31
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$995,000
Est. payment /mo
5 Beds
4 Baths
1,715 SqFt
New
1163 W 38th ST Los Angeles, CA 90037
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,715 sqft
Price per Sqft $580
MLS Listing ID 25578477
Bedrooms 5
HOA Y/N No
Year Built 1922
Lot Size 6,211 Sqft
Property Description
We are pleased to present 1163 W. 38th Street, a well-maintained four (4) unit multifamily property, including a spacious garage equipped with its own bathroom, shower, and air conditioning, an excellent candidate for conversion into a studio ADU. The investment is located within an Opportunity Zone, (excellent tax benefits) and just blocks away from the University of Southern California, in the rapidly growing South Los Angeles submarket. The property features three (3) vacant 1-bedroom + 1-bathroom units and one (1) occupied 2-bedroom + 1-bathroom unit, currently being rented for $2,300/month. All units are delivered fully furnished and underwent a full remodel in 2023, including new flooring, updated kitchens, fresh paint, and modern appliances. Units 1, 2, and 3 were originally part of one large, spacious single-family residence. However, with each bedroom having its own separate entrance, the property has been reconfigured into three individual rental units offering flexible leasing options, including short-term, long-term, or Airbnb rentals. On title, this is registered as a Duplex, but the property is being utilized as a 4 unit investment with the addition of a garage. Situated on a large 6,209 SF LAR4-zoned lot, the property offers a long-gated driveway, a landscaped front yard, and a covered patio between the two detached structures. The building has been exceptionally maintained and offers solid structural integrity. The location is unbeatable just two blocks west of Exposition Park (BMO Stadium, LA Memorial Coliseum, California Science Center, and Natural History Museum) and within a half mile of USC. With the 110 Freeway nearby, tenants enjoy quick access to Downtown Los Angeles and beyond.Ideal for both traditional leasing and Airbnb/short-term rentals, this property combines move-in-ready condition with multiple income streams in one of LA's most dynamic growth areas.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR4
Rooms
Other Rooms Shed(s)
Interior
Heating Combination
Cooling Dual
Fireplace No
Appliance Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway
Total Parking Spaces 5
Building
Story 1
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5037014015
Special Listing Condition Standard
Listed by Davis Saadian Keller Williams Hollywood Hills