223 E 28th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,000,000
223 E 28th Street, Los Angeles, California 90011
2Beds
1Bath
1,016Sqft
6,253Lot
Year Built
1889
Close
-
List price
$1M
Original List price
$710K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25116082
Home ConditionPoor
Features
ViewNeighborhood
About this home
Exceptional investment opportunity in the heart of Los Angeles, just 7 minutes away from USC and 10 min away from DTLA. This 2 bed 1 bath home is a blank canvas, awaiting the perfect buyer to restore its former glory or transform it into an income producing property. Buyer to assume investigation of public records.
Nearby schools
5/10
Dolores Huerta Elementary School
Public,•K-5•0.2mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.5mi
/10
Maple Primary Center
Public,•K-1•0.5mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.7mi
3/10
Trinity Street Elementary School
Public,•K-5•0.8mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.0mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.1mi
4/10
Norwood Street Elementary School
Public,•K-5•1.1mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.4mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.4mi
2/10
John W. Mack Elementary School
Public,•K-5•1.5mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.6mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.6mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.9mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.1mi
4/10
John Adams Middle School
Public,•6-8•0.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.5mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.2mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.8mi
2/10
John Muir Middle School
Public,•6-8•2.8mi
5/10
Santee Education Complex
Public,•9-12•0.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.3mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
4/10
West Adams Preparatory High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
09/17/25
Price Change
$1,000,000-16.7%
08/20/25
Price Change
$1,200,000
05/23/25
Listing
$710,000
06/01/06
Sold
$125,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (31 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 38% |
| Baths | 1 | 2 | 47% |
| Square foot | 1,016 | 1,196 | 38% |
| Lot Size | 6,253 | 5,189 | 91% |
| Price | $1M | $550K | 94% |
| Price per square foot | $984 | $530 | 97% |
| Built year | 1889 | 9550956 | 3% |
| HOA | |||
| Days on market | 166 | 194 | 34% |
Condition Rating
Poor
Built in 1889, this property is extremely old and shows no evidence of significant recent renovations. The MLS description accurately calls it a 'blank canvas' awaiting restoration. The images reveal a kitchen with severely outdated cabinets, an old sink, worn tile flooring, and a visibly damaged/stained ceiling. Other areas, like the hallway and exterior, also show signs of neglect and extreme age, with worn finishes and outdated fixtures. The property requires substantial repairs and rehabilitation to be brought to a comfortable and modern living standard, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Prime Urban Location: Strategically located in the heart of Los Angeles, just 7 minutes from USC and 10 minutes from DTLA, offering excellent access to major employment centers, educational institutions, and urban amenities, enhancing its rental and resale value.
Significant Investment Potential: Explicitly marketed as an 'exceptional investment opportunity' with potential for income generation, making it attractive to investors looking to flip, rent out, or develop the property.
Generous Lot Size: The 6253 sqft lot size in a dense urban area like Los Angeles provides ample space for potential expansion, adding an Accessory Dwelling Unit (ADU), or future redevelopment, maximizing its long-term value.
Historic Character & Restoration Opportunity: Built in 1889, the property offers a unique opportunity for a buyer to restore its 'former glory,' appealing to those who appreciate historic architecture and are looking for a project with character.
Recent Price Adjustment: The recent price reduction from $1.2 million to $1 million indicates a motivated seller and potentially a more competitive entry point for buyers, especially considering the initial list price was $710,000.
Cons
Extensive Renovation Required: Described as a 'blank canvas,' the property clearly requires significant investment in renovation and modernization, implying substantial additional costs and effort beyond the purchase price.
Outdated Systems & Potential Structural Issues: Given its 1889 build year, the property is highly likely to have outdated electrical, plumbing, and HVAC systems, and may require significant structural repairs or upgrades, adding to renovation complexity and cost.
Small Living Space: With only 2 bedrooms and 1 bathroom across 1016 sqft, the current living space is quite small, which may limit its appeal to larger families or those desiring more modern amenities and spacious living.