NOT LISTED FOR SALE

1614 W 38th St Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $1,005,000 - $1,286,000

5 Beds
3 Baths
3,649 Sq Ft
$308/Sq Ft Est. Value

Last Sold July 06, 2023

Last sale price $1,035,000 $284 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,972/month

26 Days on Market

Highlights

  • Living Room with Fireplace
  • 1-minute walk to Expo/Western
  • Ground Level Unit
  • Wood Flooring
  • Spanish Architecture
  • Balcony

About This Home

As of July 2023

Amazing Opportunity to own this well-maintained Spanish Style Triplex in Vermont Square! Offering a total of 3649 sq. ft of living space! The two front units are spacious, with over 1240 sq. ft. and have 2 bedrooms , 1 bath, large windows, lots of natural light, laundry hookups, and new remodeled showers. The upper unit has a balcony, all new ceilings with newly installed recessed lighting in the living and dining room. The rear unit is detached from the front units, built above two single car garages and has 2 bedrooms and 1 bath with a laminate wood floor and a newly built staircase with 825 sq. ft. Each unit has 1 parking space and two of the tenants use the garages. This income property has tremendous upside potential, is located a short drive to USC and Exposition Park, The Natural History Museum, cool restaurants and cafes!

Last Agent to Sell the Property

Paloma Fierro

Equity Union License #01386256 Listed on: 05/13/2023

Equity Union

Last Buyer's Agent

Sean Ferdowsian

The Agent and Company License #02098433

The Agent and Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,943

Year Built

  • Built in 1924

Lot Details

  • 5,443 Sq Ft Lot
  • West Facing Home
  • Fenced

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Triplex
  • Spanish Architecture
  • Clay Roof

Interior Spaces

  • 3,649 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Gas Cooktop

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Additional Features

  • Balcony
  • Ground Level Unit

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • Assessor Parcel Number 5035-031-019

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,943

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two, Ground Level
  • Street Number Display: Yes
  • Living Area: 3649
  • Lot Acreage: 0.1250
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Laminate, Mixed, Carpet
  • Appliances: Cooktop - Gas, Free Standing Gas
  • Bedrooms: 5
  • Common Walls: Attached
  • Bathroom Features: Tile, Shower and Tub
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 273.77

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Roof: Clay
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Cooling: Window Unit(s), Wall/Window, Wall Unit(s)
  • Heating: Wall
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 39.58
  • Assessed Improvement Value: 155048
  • Assessed Land Percent: 60.42
  • Assessed Land Value: 236718
  • Total Assessed Value: 391766
  • Assessor Parcel Number: 5035-031-019
  • Lot Description: Fenced
  • Lot Size Area: 5443

Rental Info

  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Cable TV

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2020
Sold by
Hidalgo Luis
Bought by
Hidalgo Luis
Current Estimated Value
$1,123,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Outstanding Balance
$174,341
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$949,380

Purchase Details

Closed on
Dec 22, 2011
Sold by
Fannie Mae
Bought by
Hildago Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,594
Interest Rate
3.94%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 2010
Sold by
Gonzalez Mario
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 15, 2006
Sold by
Gonzalez Carmen C
Bought by
Gonzalez Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2006
Sold by
Gonzalez Mynor
Bought by
Gonzalez Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2002
Sold by
Meza Gyezi
Bought by
Gonzalez Mynor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
6.03%

Purchase Details

Closed on
Oct 28, 2002
Sold by
Bowers Lillian
Bought by
Gonzalez Mynor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
6.03%

Purchase Details

Closed on
Sep 20, 1996
Sold by
Bowers Lillian M and The Lillian M Bowers Revocable
Bought by
Bowers Lillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.87%

Purchase Details

Closed on
Jul 17, 1995
Sold by
Bowers Lillian M
Bought by
Bowers Lillian M and Lillian M Bowers Revocable Tru
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
Hidalgo Luis -- Provident Title Company
Hidalgo Luis -- Provident Title Company
Hildago Luis $331,000 Old Republic Title Company
Federal National Mortgage Association $407,338 Accommodation
Gonzalez Mario -- Stewart Title Of Ca Inc
Gonzalez Mario -- Stewart Title Of Ca Inc
Gonzalez Mynor -- Fidelity National Title Co
Gonzalez Mario -- Fidelity National Title Co
Gonzalez Mynor $312,000 Fidelity National Title Co
Bowers Lillian -- American Coast Title
Bowers Lillian M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hidalgo Luis $334,000
Closed Hildago Luis $317,594
Previous Owner Gonzalez Mario $386,000
Previous Owner Gonzalez Mario $386,000
Previous Owner Gonzalez Mynor $249,600
Previous Owner Bowers Lillian $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2023 07/06/23 Sold $1,035,000 +3.6% $284 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/13/2023 05/13/23 For Sale $999,000 -- $274 / 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 $12,943 $1,055,700 $612,000 $443,700
2024 $12,943 $1,035,000 $600,000 $435,000
2023 $5,323 $399,600 $241,452 $158,148
2022 $5,093 $391,766 $236,718 $155,048
2021 $5,010 $384,085 $232,077 $152,008
2020 $5,054 $380,148 $229,698 $150,450
2019 $4,869 $372,695 $225,195 $147,500
2018 $4,749 $365,388 $220,780 $144,608
2016 $4,510 $351,201 $212,207 $138,994
2015 $4,448 $345,927 $209,020 $136,907
2014 $4,482 $339,152 $204,926 $134,226
Source: Public Records

Agents Affiliated with this Home

  • Paloma Fierro

    Seller's Agent in 2023

    Paloma Fierro

    Equity Union

    (888) 506-2234

    1 in this area

    52 Total Sales

    Paloma Fierro
    Section Image

  • S

    Buyer's Agent in 2023

    Sean Ferdowsian

    The Agent and Company

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-270015

The MLS

APN: 5035-031-019

California Los Angeles County Los Angeles 90018 Exposition Park

1614 W 38th St, Los Angeles, CA

This home is located at 1614 W 38th St, Los Angeles, CA 90062 since 13 May 2023 and is currently estimated at $1,123,721, approximately $307 per square foot. This property was built in 1924. 1614 W 38th St is a home located in Los Angeles County with nearby schools including Martin Luther King Jr. Elementary School, Manual Arts Senior High School, and KIPP Scholar Academy.

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