NOT LISTED FOR SALE

1411 W 38th St Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $990,000 - $1,212,000

6 Beds
4 Baths
2,468 Sq Ft
$432/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $900,000 $365 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,751/month

298 Days on Market

About This Home

As of September 2020

Triplex located in a very desirable IRS Opportunity Zone with huge tax benefits. First time on the market in over 50 years. Close to USC, walking distance to Metro, near the 10/110 freeway, minutes to DTLA and the new LAFC soccer stadium. 2 of 3 units are vacant. Please call for more information regarding the occupied unit. Front house is 3Bed/2Bath; Back unit consists of 1bed/1bath downstairs and 2bed/1bath upstairs. With projected rents you can anticipate a Cap Rate of 7%. Property is fully gated with a private driveway for front house and separate parking for back units with entrance from the alley. Recent Upgrades include: All New Water Heaters; Upgrades to Kitchen and Bathroom; Recently Painted.

Last Agent to Sell the Property

Nathan Paterson

Beverly and Company, Inc. License #02053157 Listed on: 09/09/2019

Beverly and Company, Inc.

Co-Listed By

Allen Brodetsky

Boutique Realty License #01845633

Last Buyer's Agent

John Tran

License #02034622

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,886

Year Built

  • Built in 1908

Lot Details

  • 5,288

Home Design

  • Triplex

Interior Spaces

  • 2,468 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • Driveway

Additional Features

  • 5,288 Sq Ft Lot
  • Floor Furnace

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5036-002-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,886

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2468
  • Stories: 2
  • Year Built: 1908
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Dryer, Washer
  • Price Per S Q F T: 382.90

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 7

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 29122
  • Assessed Land Value: 20883
  • Assessor Parcel Number: 5036-002-014
  • Geocode Override: No
  • Lot Size Area: 5288

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2020
Sold by
Thompson Michelle
Bought by
Thompson Donald E
Current Estimated Value
$1,052,000

Purchase Details

Closed on
Feb 13, 2020
Sold by
Thompson Donald E
Bought by
Mack Denver and Mack Tashawna Yvette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,950
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
May 25, 2005
Sold by
Thompson Bertha M
Bought by
Thompson Donald Earl and Thompson Bertha Mary
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
Thompson Donald E -- Provident Title Company
Mack Denver $900,000 Provident Title Company
Thompson Donald Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mack Denver $990,950
Previous Owner Mack Denver $990,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $900,000 -4.8% $365 / Sq Ft
07/31/2020 07/31/20 For Sale $945,000 0.0% $383 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
02/10/2020 02/10/20 Pending -- -- --
09/30/2019 09/30/19 Price Changed $945,000 -0.5% $383 / Sq Ft
09/07/2019 09/07/19 For Sale $950,000 -- $385 / 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 $11,886 $974,187 $389,674 $584,513
2024 $11,886 $955,086 $382,034 $573,052
2023 $11,663 $936,360 $374,544 $561,816
2022 $11,129 $918,000 $367,200 $550,800
2021 $10,985 $900,000 $360,000 $540,000
2020 $958 $53,063 $22,160 $30,903
2019 $934 $52,024 $21,726 $30,298
2018 $835 $51,004 $21,300 $29,704
2016 $773 $49,025 $20,474 $28,551
2015 $764 $48,290 $20,167 $28,123
2014 $788 $47,345 $19,772 $27,573
Source: Public Records

Agents Affiliated with this Home

  • Nathan Paterson

    Seller's Agent in 2020

    Nathan Paterson

    Beverly and Company, Inc.

    (310) 422-1511

    1 in this area

    4 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Allen Brodetsky

    Boutique Realty

    Section Image

  • J

    Buyer's Agent in 2020

    John Tran

See All Agents

Map

Source: The MLS

MLS Number: 19-505792

The MLS

APN: 5036-002-014

California Los Angeles County Los Angeles 90018 Exposition Park

1411 W 38th St, Los Angeles, CA

This home is located at 1411 W 38th St, Los Angeles, CA 90062 since 09 September 2019 and is currently estimated at $1,066,333, approximately $432 per square foot. This property was built in 1908. 1411 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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