1725 W 38th Street, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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Los Angeles, California 90062
This Residential Income Triplex is listed at $1,150,000, situated in a high-demand rental market minutes from USC and Downtown Los Angeles. With a Fair Market Value of $791,004, the pricing reflects the property's significant revenue potential and strategic urban positioning. Currently holding a Condition Rating of 5, the 1922 structure features unpermitted two-bedroom conversions that offer a substantial value-add opportunity through modernization and code compliance. This asset is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to maximize cash flow in a competitive submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1725 W 38th Street Subject | $1,150,000* List Price | 0 | 0 | 2,490 | $318 | - |
A 4019 S Van Ness Avenue Active | $1,050,000 List Price | 0 | 0 | 2,652 | $396 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922, this century-old triplex shows significant signs of deferred maintenance and requires substantial capital investment for modernization. The property features unpermitted conversions of all three units from 1-bedroom to 2-bedroom layouts, which presents major risks regarding building code compliance and safety. Exterior images reveal aged siding and fixtures, and the listing analysis explicitly notes the need for system upgrades typical of a property of this vintage that has not undergone a recent comprehensive renovation.
Situated minutes from USC and Downtown Los Angeles, the property is positioned in a high-demand rental market ideal for students and urban professionals.
This triplex offers a flexible opportunity for owner-users to offset their mortgage by living in one unit, or for investors to maximize cash flow through a multi-unit portfolio.
The property features significant upside potential in a competitive submarket, with three units already configured to accommodate higher-occupancy rental needs.
The conversion of units from one-bedroom to two-bedroom layouts is unpermitted, which poses significant risks regarding financing, insurance, and building code compliance.
Built in 1922, the property likely requires substantial capital investment for modernizing systems and addressing deferred maintenance typical of century-old structures.
Excellent Investment or Owner-User Opportunity – 3 Units Near USC & Downtown LA Don’t miss this unique opportunity to own a well-located triplex just minutes from USC, Downtown Los Angeles, major transportation hubs, and shopping centers. This property features three 1-bedroom units, each thoughtfully converted by the owner into 2-bedroom layouts (unpermitted). Ideal for both investors seeking strong rental income and owner-users looking to live in one unit while renting the others. The property offers significant upside potential in a high-demand rental area. Buyer to verify all permits and square footage.
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 | 2,490 | 2,484 | 55% |
| Lot Size | 5,405 | 5,571 | 32% |
| Price | $1.15M | $904.9K | 73% |
| Price per sq ft | $462 | $372 | 77% |
| Built year | 1922 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 225 | 9% |
Mar 10, 2026
$1,150,000
Initial Listing
Mar 16, 2011
$175,000
Public Record
Jan 12, 2009
$5,000
Public Record
Jan 23, 2004
$223,000
Public Record