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.
Property Details
Property Features
Property Information:
Year Built: 1922
Stories: 1
Living Area: 1,715 SqFt
Listing Office:
Office Name: Maher Commercial Realty
Office Phone: (310) 464-1453
Listing Agent: Oron Maher
Interior Features
Interior Information:
Appliances: Microwave, Refrigerator
Interior: Furnished
Bedroom and Bathroom Information:
Total Bedroom Count: 5
Exterior Features
Parking Information:
Parking: Driveway
Lot Features
Lot Information:
Lot: Back Yard, Front Yard
Lot Size: 0.14 Acres
School Info
Assigned Schools Information:
Foshay Learning Center, Public District Grades KG-12
Manual Arts Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Studio, Public District Grades 6-8
Lenicia B. Weemes Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: South on Normandie Avenue, East on W. 38th Street
Price Information
Listing Price Info
Price Summary:
List Price: $1,499,000
Price Per SqFt: $874/SqFt
Tax Information:
Annual Amount: $9,044
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $512.5K more than the Median Sold Price and $242/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24349681
Listing Office:
Office Name: Maher Commercial Realty
Office Phone: (310) 464-1453
Listing Agent: Oron Maher
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 8:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 01, 2018
Oct 01, 2018Home Sold
$720,000
Mar 18, 2010
Mar 18, 2010Home Sold
$180,500
Oct 24, 1995
Oct 24, 1995Home Sold
$136,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,044
$742,008
2020
$8,776
$734,400
2019
$6,933
$720,000
2018
$6,786
$559,678
2017
$6,786
$548,705
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Lenicia B. Weemes Elementary School
1260 W 36th Pl
Distance between this listing and this school0.28 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.41 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school20.95 miles
Public Magnet Grades KG-5
Middle School
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.92 miles
Public District Grades 6-8
High School
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.60 miles
Public District Grades KG-12
2
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school0.63 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.03 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Lenicia B. Weemes Elementary School
1260 W 36th Pl
Distance between this listing and this school0.28 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school5.41 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school20.95 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.92 miles
Public District Grades 6-8
Nearby Schools
6
/10
Kipp Scholar Academy
1729 West Mlk Jr. Blvd
Distance between this listing and this school0.90 miles
Public Charter Grades 5-8
4
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school1.19 miles
Public District Grades 6-8
Assigned Schools
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school0.60 miles
Public District Grades KG-12
2
/10
Manual Arts Senior High School
4131 S Vermont Ave
Distance between this listing and this school0.63 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.03 miles
The neighbors living near this home have an average income of $24,625. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1163 W 38th St
What is the listing price of this property?
The listing price of 1163 W 38th St property is $1,499,000.
What type of property is this?
The property 1163 W 38th St is a house located in Los Angeles, California, 90037.
Is this property for sale now?
Active Listing: 1163 W 38th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1163 W 38th St are: Lenicia B. Weemes Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Foshay Learning Center: GreatSchools Rating 5/10Manual Arts Senior High School: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $9,044 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 1, 2018 for $720,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1163 W 38th St has 5 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 1163 W 38th St is 1,715 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1163 W 38th St is 1922.
This home is located at 1163 W 38th St in Los Angeles, CA and zip code 90037 in the South LA neighborhood. This 1,715 square foot home, which was built in 1922, sits on a 0.14 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 19, 2024 and is currently priced at $1,499,000.
Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.