1257 W 38th St
Los Angeles, CA 90037
Multifamily Property For Sale · 1 Unit

Remax 2000 Commercial has exclusively listed this 5 unit residential property located in the City of Los Angeles part of the Exposition Park Neighborhood. This property consists of 5 detached units. All units have front and rear access doors. Each unit has its own water heater with separate gas and electric meters. 5 Units are 1 Bed/1 Bath, and 1 has 2 Bed/ 1 Bath. Each have their own water heater. There are 4 parking spaces in the rear secured by iron gate. The property has undergone upgrades over the year since the ownership acquired the property. The building exterior was sandblasted to remove old stucco and newer stucco was added with new exterior paint. The front security gate was redone along with all the security doors from the units. The main water valve was replaced with copper plumbing and each unit’s water line changed to copper. The roof was updated several years ago with a new main sewer line being replaced. 3 of the units have a new water heaters. Unit 1257 has had all the drywall replaced with copper wiring and new plumbing under the unit. The front landscaping has changed to drought tolerant plants and rockscape. This reduces water usage and requires minimal maintenance.The property is located on 38th St, East of Normandie and South of Exposition Blvd. The Exposition Park neighborhood is home to the California Science Center, Los Angeles Memorial Coliseum, Natural History Museum, and much more. USC Campus is down the street with various shops, cafés, fast food and restaurants. Many of the property provide overflow student housing in the neighborhood. The rental market has been on the rise and new developments are in the works from Downtown LA to the University. The location of the property is walking distance to 2 Metro Stations(Expo/Western) & (Expo/Vermont). This rail goes from Santa Monica to Downtown LA passing through the USC area. The property is also located in a designated Opportunity Zone that may allow tax benefits for the buyer. https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx The City has designated this location within the South LA Community Plan Implementation Overlay District (CPIO). This overlay establishes development standards for higher density neighborhoods and new development projects.