NOT LISTED FOR SALE

243 E 28th St Los Angeles, CA 90011

Historic South Central Neighborhood
5 Beds
5 Baths
2 Sq Ft
6,252 Sq Ft Lot

Last Sold February 14, 2019

Last sale price $740,000 $370,000 Per Sq Ft

17 Days on Market

Highlights

  • End Unit
  • Laundry Room
  • Heating System Uses Natural Gas

About This Home

As of February 2019

Zoned LARD 1.5 - Total 5 Units - 4unit in the front and 1Unit in the back. Each unit has 1 bedroom and 1 bath. Annual GSI is $67K with upside potential. All units are currently rented. Close to Downtown LA, USC, Collisseum, Staple Center, Shopping Area and more. Perfect opportunity for Investors.

Last Agent to Sell the Property

Grace Manlapaz

Gracie Homes Realty License #01891967 Listed on: 12/28/2018

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 6,252 Sq Ft Lot
  • End Unit
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Private Sewer

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 28
  • Assessor Parcel Number 5128002026

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Gardener Expense $1,800
  • Insurance Expense $2,600
  • Water Sewer Expense $5,760
  • Operating Expense $10,160
  • Gross Income $67,476
  • Net Operating Income $59,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5760.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5128002026
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, End Unit

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6252.00
  • Lot Size Acres: 0.1435

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 67476.00
  • Gross Scheduled Income: 69780.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 6252.0000 Square Feet
  • Net Operating Income: 59620.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 10160.00
  • Rent Control: Yes
  • Total Actual Rent: 5815.00
  • Total Expenses: 10160.00

Tax Info

  • Tax Census Tract: 2246.00
  • Tax Lot: 28

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2019 02/14/19 Sold $740,000 0.0% $370,000 / Sq Ft
12/28/2018 12/28/18 For Sale $740,000 -- $370,000 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Grace Manlapaz

    Seller's Agent in 2019

    Grace Manlapaz

    Gracie Homes Realty

    (323) 600-4273

    5 Total Sales

    Grace Manlapaz
    Section Image
  • Carlos Estrada

    Buyer's Agent in 2019

    Carlos Estrada

    Liberty Investment Group

    (562) 477-8983

    3 in this area

    49 Total Sales

    Carlos Estrada
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB19001853

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90011 Historic South Central

243 E 28th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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