NOT LISTED FOR SALE

1209 W 38th St Los Angeles, CA 90037

Exposition Park Neighborhood

Estimated Value: $979,000 - $1,314,868

6 Beds
3 Baths
2,532 Sq Ft
$462/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $720,000 $284 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $7,236/month

181 Days on Market

About This Home

As of February 2017

Great opportunity to own a triplex near USC and downtown Los Angeles! This triplex is perfect for buyers looking for an investment or for wanting to live in the main house and rent the duplex units out. The main house is a 3 bedroom and 1 bath, buyer must do their research. The assessor is showing it as a 2 bedroom and 1 bath. Buyer to verify. The rear units are detected Duplex from the main house, both units has 2 bedroom and 1 bath each. The property is in a convenient location near the 110 and 10 freeway, Staples center now the Los Angeles Metro line. The property will be SOLD AS IS tenant occupied.

Last Agent to Sell the Property

Maple Patton

Coldwell Banker Realty License #01121781 Listed on: 08/15/2016

Coldwell Banker Realty

Last Buyer's Agent

Marcus Salloum

License #01238624

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,269

Year Built

  • Built in 1909

Lot Details

  • 5,796

Parking

  • Driveway

Home Design

  • Triplex

Interior Spaces

  • 2,532 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 5,796 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5037-014-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,269

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2532
  • Stories: 2
  • Year Built: 1909
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 302.13

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Driveway - Pavers

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 98329
  • Assessed Land Value: 147498
  • Assessor Parcel Number: 5037-014-028
  • Geocode Override: No
  • Lot Size Area: 5796

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 58800.00
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Luu Yen and Nguyen Thao Thu
Bought by
Thao Nguyen Living Trust and Nguyen Bella Thao
Total Days on Market
181
Current Estimated Value
$1,170,967

Purchase Details

Listed on
Aug 15, 2016
Closed on
Feb 10, 2017
Sold by
Nguyen Nick Thanh
Bought by
Luu Yen
Seller's Agent
Maple Patton
Coldwell Banker Realty
Buyer's Agent
Marcus Salloum
List Price
$765,000
Sold Price
$720,000
Premium/Discount to List
-$45,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%

Purchase Details

Listed on
Aug 15, 2016
Closed on
Feb 2, 2017
Sold by
Shalom Land Llc
Bought by
Luu Yen and Nguyen Thao Thu
Seller's Agent
Maple Patton
Coldwell Banker Realty
Buyer's Agent
Marcus Salloum
List Price
$765,000
Sold Price
$720,000
Premium/Discount to List
-$45,000
-5.88%

Purchase Details

Closed on
Apr 28, 2016
Sold by
Chae Kyu Hwang and Chae Sunyoung
Bought by
Shalom Land Llc

Purchase Details

Closed on
Dec 8, 2015
Sold by
Chae Kyu Hwang and Chae Sun Young Shelley
Bought by
Chae Kyu Hwang and Chae Sunyoung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,700
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2014
Sold by
Williams Sheryl
Bought by
Chae Kyu Hwang and Chae Sun Young Shelley

Purchase Details

Closed on
Aug 28, 2001
Sold by
Wallace Elsie L
Bought by
Williams Sheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.88%

Purchase Details

Closed on
Feb 5, 1997
Sold by
Wallace Elsie L
Bought by
Wallace Elsie L

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
7.81%

Purchase Details

Closed on
Jun 26, 1996
Sold by
Wallace Elsie L
Bought by
Wallace Elsie L

Purchase Details

Closed on
Apr 26, 1994
Sold by
Wallace Elsie L and Browne Elveata
Bought by
Wallace Elsie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.85%

Purchase Details

Closed on
Apr 8, 1994
Sold by
Wallace Elsie L
Bought by
Wallace Elsie L and Browne Elveata

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.85%
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
Thao Nguyen Living Trust -- None Listed On Document
Luu Yen -- Equity Title
Luu Yen $720,000 Equity Title
Shalom Land Llc -- None Available
Chae Kyu Hwang -- Priority Title
Chae Kyu Hwang $399,000 Equity Title
Williams Sheryl $181,818 Northern Counties Title
Wallace Elsie L -- American Title Ins Co
Wallace Elsie L -- --
Wallace Elsie L -- Fidelity National Title
Wallace Elsie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chae Kyu Hwang $380,700
Previous Owner Williams Sheryl $315,000
Previous Owner Williams Sheryl $248,500
Previous Owner Williams Sheryl $210,000
Previous Owner Williams Sheryl $160,000
Previous Owner Wallace Elsie L $135,000
Previous Owner Wallace Elsie L $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2017 02/28/17 Sold $720,000 -5.9% $284 / Sq Ft
02/12/2017 02/12/17 Pending -- -- --
08/15/2016 08/15/16 For Sale $765,000 -- $302 / 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
2025 $10,269 $835,618 $580,292 $255,326
2024 $10,269 $819,234 $568,914 $250,320
2023 $10,078 $803,171 $557,759 $245,412
2022 $9,620 $787,423 $546,823 $240,600
2021 $9,493 $771,984 $536,101 $235,883
2020 $9,587 $764,669 $530,604 $234,065
2019 $9,214 $749,688 $520,200 $229,488
2018 $9,112 $735,000 $510,000 $225,000
2016 $5,119 $405,084 $283,254 $121,830
2015 $3,221 $245,827 $147,498 $98,329
2014 $3,253 $241,012 $144,609 $96,403
Source: Public Records

Agents Affiliated with this Home

  • Maple Patton

    Seller's Agent in 2017

    Maple Patton

    Coldwell Banker Realty

    (310) 617-7063

    16 Total Sales

    Maple Patton
    Section Image

  • M

    Buyer's Agent in 2017

    Marcus Salloum

  • F

    Buyer's Agent in 2017

    FELIPE ACUNA

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Map

Source: The MLS

MLS Number: 16-153588

The MLS

APN: 5037-014-028

California Los Angeles County Los Angeles 90007 Exposition Park

1209 W 38th St, Los Angeles, CA

This home is located at 1209 W 38th St, Los Angeles, CA 90037 since 15 August 2016 and is currently estimated at $1,170,967, approximately $462 per square foot. This property was built in 1909. 1209 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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