NOT LISTED FOR SALE

1168 W 38th St Los Angeles, CA 90037

Exposition Park Neighborhood

Estimated Value: $995,000 - $1,497,000

5 Beds
4 Baths
3,296 Sq Ft
$385/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $1,370,000 $416 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $8,489/month

About This Home

As of July 2021

We are pleased to offer the opportunity to acquire this four (4) unit, brand new construction multifamily investment opportunity, blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1924/2020, and fully updated/remodeled throughout, with approximately 3,296 rentable square feet on a 6,633 square foot lot. The investment is comprised of two (2) separate structures, with a unit mix consisting of three (3) spacious 1-bedroom + 1-bathroom units & one (1) 2-bedroom + 1-bathroom unit. One unit will be delivered vacant, and will cash flow at approximately $8,000/month fully occupied. The kitchens have granite countertops and wet bar, with brand new stainless steel appliances, dishwasher, and washer and dryer. The bedrooms are spacious, have large windows, and offers full walk in closets.

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 07/20/2021

Keller Williams Hollywood Hills

Co-Listed By

Adam Shamooelian

Keller Williams Beverly Hills License #02116849

Last Buyer's Agent

Louie Gomez

TOP PRODUCERS REALTY PARTNERS License #02015392

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,589

Year Built

  • Built in 1920

Lot Details

  • 6,664 Sq Ft Lot

Interior Spaces

  • 3,296 Sq Ft Home
  • 1-Story Property

Kitchen

  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Assigned Parking

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5037-012-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,589

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 3296
  • Lot Acreage: 0.1530
  • Stories: 1
  • Year Built: 1920
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal, Dishwasher, Dryer, Freezer, Washer
  • Price Per S Q F T: 408.07

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 47.87
  • Assessed Improvement Value: 290442
  • Assessed Land Percent: 52.13
  • Assessed Land Value: 316239
  • Total Assessed Value: 606681
  • Assessor Parcel Number: 5037-012-004
  • Lot Size Area: 6664

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.00
  • Number Of Units: 4
  • Total Annual Expense: 25198
  • Type Of Units: Apartments
  • Vacancy Rate: 25%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Jun 8, 2021
Sold by
Williams John and Meuret Erika
Bought by
Jaladanki Sreenivasulu and Jaladanki Udayarka
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Louie Gomez
TOP PRODUCERS REALTY PARTNERS
List Price
$1,345,000
Sold Price
$1,370,000
Premium/Discount to List
$25,000
1.86%
Current Estimated Value
$1,267,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$102,051
Avg. Annual Appreciation
-2.41%
Original Mortgage
$1,027,500
Outstanding Balance
$941,133
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$301,615

Purchase Details

Closed on
Oct 4, 2019
Sold by
1168 West 38Th Street Llc
Bought by
Williams John and Meuret Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
3.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 4, 2019
Sold by
Williams John and Meuret Erika
Bought by
1168 West 38Th Street Llc

Purchase Details

Closed on
Feb 24, 2017
Sold by
Argueta Jose Orlando
Bought by
Williams John and Meuret Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2003
Sold by
Argueta Adriana
Bought by
Argueta Jose Orlando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2003
Sold by
Taub Victor
Bought by
Argueta Jose Orlando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2003
Sold by
Taub Victor and Bernane Alla
Bought by
Taub Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,600
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2002
Sold by
Juhl Howard H
Bought by
Taub Victor and Bernane Alla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.08%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jaladanki Sreenivasulu $1,370,000 North American Title Co Inc
Williams John -- Lawyers Title Company
1168 West 38Th Street Llc -- None Available
Williams John $425,000 Pacific Coast Title Company
Argueta Jose Orlando -- Ticor Title Company Of Calif
Argueta Jose Orlando $293,000 Ticor Title Company Of Calif
Taub Victor -- Fidelity Natl Title Ins Co
Taub Victor $150,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaladanki Sreenivasulu $1,027,500
Previous Owner Williams John $1,054,500
Previous Owner Williams John $218,000
Previous Owner Williams John $104,000
Previous Owner Williams John $340,000
Previous Owner Argueta Jose Orlando $323,000
Previous Owner Argueta Jose Orlando $234,400
Previous Owner Taub Victor $209,600
Previous Owner Taub Victor $135,000
Closed Argueta Jose Orlando $29,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2021 07/23/21 Sold $1,370,000 +1.9% $416 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $1,345,000 -- $408 / Sq Ft
Source: The MLS

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 $17,589 $1,425,348 $936,360 $488,988
2023 $17,254 $1,397,400 $918,000 $479,400
2022 $16,458 $1,370,000 $900,000 $470,000
2021 $7,670 $612,965 $319,515 $293,450
2020 $7,744 $606,681 $316,239 $290,442
2019 $5,573 $442,169 $310,039 $132,130
2018 $5,494 $433,500 $303,960 $129,540
2016 $4,474 $351,897 $300,258 $51,639
2015 $4,412 $346,612 $295,748 $50,864
2014 $4,447 $339,823 $289,955 $49,868
Source: Public Records

Agents Affiliated with this Home

  • Davis Saadian

    Seller's Agent in 2021

    Davis Saadian

    Keller Williams Hollywood Hills

    (310) 402-8958

    17 in this area

    78 Total Sales

    Davis Saadian
    Section Image
  • Adam Shamooelian

    Seller Co-Listing Agent in 2021

    Adam Shamooelian

    Keller Williams Beverly Hills

    (310) 432-6400

    13 in this area

    46 Total Sales

    Adam Shamooelian
    Section Image

  • L

    Buyer's Agent in 2021

    Louie Gomez

    TOP PRODUCERS REALTY PARTNERS

  • Paul Fernandez

    Buyer Co-Listing Agent in 2021

    Paul Fernandez

    Nexgen Realtors

    (323) 596-1523

    1 in this area

    49 Total Sales

    Paul Fernandez
    Section Image
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Map

Source: The MLS

MLS Number: 21-763180

The MLS

APN: 5037-012-004

California Los Angeles County Los Angeles 90007 Exposition Park

1168 W 38th St, Los Angeles, CA

This home is located at 1168 W 38th St, Los Angeles, CA 90037 since 20 July 2021 and is currently estimated at $1,267,949, approximately $384 per square foot. This property was built in 1920. 1168 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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