRMLS #21695002

$785,995
02/28/2021

Listed (Active)

CLAW #21-695002

$785,995

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$91,028Additions$36,401Total$127,429
Tax Record2020$1,827 ($152 / month)
Home Facts
Total Finished SqFt1,768 SqFtAbove Grade Finished SqFt1,768 SqFtLot Size5,013 SqFtStyleDuplexYear Built1902Year Renovated1922ZoningLARD1.5CountyLOS ANGELESAPN5036001027

Schools near 1363 West 38th Street


SchoolTypeGradesDistanceRating
Foshay Learning CenterPublicK-120.3 mi
5
Lenicia B. Weemes Elementary SchoolPublicK-50.4 mi
3
Dorothy Brown SchoolPrivate6-120.5 mi
NR
Stem Preparatory AcademyCharterK-50.5 mi
2

Foshay Learning Center

K-12, 0.3 mi, Public

5

Lenicia B. Weemes Elementary School

K-5, 0.4 mi, Public

3

Dorothy Brown School

6-12, 0.5 mi, Private

NR

Stem Preparatory Academy

K-5, 0.5 mi, Charter

2

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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1363 West 38th Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on February 28, 2021 by Sotheby's International Realty at $785,995. This listing's school district is Los Angeles Unified School District. Nearby schools include Foshay Learning Center, Lenicia B. Weemes Elementary School and Dorothy Brown School. 1363 West 38th Street is a 4-bed, 2-bath, 1,768 sqft multi-family home built in 1902. This address can also be written as 1363 W 38th St.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

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 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 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.