1725 W 38th Street, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$1,150,000
1725 W 38th Street, Los Angeles, California 90062
0Bed
0Bath
2,490Sqft
5,405Lot
Year Built
1922
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$462
HOA
-
Days on market
-
Sold On
-
MLS number
MB25087429
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(72th), sqft - 2490(61th), beds - undefined(50th), baths - undefined(50th).
Excellent Investment or Owner-User Opportunity – 3 Units Near USC & Downtown LA Don’t miss this unique opportunity to own a well-located triplex just minutes from USC, Downtown Los Angeles, major transportation hubs, and shopping centers. This property features three 1-bedroom units, each thoughtfully converted by the owner into 2-bedroom layouts (unpermitted). Ideal for both investors seeking strong rental income and owner-users looking to live in one unit while renting the others. The property offers significant upside potential in a high-demand rental area. Buyer to verify all permits and square footage.
Price History
Date
Event
Price
03/16/11
Sold
$175,000
01/12/09
Sold
$5,000
01/23/04
Sold
$223,000
Condition Rating
Poor
Built in 1922, this property exhibits significant signs of aging infrastructure, including likely outdated plumbing, electrical, and roofing systems that will necessitate substantial capital improvements. The exterior image shows cracked concrete and a generally neglected appearance. While the description mentions owner-converted 2-bedroom layouts, these are unpermitted, indicating potential code compliance issues and a lack of professional, permitted renovations. Without interior photos, it's difficult to assess kitchen and bathroom conditions directly, but given the property's age and the 'Aging Infrastructure' weakness, they are almost certainly outdated and require extensive renovation. The property requires substantial repairs and rehabilitation to bring it to modern standards and ensure safety and functionality.
Pros & Cons
Pros
Strategic Location: Situated minutes from USC, Downtown LA, major transportation, and shopping, ensuring high rental demand and tenant appeal.
Income-Generating Asset: A triplex offering immediate rental income potential, ideal for investors seeking consistent cash flow.
Owner-User Flexibility: Provides the option for an owner to occupy one unit while generating income from the others, offsetting mortgage costs.
High-Demand Rental Market: Located in an area known for strong rental demand, supporting consistent occupancy and potential for rent growth.
Significant Upside Potential: Positioned in a desirable Los Angeles market, offering strong long-term appreciation prospects for investors.
Cons
Unpermitted Unit Modifications: Units have unpermitted 2-bedroom conversions, presenting legal, compliance, and potential remediation risks.
Mandatory Due Diligence: Requires extensive buyer verification of all permits and square footage, potentially uncovering costly issues or delays.
Aging Infrastructure: Built in 1922, the property likely has older systems (plumbing, electrical, roof) that may necessitate substantial capital improvements.