1221 W 38th, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$750,000$2/sqft
1221 W 38th, Los Angeles, California 90037
0Bed
0Bath
2Sqft
5,556Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strategic Location: Centrally located in Los Angeles with excellent access to Downtown LA, USC, Exposition Park, major freeways, shopping, and dining, enhancing its appeal and convenience.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2, other record living area = 1602.
Compared to the nearby listings
Price:$750.0K vs avg $945.0K ($-195,000)35%
Size:2 sqft vs avg 2,496 sqft5%
Price/sqft:$375.0K vs avg $34395%
More Insights
Built in 1905 (121 years old).
Condition: Built in 1905, this property is over a century old and explicitly stated to 'Need TLC' and require 'Extensive Renovation.' The image shows significant deferred maintenance, including an aged exterior, overgrown vegetation, and an older roof. The property analysis also highlights the need for substantial updates to plumbing, electrical, and HVAC systems due to its historic age. While it's a duplex with investment potential, its current condition necessitates major rehabilitation, aligning with the 'poor' category.
Year Built
1905
Close
-
List price
$750K
Original List price
$650K
Price/Sqft
$375,000
HOA
-
Days on market
-
Sold On
-
MLS number
SR26006178
Home ConditionPoor
Features
View-
About this home
Welcome to 1221 W 38th St, a well -located property in the heart of Los Angeles. This home offers a great opportunity for homeowners and investors alike, situated on a quiet residential street with convenient access to Downtown LA, USC, Exposition park, major freeways, shopping, and dining. Needs TLC.
M
Miguel Soriano
Listing Agent
Price History
Date
Event
Price
08/25/99
Sold
$168,000
09/30/03
Sold
$265,000
01/03/02
Sold
$205,000
Condition Rating
Poor
Built in 1905, this property is over a century old and explicitly stated to 'Need TLC' and require 'Extensive Renovation.' The image shows significant deferred maintenance, including an aged exterior, overgrown vegetation, and an older roof. The property analysis also highlights the need for substantial updates to plumbing, electrical, and HVAC systems due to its historic age. While it's a duplex with investment potential, its current condition necessitates major rehabilitation, aligning with the 'poor' category.
Pros & Cons
Pros
Strategic Location: Centrally located in Los Angeles with excellent access to Downtown LA, USC, Exposition Park, major freeways, shopping, and dining, enhancing its appeal and convenience.
Income-Generating Duplex: Classified as 'Residential Income' and a 'Duplex,' offering significant potential for rental income or multi-generational living arrangements.
Investment Potential: Explicitly described as a 'great opportunity for homeowners and investors alike,' suggesting strong long-term value appreciation in a desirable market.
Desirable Neighborhood Setting: Situated on a 'quiet residential street,' providing a peaceful living environment despite its proximity to major urban amenities.
Generous Lot Size: A 5,556 sqft lot offers ample outdoor space, which is a valuable asset for a duplex in a dense urban area like Los Angeles.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2, other record living area = 1602.
Extensive Renovation Required: The property 'Needs TLC,' indicating significant work and investment will be necessary to modernize and restore the property to its full potential.
Historic Property Age: Built in 1905, the property is over a century old, likely requiring substantial updates to plumbing, electrical, HVAC systems, and potentially structural considerations.
Recent Price Adjustment: The listing price recently increased from $650,000 to $750,000, which may suggest an aggressive pricing strategy or could deter potential buyers.