Los Angeles Triplex Near
1171 W 38th Street Los Angeles, CA 90037
1171 W 38th Street, Los Angeles, CA, 90037
$799,000
For Sale
$799,000
MULTI_FAMILY - Los Angeles, CA
Property Size2,100 SF
Lot Size0.14 Acres
Price / SF$380.48
Days on Market104
Property Features for 1171 W 38th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAR4
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Standard status
- Active
- APN
- 5037-014-013
- Size
- 2,100 SF
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1928
- Number of units
- 3
- Building materials
- Frame, Stucco
Listing Agency
James Baker Realty, Inc.
(661) 949-3000
41715 Stratford Circle, Palmdale, CA
Listed by
James Baker · License #00975357
(661) 816-3395
Added: Apr 7 Checked: Jul 19 at 1:06 am
MLS# 26002873
Listing URL
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property is located approximately three blocks from the University of Southern California (USC). The property consists of three separate, freestanding homes, each with one bedroom and one bathroom. Each home is 700 square feet, totaling 2100 square feet for the entire property. All three addresses (1171, 1173, and 1175) are included in the price. The property is zoned LAR4 and is situated near Exposition Boulevard and Vermont Avenue. Open rear parking is available for up to six vehicles. The property is located in Los Angeles, California, with the postal code 90037.
Key Highlights
- Three separate 1 + 1 freestanding homes included in the price, each with its own address (1171/1173/1175)
- Approx. 700 SF per home (3 homes total), built in 1928
- Frame and stucco construction materials
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.4k | $24.48 |
| − Vacancy | −$1.3k | −$0.61 |
| EGI | $50.1k | $23.87 |
| − OpEx | −$15.0k | −$7.16 |
| NOI | $35.1k | $16.71 |
2,100 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$501.2K
$438.6K – $584.8K
NOI $35,086 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$445.5K
$389.8K – $519.8K
NOI $31,185 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex near USC with three freestanding homes and parking.
Where is this triplex located?
The property is located at 1171 W 38th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three separate 1 + 1 freestanding homes included in the price, each with its own address (1171/1173/1175); Approx. 700 SF per home (3 homes total), built in 1928; Frame and stucco construction materials
