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    1363 W 38Th St

    Los Angeles, CA 90062
    • $785,995
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: 21-695002
    $785,995
    • 4
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,768
      SQFT
    • $445
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1902
    County:

    School Ratings & Info

    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 2 car garage to the rear. The buildings total 1768 sq ft on a 5013 sf lot, zoned LAR1.5

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/114618228
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    1363 W 38Th St Los Angeles, CA 90062

    • Price: $785,995
    • Status: Active
    • MLS #: 21-695002
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,768
    SQFT
    $445
    $/SQFT
    1902
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property 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 2 car garage to the rear. The buildings total 1768 sq ft on a 5013 sf lot, zoned LAR1.5
    Exterior Features

    Covered Parking 2 Cross Streets Exposition Bl & Normandie Ave Direction Faces South Exterior Construction Hard Coat Garage Structures Total 1 Lot Size Area 5013 Other Structures None Parking Garage DetachedDrivewayGarage Is Detached Patio Features None Pool Description None Pool YN No Roof Composition Spa None Spa YN No Sprinklers None Style Traditional Tennis Court None Total Parking 2 View Description None View YN No

    Interior Features

    Baths Total 2.00 Common Walls Detached/No Common Walls Cooling Wall Unit(S) Den No Dining Room No Equipment CableGas Or Electric Dryer Hookup Family Room No Fireplace Rooms None Flooring CarpetLinoleumTileLaminate Foundation Details Raised Heating Wall Gas Laundry In Unit Rooms Breakfast AreaAttic Water Heater Features Water Heater UnitGas

    Property Features

    ADACompliance No Alley YN No Assessed Total Value 120083 Disability Access None Gross Income 11232 Gross Operating Income 11232 Land Lease Type Fee Like Units1 1 Like Units2 2 Maintenance Expense 1200.00 Net Operating Income 7732.00 Number Of Buildings 2 Number Of Units 2 Owner Pays Gas Property Condition Fixer Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Cable TvElectricity Total Annual Expense 3500 TVServices Tv Satellite Dish Type Of Units Sfr Water Meter On Property Water Expense 3450.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Richard Casillas DRE#01926251 of Sotheby's International Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-13T23:42:28.803. 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. Properties may or may not be listed by the office/agent presenting the information.
     
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