1174 W 38th, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
1174 W 38th
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 1174 W 38th, Los Angeles, California 90037 is currently available with a list price of $1,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1926, this multi-unit property is well-maintained but shows significant signs of age. While the vacant unit has received some cosmetic updates—including newer kitchen cabinetry, stone countertops, and laminate flooring—the bathrooms feature dated tiling and fixtures. The listing explicitly notes 'value-add upside through renovations,' indicating that major systems and finishes are not fully modernized to current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property features a rare configuration of a triplex plus a legal ADU, providing four distinct income streams and a vacant 2-bedroom unit ideal for an owner-occupant or immediate market-rate leasing.
- Strategic High-Demand Location
Located minutes from USC, Exposition Park, and Downtown LA, the property is positioned in a high-density rental hub with consistent demand from students and urban professionals.
- Secure Private Parking
A long, gated driveway offers secure off-street parking for tenants, a premium feature in this neighborhood that significantly enhances tenant retention and property value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2300, other record living area = 2340.
- Vintage Infrastructure
Built in 1926, the property likely requires ongoing maintenance and potential capital improvements to modernize aging systems common in century-old structures.
- Management Complexity
Managing four separate units on a single lot increases operational intensity and the likelihood of higher turnover costs compared to smaller residential investments.
About 1174 W 38th
Income-Producing Triplex + Legal ADU — Prime Central LA Location! Rare investment opportunity: a well-maintained triplex plus a legal ADU, currently delivering strong rental income and positive cash flow from day one. One unit is vacant (2 bed / 1 bath) — perfect for owner-occupancy or immediate lease-up. All units feature practical layouts that appeal to a wide tenant pool. Property Highlights: - 3 separate rental units + legal ADU - One vacant 2BR/1BA unit (ready to occupy or rent) - Secure, long gated driveway with private off-street parking - Positive cash flow in place - Value-add upside through renovations, rent optimization or repositioning Location Benefits: - Minutes to USC, LAFC stadium, Crypto.com Arena, DTLA, major freeways and transit - Close to shopping, dining and employment hubs — consistently high rental demand Ideal for investors or owner-users seeking a versatile, income-producing asset with immediate returns and long-term appreciation potential. Schedule a showing today!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1926
- Lot Size
- 6,666 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,300 | 2,419 | 45% |
| Lot Size | 6,666 | 5,451.5 | 85% |
| Price | $1.20M | $945.0K | 80% |
| Price per sq ft | $522 | $324 | 90% |
| Built year | 1926 | 1923 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 259 | 5% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,200,000
Initial Listing
Sold
Jul 1, 2004
$273,500
Public Record