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1233 W 38th St, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 3 bath

1233 W 38th St, Los Angeles, California 90037 home-pic-0
ACTIVE$800,000
1233 W 38th St, Los Angeles, California 90037
3Beds
3Baths
1,666Sqft
5,466Lot
Year Built
1923
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
CV25140562
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $800.0K(30th), sqft - 1666(13th), beds - 3(70th), baths - 3(78th).

An incredible opportunity for first-time buyers or savvy investors! This well-located duplex is situated in a very convenient and vibrant LA location — just moments from the University of Southern California. The front unit shows as 2 spacious bedrooms, 1.5 bathrooms, and a comfortable layout perfect for small families or roommates. The rear unit offers 1 bedroom and 1 bathroom with its own private front and back entrances, a dedicated lawn space, and a cozy back patio area — ideal for relaxing or entertaining. Additional highlights include a long driveway that provides ample off-street parking, so you’ll never have to worry about space. Enjoy close proximity to USC, world-class museums, BMO Stadium, and a quick 10-minute drive or easy train ride to Downtown Los Angeles. Live in one unit and rent the other, or add this versatile property to your investment portfolio. Don't miss this incredible opportunity in one of LA’s most dynamic neighborhoods! Property sold as is. Agent and Buyer to do their own due diligence.

Price History

Date
Event
Price
07/25/25
Listing
$800,000
Condition Rating
Poor
Built in 1923, this property is nearly a century old and is being sold 'as-is,' indicating significant deferred maintenance. The images reveal extremely dated kitchens with old wood cabinets, basic appliances, and worn tile countertops, alongside bathrooms featuring old tiling, basic vanities, and a walk-in tub that, while functional, is not a modern aesthetic. Flooring includes stained, old carpet and dated tile. The overall condition suggests substantial repairs and rehabilitation are needed to bring the property up to current living standards, aligning with the 'poor' classification.
Pros & Cons

Pros

Exceptional Location: Situated in a vibrant Los Angeles neighborhood, moments from the University of Southern California (USC), world-class museums, BMO Stadium, and a short drive/train ride to Downtown LA, ensuring high demand and potential for appreciation.
Income-Generating Duplex: As a duplex, the property offers versatile options for owner-occupancy with rental income (house hacking) or as a pure investment vehicle, providing immediate cash flow potential.
Ample Off-Street Parking: A long driveway provides significant off-street parking, a highly valuable and sought-after amenity in a dense urban area like Los Angeles, enhancing tenant appeal.
Versatile Unit Layouts: Comprises a 2-bedroom, 1.5-bathroom front unit and a 1-bedroom, 1-bathroom rear unit with private entrances and outdoor space, catering to diverse tenant needs and maximizing rental flexibility.
Strong Investment Potential: Explicitly marketed as an 'incredible opportunity for first-time buyers or savvy investors,' leveraging its prime location and income-generating capabilities for long-term value.

Cons

Sold 'As-Is' Condition: The property is sold 'as-is,' indicating that the seller will not make repairs and placing the burden of any necessary renovations or deferred maintenance costs entirely on the buyer.
Age of Property: Built in 1923, the property is nearly a century old, which may imply outdated systems (plumbing, electrical), potential for lead paint/asbestos, and higher ongoing maintenance requirements compared to newer constructions.
Potential for Deferred Maintenance: Given its age and 'as-is' sale status, there is a strong likelihood of deferred maintenance, which could necessitate significant capital expenditure shortly after purchase to bring the property to optimal condition.

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