NOT LISTED FOR SALE

1623 W 38th St Los Angeles, CA 90062

Exposition Park Neighborhood

Estimated Value: $727,000 - $999,000

5 Beds
4 Baths
1,898 Sq Ft
$460/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $625,000 $329 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,306/month

9 Days on Market

Highlights

  • Spanish Architecture
  • 2-minute walk to Expo/Western
  • Laundry Room
  • 4 Car Garage
  • Side by Side Parking
  • Auto Driveway Gate

About This Home

As of July 2018

GREAT INVESTMENT OPPORTUNITY! 4 unit income property. 3- 1 bedroom and 1-2-bedroom located over 4 car garage. Each unit is very large with plenty of closet space. Each has service porch with washer/dryer hook-ups. Independently metered for gas and electricity. There is significant opportunity for upside, as all units are 30% to 50% below market rents. Property is centrally located to public transportation, freeways, beaches, Downtown L.A. and USC. PLEASE DO NOT WALK THE PROPERTY AND OR DISTURB TENANTS!!! DRIVE BY ONLY. Showing with accepted offer.

Last Agent to Sell the Property

DEBORAH WILEY

Estate Properties License #00919067 Listed on: 05/23/2018

Estate Properties

Last Buyer's Agent

David Wang

Compass License #00953617

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,683

Year Built

  • Built in 1925

Lot Details

  • 5,402

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,898 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • Side by Side Parking
  • Auto Driveway Gate

Additional Features

  • 5,402 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Assessor Parcel Number 5035-032-020

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,683

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1898
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit, Laundry Area
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 336.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway Gate, Garage - 4+ Car, Garage Is Detached, Private Garage, Side By Side
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 76855
  • Assessed Land Value: 47245
  • Assessor Parcel Number: 5035-032-020
  • Geocode Override: No
  • Lot Size Area: 5402

Rental Info

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

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.84
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 15049
  • Type Of Units: Apartment
  • Vacancy Rate: .05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Jun 11, 2018
Sold by
Love Burl H and The Burl H Love Sr Separate Pr
Bought by
Sandoval Ruben Duarte
Seller's Agent
DEBORAH WILEY
Estate Properties
Buyer's Agent
David Wang
Compass
List Price
$638,000
Sold Price
$625,000
Premium/Discount to List
-$13,000
-2.04%
Current Estimated Value
$873,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,559
Avg. Annual Appreciation
4.69%
Original Mortgage
$468,750
Outstanding Balance
$405,390
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$468,169

Purchase Details

Closed on
Aug 31, 2010
Sold by
Love Burl H
Bought by
Love Burl H and The Burl H Love Sr Separate Pr

Purchase Details

Closed on
Sep 16, 1993
Sold by
Love Burl H
Bought by
Love Burl H and Love Hereise
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sandoval Ruben Duarte $625,000 Usa National Title Company I
Love Burl H -- None Available
Love Burl H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Ruben Duarte $468,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2018 07/11/18 Sold $625,000 -2.0% $329 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $638,000 -- $336 / 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 $8,683 $697,194 $479,670 $217,524
2024 $8,683 $683,524 $470,265 $213,259
2023 $8,524 $670,123 $461,045 $209,078
2022 $8,141 $656,984 $452,005 $204,979
2021 $8,030 $644,103 $443,143 $200,960
2020 $8,107 $637,500 $438,600 $198,900
2019 $7,796 $625,000 $430,000 $195,000
2018 $1,870 $126,581 $48,189 $78,392
2016 $1,765 $121,668 $46,319 $75,349
2015 $1,743 $119,842 $45,624 $74,218
2014 $1,778 $117,496 $44,731 $72,765
Source: Public Records

Agents Affiliated with this Home

  • DEBORAH WILEY

    Seller's Agent in 2018

    DEBORAH WILEY

    Estate Properties

    (213) 840-6283

    18 Total Sales

    DEBORAH WILEY
    Section Image

  • D

    Buyer's Agent in 2018

    David Wang

    Compass

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-347420

The MLS

APN: 5035-032-020

California Los Angeles County Los Angeles 90018 Exposition Park

1623 W 38th St, Los Angeles, CA

This home is located at 1623 W 38th St, Los Angeles, CA 90062 since 23 May 2018 and is currently estimated at $873,559, approximately $460 per square foot. This property was built in 1925. 1623 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes