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    1363 W 38Th Street

    Los Angeles (City), CA 90062
    • $785,995
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 21695002
    UPDATED: 49 min ago
    $785,995
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,768
      SQFT
    • $445
      $/SQFT
    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 California Regional Multiple Listing Service, Inc. as of 2021-05-17T10:31:40.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/114663565
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    1363 W 38Th Street Los Angeles (City), CA 90062

    • Price: $785,995
    • Status: Active
    • Updated: 49 min ago
    • ID#: 21695002
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,768
    SQFT
    $445
    $/SQFT
    1902
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - 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

    Architectural Style Traditional Carport YN Yes Direction Faces South Foundation Details Raised Parking Features Detached CarportDriveway Parking Total 2 Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features None Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Interior Features Attic

    Property Features

    Additional Parcels YN No Community Features Gated Garage YN Yes Gross Income 11232 Land Lease YN No Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 1200 Net Operating Income 7732 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Possession Close Of Escrow Property Condition Fixer Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricity Water Sewer Expense 3450 Zoning Lard1.5

    Listing provided courtesy of Richard Casillas of Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T10:31:40.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    The Bhagat Group
    22939 Hawthorne Blvd, Suite 203
    Torrance CA, 90505