1650 W 38th, Los Angeles, California 90062, Los Angeles, 90062 - 2 bed, 1 bath
1650 W 38th
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 1650 W 38th, Los Angeles, California 90062 reveals a Prime Investment Opportunity with a current list price of $525,000—significantly undercutting the $588,080 Fair Market Value by 10%. This valuation gap indicates a +$63,080 Instant Equity potential for buyers. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1650 W 38th Subject | $525,000* List Price | 2 | 1 | 1,204 | $488 | - |
A 1844 W 39th Street Sold | $600,000 | 2 | 1 | 1,080 | $556 | 0.3 mi |
B 3970 Dalton Avenue Pending | $589,000 List Price | 2 | 1 | 1,040 | $566 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1909, this property is explicitly marketed as a fixer-upper for investors and flippers, with the listing advising to 'bring your tool belt.' The home requires substantial rehabilitation and modernization of aging infrastructure, including likely updates to electrical, plumbing, and structural systems to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Situated in the high-demand Jefferson Park neighborhood, the property is minutes from USC, Exposition Park, DTLA, and the Expo Line, offering exceptional rental and resale potential.
- Investment Potential
Priced competitively for the Los Angeles market and delivered vacant, this property serves as an ideal project for flippers or investors looking to capitalize on a high-growth area.
- Development Opportunity
The 5,405-square-foot lot provides significant space for potential expansion or the addition of an Accessory Dwelling Unit (ADU), allowing for increased density and value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1204, other record living area = 2381. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 6.
- Extensive Renovation Needed
The property requires significant repairs and modernization, as indicated by the 'bring your tool belt' advisory, which will necessitate a substantial capital investment.
- Aging Infrastructure
Built in 1909, the home likely features outdated electrical, plumbing, and structural systems that may not meet current building codes and could lead to unforeseen costs.
About 1650 W 38th
Location Location Location Great Opportunity Bring your tool belt. Welcome to 1650 W. 38th Place — 2-bedroom, 1-bath 5405 Sq. Ft. lot built in 1909. Nestled in the heart of the sought-after Jefferson Park neighborhood Ideal for Investors, flippers, or anyone with a creative vision. Don't miss this opportunity to transition this property. Conveniently situated just minutes near Exposition Park, USC University, DTLA, The Expo Line, BMO Stadium and the upcoming George Lucas Museum and New developments. Will be delivered vacant. Don't miss this opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 5,405 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,204 | 1,389 | 28% |
| Lot Size | 5,405 | 5,411 | 45% |
| Price | $525.0K | $800.0K | 7% |
| Price per sq ft | $436 | $556 | 24% |
| Built year | 1909 | 1913 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 185 | 3% |
Pricing History
Listed for Sale
Feb 23, 2026
$525,000
Initial Listing
Sold
Feb 28, 2023
$1,030,000
Public Record
Sold
Aug 30, 2019
$725,000
Public Record