NOT LISTED FOR SALE

1150 W 38th St Los Angeles, CA 90037

Exposition Park Neighborhood

Estimated Value: $1,099,000 - $1,141,591

4 Beds
3 Baths
2,268 Sq Ft
$492/Sq Ft Est. Value

Last Sold March 08, 2019

Last sale price $1,600,000 $705 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $7,200/month

30 Days on Market

About This Home

As of March 2019

I present to you this Great development opportunity in the highly desirable North University Park neighborhood of Los Angeles. The property sits walking distance to USC, the new Metro Expo Line (traveling to Santa Monica and Downtown LA), the new USC Village development and the temporary home of the L.A. Rams NFL football team, the Los Angeles Memorial Colosseum. This corner lot property is zoned LARD 1.5 and is being sold together with 1156 W. 38th St. (the adjacent neighboring property) for $1,870,000 O.B.O. giving you a total of +/- 13,461 Sq Feet (per assessor, combined) of land to Develop and Maximize it's location (buyer to verify with the city, broker makes no warranties). Great investment/development opportunity. Check with the City of Los Angeles for subdivision requirements. Buyer to verify zoning and regulations with the City of Los Angeles and all other government agencies. Currently this property consist of 3 units. This is a package sale (1150 & 1156 W. 38th St)

Last Agent to Sell the Property

Uriel Estrada

Executive Bankers Realty License #01731711 Listed on: 08/20/2018

Last Buyer's Agent

Uriel Estrada

Executive Bankers Realty License #01731711 Listed on: 08/20/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,167

Year Built

  • Built in 1905

Lot Details

  • 6,797 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 2,268 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 2312
  • Assessor Parcel Number 5037012001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,167

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5037012001
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 705.47

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6797.00
  • Lot Size Acres: 0.1560

Multi Family

  • Lot Size Area: 6797.0000 Square Feet
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2312.10
  • Tax Lot: 17
  • Tax Tract Number: 2312.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2024
Sold by
Mousiki David and Mousiki Benny
Bought by
Soho 50 Llc
Current Estimated Value
$1,116,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,084,823
Interest Rate
6.61%
Mortgage Type
Construction
Estimated Equity
$50,534

Purchase Details

Closed on
Mar 31, 2020
Sold by
Mousiki Lida
Bought by
Mousiki Benny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2020
Sold by
Orange Group Partners Llc
Bought by
Mousiki David and Mousiki Benny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2019
Sold by
Aec Eat Llc
Bought by
Orange Group Partners Llc

Purchase Details

Listed on
Aug 20, 2018
Closed on
Mar 26, 2019
Sold by
Han Howard
Bought by
Aec Eat Llc
Seller's Agent
Uriel Estrada
Executive Bankers Realty
Buyer's Agent
Uriel Estrada
Executive Bankers Realty
List Price
$1,870,000
Sold Price
$1,600,000
Premium/Discount to List
-$270,000
-14.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.24%
Original Mortgage
$971,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2017
Sold by
Han Susanna
Bought by
Han Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2015
Sold by
Hanason Llc
Bought by
Han Howard

Purchase Details

Closed on
Jan 29, 2010
Sold by
Mchugh Frank and Mchugh Family Trust
Bought by
Hahason Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 15, 2005
Sold by
Mchugh Frank
Bought by
Mchugh Frank and Mchugh Family Trust

Purchase Details

Closed on
Dec 17, 2003
Sold by
Doi Fumiye
Bought by
Mchugh Frank

Purchase Details

Closed on
Nov 24, 1996
Sold by
Doi Fumiye
Bought by
Doi Fumiye and Doi Family Trust

Purchase Details

Closed on
Oct 21, 1994
Sold by
Doi David I and Doi Sanaye B
Bought by
Doi Fumiye
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Soho 50 Llc -- Ticor Title
Mousiki Benny -- First American Title Company
Mousiki David -- First American Title Company
Mousiki David -- First American Title Company
Orange Group Partners Llc $875,000 Ticor Title
Aec Eat Llc $875,000 Ticor Title Company Of Ca
Han Howard -- Chicago Title Company
Han Howard -- None Available
Hahason Llc $300,000 None Available
Mchugh Frank -- --
Mchugh Frank $215,000 Fidelity National Title Co
Doi Fumiye -- --
Doi Fumiye -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soho 50 Llc $1,100,000
Previous Owner Mousiki David $507,000
Previous Owner Aec Eat Llc $971,000
Previous Owner Han Howard $306,000
Previous Owner Han Howard $320,000
Previous Owner Hahason Llc $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2019 03/08/19 Sold $1,600,000 -14.4% $705 / Sq Ft
09/19/2018 09/19/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $1,870,000 -- $825 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,167 $975,702 $964,981 $10,721
2023 $11,938 $956,571 $946,060 $10,511
2022 $11,394 $937,815 $927,510 $10,305
2021 $11,249 $919,427 $909,324 $10,103
2020 $12,272 $910,000 $900,000 $10,000
2019 $6,314 $347,135 $231,425 $115,710
2018 $4,412 $340,330 $226,888 $113,442
2016 $4,207 $327,117 $218,079 $109,038
2015 $4,149 $322,205 $214,804 $107,401
2014 $4,183 $315,895 $210,597 $105,298
Source: Public Records

Agents Affiliated with this Home

  • U

    Seller's Agent in 2019

    Uriel Estrada

    Executive Bankers Realty

    (562) 458-9215

    26 Total Sales

    Uriel Estrada
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18204329

California Regional Multiple Listing Service (CRMLS)

APN: 5037-012-001

California Los Angeles County Los Angeles 90007 Exposition Park

1150 W 38th St, Los Angeles, CA

This home is located at 1150 W 38th St, Los Angeles, CA 90037 since 20 August 2018 and is currently estimated at $1,116,898, approximately $492 per square foot. This property was built in 1905. 1150 W 38th St is a home located in Los Angeles County with nearby schools including Lenicia B. Weemes Elementary School, Manual Arts Senior High School, and Stem Preparatory Academy.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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