1311 W 38th, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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Los Angeles, California 90062
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,425,000—positioned above the $1,358,849 Fair Market Value. While currently requiring a full rehab, the property’s LARD 1.5 zoning allows for significant density expansion to 8-10 units. Delivered fully vacant, this Fair Condition Rating asset eliminates tenant relocation hurdles, providing a blank canvas for value-add redevelopment. This is a strategic acquisition ideal for Buy-and-Hold Investors or Developers seeking long-term upside through increased density and modern unit finishes.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1311 W 38th Subject | $1,425,000* List Price | 0 | 0 | 2,608 | $521 | - |
A 1725 W 38th Street Active | $1,150,000 List Price | 0 | 0 | 2,490 | $462 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921 and currently undergoing renovations, the property is vacant and sold in its current unfinished state. It requires a full rehab to complete kitchens, bathrooms, and systems; the listing notes that provided images are renderings and the property is a value-add/redevelopment opportunity.
The LARD 1.5 zoning provides a massive value-add opportunity, with the potential to increase density to 8-10 units, offering substantial long-term upside for developers.
The property is completely vacant, allowing an investor to avoid tenant relocation hurdles and immediately implement market-rate rents or proceed with construction.
Currently undergoing renovations, the property offers a blank canvas for buyers to select their own finishes or negotiate a completed product tailored to their investment standards.
The property is sold in its current 'as-is' renovation state, requiring the buyer to manage ongoing construction, permitting, and potential budget overruns.
Due to the mid-renovation status and 'as-is' sale condition, traditional financing may be difficult to secure, likely necessitating cash or bridge loan structures.
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) two-bedroom/one bath units and (1) one-bedroom/one bath unit. The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested. The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one. The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyers verification with the city. This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential. This area has shown tons of growth and lots of business development in the immediate area is good for economic growth. Rendered Pictures are Renderings of the existing structure.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,608 | 2,611 | 50% |
| Lot Size | 5,255 | 6,008 | 21% |
| Price | $1.43M | $891.2K | 96% |
| Price per sq ft | $546 | $329 | 96% |
| Built year | 1921 | 1924 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 201 | 4% |
May 28, 2026
$1,425,000
Initial Listing
Apr 11, 2024
$720,000
Public Record