1631 W 38th, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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1631 W 38th
Los Angeles, California 90062
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,968Sq Ft
5,403Lot Size
Property Price
LIST PRICE$800,000
EST. MARKET VALUE
$809,201
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned well below the $809,202 Fair Market Value by 1%. This valuation gap offers $9,202 in Instant Equity. Featuring a Fair Condition Rating, the asset offers significant value-add potential through systems modernization. With five rear parking spaces and a strategic location near USC, this property is a stable, income-generating asset ideal for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on high rental demand.
Estimated Market Value
$809,201
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1631 W 38th Subject | $800,000* List Price | 0 | 0 | 1,968 | $411 | - |
A 3968 3970 S Hobart Boulevard Sold | $775,000 | 0 | 0 | 1,818 | $426 | 0.4 mi |
B 4284 La Salle Sold | $800,000 | 4 | 2 | 2,119 | $378 | 0.9 mi |
C 3972 S Hobart Active | $675,000 List Price | 3 | 2 | 1,788 | $378 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the interior shows recent cosmetic updates such as laminate flooring and white shaker cabinets (likely <10 years old), the 1924 structure retains dated systems including wall heaters and window AC units. The exterior stucco and roof show visible signs of age and deferred maintenance consistent with a property that has not undergone a full systems overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Situated near the USC campus and the Expo/Western Expo Line station, this property is in a high-demand rental market with excellent transit accessibility for students and commuters.
- Ample Parking
The inclusion of five rear parking spaces is a rare and highly valuable asset for a multi-unit property in a dense Los Angeles neighborhood, significantly increasing tenant appeal.
- Investment Flexibility
With all units currently on month-to-month contracts, new owners have the immediate flexibility to adjust rents to market rates or reposition the asset without long-term lease constraints.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1924, the property likely requires significant capital expenditures for modernizing systems and maintaining the structural integrity of a century-old building.
- Limited Unit Diversity
The configuration of exclusively 1-bedroom units, including one noted as 'small,' limits the appeal to larger households and may cap the total potential rental income compared to multi-bedroom units.
About 1631 W 38th
Solid investment opportunity located near the USC campus and Expo/Wester Expo Line station, featuring two 1-bedroom, 1-bathroom units plus an additional small 1-bedroom, 1-bathroom unit. The property includes five rear parking spaces along with convenient access to public transit and local amenities. Currents are on month-to-month contracts. *Buyers and buyers' agent must verify all information herein. ** Photos will be updated soon.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 5,403 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,968 | 2,187.451 |
| Lot Size | 5,403 | 5,841.385 |
| Price | $800.0K | $841.5K |
| Price per sq ft | $407 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 19 | 85 |
Pricing History
Listed for Sale
Aug 21, 2026
$800,000
Initial Listing
Sold
Jan 31, 2018
$480,000
Public Record
Sold
Apr 1, 2003
$207,000
Public Record