NOT LISTED FOR SALE
9 Beds
6 Baths
4,348 Sq Ft
6,252 Sq Ft Lot

Sale Details

Date Sold: June 6, 2022

Last sale price $1,075,000 $247 Per Sq Ft

52 Days on Market

Highlights

  • City View
  • Fenced Yard
  • Auto Driveway Gate
  • Traditional Architecture
  • South Facing Home

About This Home

As of June 2022

One 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.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 02/22/2022

RE/MAX One

Last Buyer's Agent

Michelle Pine

KW Westside Estates License #01029804

KW Westside Estates
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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

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

6,252 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 4348
  • Lot Acreage: 0.1435
  • Lot Dimensions: 30x90
  • Stories: 2
  • Year Built: 1919
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Equipment: Cable, Freezer, Refrigerator, Range/Oven
  • Price Per S Q F T: 269.09

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Roof: Shingle
  • View: City
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 4
  • Parking Garage: Covered Parking, Driveway Gate
  • Total Parking: 6

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Security: Gated, Fire and Smoke Detection System, Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 41.52
  • Assessed Improvement Value: 365851
  • Assessed Land Percent: 58.48
  • Assessed Land Value: 515283
  • Total Assessed Value: 881134
  • Assessor Parcel Number: 5128-002-031
  • Lot Description: Fenced Yard, Front Yard, Yard, Street Lighting
  • Lot Size Area: 6252

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.07
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Multi-Family

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2022
Closed on
May 23, 2022
Sold by
Bought by
Seller's Agent
Chase Simonton
RE/MAX One
Buyer's Agent
Michelle Pine
KW Westside Estates
List Price
$1,250,000
Sold Price
$1,075,000
Premium/Discount to List
-$175,000
-14%

Purchase Details

Listed on
Dec 12, 2018
Closed on
Jan 30, 2019
Sold by
Bought by
Seller's Agent
Ian Hollinger
BRC Advisors- BH
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$885,000
Sold Price
$855,000
Premium/Discount to List
-$30,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%

Purchase Details

Closed on
Nov 14, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,940,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2015
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Historic South Central, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,075,000 Priority Title
$855,000 Provident Title Co
$750,000 Ticor Title
$540,000 None Available
$450,000 First American Title Insuran
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $720,000
Previous Owner $6,940,000
Previous Owner $6,940,000
Previous Owner $375,000
Previous Owner $337,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,611 $1,140,798 $679,173 $461,625
2024 $14,391 $1,118,430 $665,856 $452,574
2023 $14,124 $1,096,500 $652,800 $443,700
2022 $11,439 $898,756 $525,588 $373,168
2021 $11,286 $881,134 $515,283 $365,851
2020 $11,402 $873,000 $510,000 $363,000
2019 $9,919 $765,900 $357,000 $408,900
2018 $9,826 $750,900 $350,000 $400,900
2017 $7,478 $559,197 $155,332 $403,865
2016 $7,275 $548,234 $152,287 $395,947
2015 $6,963 $521,907 $143,813 $378,094
2014 $7,015 $511,684 $140,996 $370,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-130045

The MLS
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