Los Angeles Triplex Near
For Sale
$799,000
1171 W 38th Street, Los Angeles, CA 90037
MULTI_FAMILY - Los Angeles, CA
Property Size2,100 SF
Lot Size0.14 Acres
Price / SF$380.48
Days on Market115
Property Features for 1171 W 38th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR4
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
Directions
10 Fwy - Exit Vermont and Head South on Vermont Ave - Right on West 39th - Right on S Budlong Ave - Left on West 38th - On Right Side!
Subdivision
97 - Out of Area South
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
Listed By:
James Baker · License #00975357
(661) 816-3395
Added: Apr 7
Changed: Jul 28
Last Checked: Jul 30 at 4:06PM
MLS# 26002873
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
- Approx. 700 SF each (1171/1173/1175 included in the price)
- All three homes have individual addresses
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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; Approx. 700 SF each (1171/1173/1175 included in the price); All three homes have individual addresses
