NOT LISTED FOR SALE

1345 W 38th St Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $2,118,562 - $2,315,000

8 Beds
6 Baths
4,780 Sq Ft
$464/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $1,330,000 $278 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $14,387/month

11 Days on Market

Highlights

  • Fenced Yard
  • Laundry Room
  • Ceiling Fan
  • Bathtub
  • Ceramic Tile Flooring
  • Front Yard

About This Home

As of July 2019

Circa 1925 Mission Revival Style 6-unit building in King Estates, adjacent to USC & 160-acre urban-Exposition Park. Stroll to classes, metro line, museums, coliseum & mega stadium events. Building consist of (4) 1 bedrooms & (2) 2 bedrooms units with laundry in 4 units. High ceilings, original character details, faux fireplaces & 4 separate 1- car garages & 2 off street parking spaces. Actual rents are below market rates. Tremendous upside potential for the astute investor/buyer. 3 units to be delivered vacant, possibly 4. Live in one & pay your mortgage with the rents from the others. Wonderful opportunity to own a piece of LA's Roaring 1920's History. Attention Preservationist, Architects, Interior Designers & like minded individualsTweak this one to its original Historic Architectural GloryPossible Mills Act candidate?!? Buyer to verify!

Last Agent to Sell the Property

John Dickey

Keller Williams Larchmont License #00882872 Listed on: 06/17/2019

Keller Williams Larchmont

Last Buyer's Agent

John Dickey

Coldwell Banker Residential Brokerage License #00882872

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,759

Year Built

  • Built in 1925

Lot Details

  • 6,681 Sq Ft Lot
  • Fenced Yard
  • Front Yard

Parking

  • 1 Car Garage

Interior Spaces

  • 4,780 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Decorative Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms
  • Bathtub

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5036-001-020

Community Details

Overview

  • Association fees include trash, water and sewer paid, water
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,759

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 4780
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free Standing Gas, Gas
  • Bedrooms: 8
  • Common Walls: Attached
  • Bathroom Features: Tile, Tub Only
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Counter Top
  • Laundry: Community, In Unit, Laundry Area
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Ceiling Fan, Refrigerator
  • Price Per S Q F T: 261.51

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No

Garage/Parking

  • Garage Spaces: 1
  • Garage Structures: 4
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan, Wall Unit(s)
  • Heating: Wall Gas

Condo/Co-op/Association

  • Association Fees Include: Trash, Water and Sewer Paid, Water

Lot Info

  • Assessed Improvement Value: 232999
  • Assessed Land Value: 543666
  • Assessor Parcel Number: 5036-001-020
  • Geocode Override: No
  • Lot Description: Fenced Yard, Front Yard
  • Lot Location: Park Nearby
  • Lot Size Area: 6681

Rental Info

  • Lease Per Month Year: Month

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Number Of Units: 6
  • Total Annual Expense: 0
  • Type Of Units: apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2021
Sold by
Singh Allagh Tawinder and Kaur Amardeep
Bought by
Aeae Properties Llc
Current Estimated Value
$2,261,826

Purchase Details

Closed on
May 7, 2021
Sold by
Casa 38 Th Street Llc
Bought by
Allagh Tawinder Singh and Allagh Amardeep Kaur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2019
Closed on
Jul 19, 2019
Sold by
Strickland Myles Winonia Strickland and Strickland Myles Winonia
Bought by
Casa 38Th Street Llc
Seller's Agent
John Dickey
Keller Williams Larchmont
Buyer's Agent
John Dickey
Keller Williams Larchmont
List Price
$1,250,000
Sold Price
$1,330,000
Premium/Discount to List
$80,000
6.4%

Purchase Details

Closed on
Mar 24, 2017
Sold by
Myles Winonia Strickland
Bought by
Myles Winonia Strickland and Strickland Myles Living Trust

Purchase Details

Closed on
Jan 22, 2015
Sold by
Mountain Line Views Inc
Bought by
Myles Winonia Strickland

Purchase Details

Closed on
Dec 30, 2009
Sold by
Myles Winonia Strickland
Bought by
Mountain Line Views Inc

Purchase Details

Closed on
Sep 26, 2007
Sold by
Witbeck Robert C
Bought by
Myles Winonia Strickland

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2003
Sold by
Neusom Lucrecia O
Bought by
Witbeck Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2003
Sold by
Witbeck Katrina E
Bought by
Witbeck Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2002
Sold by
Larios Maritza
Bought by
Larios Mauricio
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
Aeae Properties Llc -- Bridge Law Llp
Allagh Tawinder Singh -- Bridge Law Llp
Allagh Tawinder Singh $1,900,000 North American Title Co Inc
Casa 38Th Street Llc $1,330,000 Progressive Title Company
Myles Winonia Strickland -- None Available
Myles Winonia Strickland -- Accommodation
Mountain Line Views Inc -- None Available
Myles Winonia Strickland $599,000 First American Title Company
Witbeck Robert C $360,000 Ticor Title Insurance
Witbeck Robert C -- Ticor Title Insurance
Larios Mauricio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allagh Tawinder Singh $515,000
Previous Owner Casa 38Th Street Llc $1,247,500
Previous Owner Myles Winonia Strickland $460,000
Previous Owner Witbeck Robert C $255,000
Previous Owner Neusom Lucrecia $143,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 Sold $1,330,000 +6.4% $278 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $1,250,000 -- $262 / 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 $24,759 $2,016,295 $1,326,510 $689,785
2024 $24,759 $1,976,760 $1,300,500 $676,260
2023 $24,757 $1,976,760 $1,300,500 $676,260
2022 $23,631 $1,938,000 $1,275,000 $663,000
2021 $16,797 $1,343,778 $909,324 $434,454
2020 $16,972 $1,330,000 $900,000 $430,000
2019 $10,499 $808,040 $565,629 $242,411
2018 $10,361 $792,197 $554,539 $237,658
2016 $9,844 $761,437 $533,006 $228,431
2015 $7,170 $537,012 $322,208 $214,804
2014 $7,232 $526,494 $315,897 $210,597
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    John Dickey

    Keller Williams Larchmont

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Map

Source: The MLS

MLS Number: 19-478726

The MLS

APN: 5036-001-020

California Los Angeles County Los Angeles 90018 Exposition Park

1345 W 38th St, Los Angeles, CA

This home is located at 1345 W 38th St, Los Angeles, CA 90062 since 17 June 2019 and is currently estimated at $2,216,781, approximately $463 per square foot. This property was built in 1925. 1345 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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