927 E 28th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$897,000
927 E 28th Street, Los Angeles, California 90011
0Bed
0Bath
2,786Sqft
7,500Lot
Year Built
1930
Close
-
List price
$897K
Original List price
$949K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
AR25087965
Home ConditionFair
Features
Good View: None
View-
About this home
An excellent opportunity for both owner-occupants and investors, this triplex features two separate structures on the property. All units are currently occupied with long-term tenants on month-to-month rental agreements, with rents significantly below market value—offering strong upside potential. The rear unit is currently owner-occupied. Interiors across all units are in need of some TLC, presenting a value-add opportunity. The property includes gated front yards ideal for children’s play areas, individual laundry setups, and ample off-street parking. Conveniently located near local restaurants, shopping, and with easy access to public transportation.
Nearby schools
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.2mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.3mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.5mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.6mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
/10
Maple Primary Center
Public,•K-1•0.8mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.8mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.8mi
3/10
Trinity Street Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.6mi
4/10
Norwood Street Elementary School
Public,•K-5•1.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.1mi
2/10
John W. Mack Elementary School
Public,•K-5•2.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.5mi
4/10
John Adams Middle School
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.0mi
2/10
John Muir Middle School
Public,•6-8•2.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.7mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.7mi
5/10
Santee Education Complex
Public,•9-12•0.8mi
3/10
Manual Arts Senior High School
Public,•9-12•2.1mi
4/10
West Adams Preparatory High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
11/14/14
Sold
$445,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,786 | 1,988 | 92% |
| Lot Size | 7,500 | 5,364 | 96% |
| Price | $897K | $710K | 88% |
| Price per square foot | $322 | $348 | 32% |
| Built year | 1930 | 1923 | 72% |
| HOA | |||
| Days on market | 196 | 167 | 60% |
Condition Rating
Fair
The property was built in 1930 and the listing mentions that the interiors are in need of some TLC. The images show kitchens and bathrooms that are dated but appear functional. The property seems to have been maintained but is aged and requires updates. The description indicates that the rents are below market value, suggesting that the units have not been significantly updated recently.
Pros & Cons
Pros
Income Potential: Triplex with significant upside potential due to below-market rents, offering a value-add opportunity for investors.
Dual Structures: Features two separate structures on the property, providing flexibility and potential for different uses or rental configurations.
Off-Street Parking: Ample off-street parking available, a valuable amenity in a dense urban environment like Los Angeles.
Gated Front Yards: Gated front yards provide secure outdoor space, ideal for families with children.
Convenient Location: Located near local restaurants, shopping, and public transportation, offering easy access to amenities and services.
Cons
Condition of Interiors: Interiors across all units are in need of some TLC, requiring potential investment for renovations and upgrades.
Month-to-Month Leases: All units are currently occupied with long-term tenants on month-to-month rental agreements, creating potential instability in rental income.
Age of Property: Built in 1930, the property may require ongoing maintenance and potential upgrades to meet modern standards.