1627 W 38th Street
Los Angeles, CA, 90062
$949,000
MLS: 26666013
Beds
4
Baths
3
Sq Ft
2,096
Lot
0.12 ac
Year Built
1909
MLS #
26666013
Days on Market
15
Listed
Apr 2, 2026
Description
Zoned LAR2 this completely updated California Craftsman bungalow located in a mostly single family residential neighborhood is ideal for homeowners or investors seeking long-term value and excellent growth potential. Set on a 5,403 sq ft lot, the 4 bedroom, 3 bathroom property presents excellent possibilities to enhance returns, including future ADU and duplex opportunities (buyer to verify) which could significantly increase income potential and overall property value. The move-in-ready home has been thoughtfully remodeled with new wood-like laminate flooring, double-pane energy-efficient windows, recessed lighting, crown molding, and low maintenance drought-tolerant landscaping. From the inviting covered front porch, step into a formal living space with a remodeled open kitchen offering plenty of cupboard space, soft-close cabinets, stainless- steel appliances, quartz countertops, updated fixtures, and a kitchen island perfect for entertaining. Through the kitchen is the large open family and dining room with a beautiful beamed ceiling completed by a stone fireplace. French doors lead to a large backyard with new DG landscaping, ideal for BBQs, gatherings with friends and family, or future expansion. The private primary suite has a completely remodeled en-suite bathroom and a walk-in closet. Three generously sized guest bedrooms provide flexibility for large families, multi-generational living, or those seeking extra workspace. Additional upgrades include paid-off solar panels, a new HVAC system, 200-amp electrical panel, new roof, updated electrical and plumbing, new attic insulation, foundation upgrades, an alarm system with security cameras, and fast charging EV charger ensuring both comfort and efficiency. The expansive lot provides ample parking, featuring a detached garage plus three additional parking spaces. Ideally located near West Adams, Leimert Park, the high-demand USC rental market, the iconic LA Coliseum, which will host the 2028 Summer Olympics opening and closing ceremonies, BMO Stadium, Exposition Park with the brand-new Lucas Museum of Narrative Art, the 10 & 110 Fwys, and the Metro E Line Expo/Western Station with easy commute to Downtown LA, Santa Monica, and LAX, this property is exceptionally well-positioned for rental income and long-term appreciation.
Location
Los Angeles, Los Angeles County, CA 90062
Open on Google Maps ↗Listed by: Karin Hollink · Coldwell Banker Realty
Payment estimate
$6,892
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $94,900 · Loan: $854,100
- Principal & Interest
- $5,248
- Property tax (1.25%)
- $989
- Homeowners insurance
- $300
- Mortgage insurance
- $356
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $33,215 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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