1627 W 38th Street, Los Angeles, California 90062, Los Angeles, 90062 - 4 bed, 3 bath
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Los Angeles, California 90062
This Remodeled California Craftsman represents a Strong Value Opportunity, listed at $949,000—positioned well below the $994,605 Fair Market Value by 4%. This strategic pricing provides $45,605 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the home features paid-off solar panels, an EV charger, and LAR2 Zoning for future ADU or duplex expansion. Located near the USC rental market and 2028 Olympic venues, it perfectly balances immediate lifestyle luxury with long-term appreciation. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1627 W 38th Street Subject | $949,000* List Price | 4 | 3 | 2,096 | $475 | - |
A 3816 S Harvard Boulevard Sold | $1,160,000 | 4 | 2 | 2,026 | $573 | 0.2 mi |
B 3826 3828 La Salle Sold | $920,000 | 5 | 3 | 1,934 | $476 | 0.3 mi |
C 4156 Halldale Sold | $740,000 | 4 | 2 | 1,516 | $488 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1909 Craftsman has been extensively and recently renovated to meet modern standards. The property features a fully remodeled kitchen with quartz countertops, soft-close cabinetry, and stainless steel appliances, along with completely updated bathrooms. Major system upgrades include a new roof, new HVAC, updated electrical (200-amp panel) and plumbing, foundation improvements, and the addition of solar panels and an EV charger. The interior shows high-quality finishes such as wood-like laminate flooring, recessed lighting, and double-pane windows, with no signs of deferred maintenance.
The property features significant high-value improvements including paid-off solar panels, a new HVAC system, updated electrical/plumbing, a new roof, and foundation upgrades, ensuring immediate efficiency and reduced maintenance costs.
Zoned LAR2 on a 5,403 sq ft lot, this property offers excellent versatility for homeowners or investors to add value through a future ADU or duplex conversion in a high-demand rental market.
Ideally situated near the USC rental market and the 2028 Olympic venues, the property is perfectly positioned for long-term capital growth and high rental demand due to its proximity to the Metro E Line and major cultural landmarks.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Proximity to the LA Coliseum and BMO Stadium may result in significant traffic congestion and noise during major sporting events and the upcoming 2028 Summer Olympics.
While the lot allows for expansion, adding an ADU or second unit on a 5,403 sq ft lot may significantly limit private outdoor space and contribute to a high-density feel.
Zoned LAR2 this completely updated California Craftsman bungalow located in a mostly single family residential neighborhood is ideal for homeowners or investors seeking long-term value and excellent growth potential. Set on a 5,403 sq ft lot, the 4 bedroom, 3 bathroom property presents excellent possibilities to enhance returns, including future ADU and duplex opportunities (buyer to verify) which could significantly increase income potential and overall property value. The move-in-ready home has been thoughtfully remodeled with new wood-like laminate flooring, double-pane energy-efficient windows, recessed lighting, crown molding, and low maintenance drought-tolerant landscaping. From the inviting covered front porch, step into a formal living space with a remodeled open kitchen offering plenty of cupboard space, soft-close cabinets, stainless- steel appliances, quartz countertops, updated fixtures, and a kitchen island perfect for entertaining. Through the kitchen is the large open family and dining room with a beautiful beamed ceiling completed by a stone fireplace. French doors lead to a large backyard with new DG landscaping, ideal for BBQs, gatherings with friends and family, or future expansion. The private primary suite has a completely remodeled en-suite bathroom and a walk-in closet. Three generously sized guest bedrooms provide flexibility for large families, multi-generational living, or those seeking extra workspace. Additional upgrades include paid-off solar panels, a new HVAC system, 200-amp electrical panel, new roof, updated electrical and plumbing, new attic insulation, foundation upgrades, an alarm system with security cameras, and fast charging EV charger ensuring both comfort and efficiency. The expansive lot provides ample parking, featuring a detached garage plus three additional parking spaces. Ideally located near West Adams, Leimert Park, the high-demand USC rental market, the iconic LA Coliseum, which will host the 2028 Summer Olympics opening and closing ceremonies, BMO Stadium, Exposition Park with the brand-new Lucas Museum of Narrative Art, the 10 & 110 Fwys, and the Metro E Line Expo/Western Station with easy commute to Downtown LA, Santa Monica, and LAX, this property is exceptionally well-positioned for rental income and long-term appreciation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 2,096 | 1,450 | 91% |
| Lot Size | 5,403 | 5,409 | 47% |
| Price | $949.0K | $727.5K | 71% |
| Price per sq ft | $453 | $553 | 21% |
| Built year | 1909 | 1913 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 186 | 3% |
Apr 2, 2026
$949,000
Initial Listing
Apr 26, 2019
$650,000
Public Record
Apr 20, 2018
$565,000
Public Record
Apr 19, 2018
$540,000
Public Record