CA > Los Angeles
Los Angeles, CA 90037,1163 W 38th ST
Los Angeles, CA 90037,1163 W 38th ST
Los Angeles, CA 90037,1163 W 38th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$995,000
Est. payment /mo
5 Beds
4 Baths
1,715 SqFt
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UPDATED:

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.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

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CRMLS – RECore
Listed by Davis Saadian Keller Williams Hollywood Hills

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