1171 W 38th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$1,075,000
1171 W 38th Street, Los Angeles, California 90037
0Bed
0Bath
2,100Sqft
6,212Lot
Year Built
1928
Close
-
List price
$1.07M
Original List price
$1.07M
Price/Sqft
$512
HOA
-
Days on market
-
Sold On
-
MLS number
PW24192629
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.07M(70th), sqft - 2100(43th), beds - undefined(50th), baths - undefined(50th).
Beautiful triplex located exactly 3 blocks away from the steps of USC’s Campus.
Condition Rating
Fair
Built in 1928, this triplex shows significant age throughout. The kitchen features dated white cabinets, older countertops, and appliances that appear to be several decades old. Bathrooms also exhibit older tile, fixtures, and styles. While the property appears to be maintained, as evidenced by the exterior and general cleanliness in the interior photos, it has not undergone a major renovation in many years. The hardwood floors show wear, and light fixtures are basic and outdated. The property is functional but requires substantial modernization and updates to meet contemporary standards and appeal, particularly in the kitchen and bathrooms.
Pros & Cons
Pros
Prime University Proximity: Located exactly 3 blocks from USC's campus, this property offers exceptional appeal for student housing, faculty, or university staff, ensuring high rental demand and low vacancy rates.
Strong Income Potential: As a triplex, the property provides multiple rental units, offering diversified income streams and a robust return on investment potential in a high-demand rental market.
Designated Residential Income Property: Explicitly categorized as 'Residential Income' and 'Triplex,' it is ideally suited for investors seeking a dedicated income-generating asset with established zoning.
Generous Lot Size: With a lot size of 6,212 sqft, the property offers ample outdoor space, potential for tenant amenities, or future expansion possibilities, which is valuable in an urban setting.
Established Neighborhood & Character: Built in 1928, the property likely possesses architectural character and is situated in an established Los Angeles neighborhood, which can appeal to a specific tenant demographic.
Cons
Age-Related Maintenance & Renovation Needs: Constructed in 1928, the property is likely to require significant capital expenditure for deferred maintenance, system upgrades, and modernization to meet contemporary tenant expectations and maximize rental income.
Lack of Detailed Condition Information: The brief description provides no specifics on the interior condition, recent renovations, or unit configurations, which could imply potential hidden costs or necessary improvements for an income-generating asset.
Potential Parking Challenges: In a dense urban area like Los Angeles, particularly near a university, the absence of any mention of dedicated parking could be a significant drawback for tenants and impact rental desirability.