Seller's Agent in 2022
Chase Simonton
RE/MAX
(310) 383-5927
1 in this area
84 Total Sales
217 E 28th St Los Angeles, CA 90011
Historic South Central Neighborhood
9
Beds
6
Baths
4,348
Sq Ft
6,252
Sq Ft Lot
Highlights
- City View
- Fenced Yard
- Auto Driveway Gate
- Traditional Architecture
- South Facing Home
About This Home
As of June 2022One of the lowest costs of entry into LA Multi-Family, 217 E 28th Street is a 5-unit priced at $1,170,000 in the heart of South Los Angeles. This income producing property features a unit mix of 3-bedroom, 2-bedroom, and 1-bedroom units. Located in Historic South Central and just East of USC Campus, the subject property is just minutes from where I-10 and I-110 intersect. Soft-Story Retrofit work has already been completed per LADBS regulations and the Certificate of Compliance has been issued. The new owner will enjoy a value-add asset located in an OPPORTUNITY ZONE with approximately 53% rental upside. There is also the potential to build (1) ADU in the rear parking lot (Buyer to Verify). The astute investor will be able to aggressively capture the remaining upside, as 217 E 28th St remains an attractive space to a wide variety of qualified tenants in the ever developing, up and coming city of South LA, one of the largest submarkets in The Greater Los Angeles Area. PLEASE NOTE: 3 bedroom unit is currently vacant and in rent ready condition.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1919
Lot Details
- 6,252 Sq Ft Lot
- Lot Dimensions are 30x90
- South Facing Home
- Fenced Yard
- Gated Home
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 4,348 Sq Ft Home
- 2-Story Property
- City Views
Kitchen
- Oven or Range
- Freezer
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire Sprinkler System
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- 4 Covered Spaces
- Covered Parking
- Auto Driveway Gate
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- 5 Units
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 5128-002-031
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/06/2022 06/06/22 | Sold | $1,075,000 | -8.1% | $247 / Sq Ft | |
| 04/15/2022 04/15/22 | Pending | -- | -- | -- | |
| 04/05/2022 04/05/22 | Price Changed | $1,170,000 | -2.1% | $269 / Sq Ft | |
| 03/24/2022 03/24/22 | Price Changed | $1,195,000 | -4.4% | $275 / Sq Ft | |
| 02/22/2022 02/22/22 | For Sale | $1,250,000 | +46.2% | $287 / Sq Ft | |
| 03/01/2019 03/01/19 | Sold | $855,000 | -3.4% | $197 / Sq Ft | View Prior Sale |
| 02/28/2019 02/28/19 | Pending | -- | -- | -- | |
| 12/12/2018 12/12/18 | For Sale | $885,000 | -- | $204 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Chase Simonton
-
Michelle Pine
Buyer's Agent in 2022
Michelle Pine
Keller Williams Los Angeles
(310) 210-8504
1 in this area
10 Total Sales
-
Ian Hollinger
Seller's Agent in 2019
Ian Hollinger
BRC Advisors- BH
(213) 226-8700
2 in this area
14 Total Sales
-
S
Buyer's Agent in 2019
Subscriber Non
Non-Participant Office
Map
Source: The MLS
MLS Number: 22-130045
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