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1117 W 28th St, Los Angeles, CA 90007
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1117 W 28th St Los Angeles, CA 90007

$2,115,000 Sold Price as of 04/25/2019
  • 10 Beds
  • 7 Baths
  • 6,998 Sq.Ft.
Sold
$2,115,000 Sold Price as of 04/25/2019 Refinance Your Mortgage
Map preview of 1117 W 28th St, Los Angeles, CA 90007

Property Overview: 1117 W 28th St Los Angeles, CA has 10 bedrooms, 7 bathrooms, 6,998 living square feet and 8,830 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Gateway Business Properties, as exclusive listing agent, is pleased to present the opportunity to acquire 1117-1121 ½ West 28th St, Los Angeles, CA 90007. The subject property is comprised of 2 separate structures (4 Unit Property built in 1924 & Converted Victorian House) consisting of 6 diverse and favorably mixed, charming apartment units. Located in the highly desirable USC sub-market on Fraternity/Sorority Row just north of the newly constructed USC Village. Incredibly positioned within a strong student housing market with high rental demand and constant gentrification/new development; investors can realize in place cash flow and continued rental upside through additional unit renovations and student housing transition. *Please note that the property is under City of LA Rent Control

Listed by Mike Hilton | BRE #00985984 | Hilton Properties Inc
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
8,830
HOA Dues
$0/mo
Year built
1893
Garage
1 Car
Property Type:
Apartment
Status
Sold
MLS#
SB19072472
City
Los Angeles
County
Los Angeles
Time on Site
1270 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,758
  • Total Rent: $2,758
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,881
  • Total Rent: $2,881
  • Pro Forma/Market Rent: $5,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,625
  • Total Rent: $1,625
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.74%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $112,378
  • Net Operating Income: $74,127
  • Gross Operating Income: $112,378
Annual Expense Breakdown
  • Total Operating Expense: $38,251
  • Electric: $17,452
  • Gas/Fuel: $1,008
  • New Taxes: $1,995
  • Trash: $3,884
  • Gardener: $1,440
  • Insurance: $5,776
  • Maintenance: $513
  • Professional Management: $6,180
  • Water/Sewer: $0

Property Details for 1117 W 28th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 2
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 5055027006
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Cross Streets: Hoover St. & West 28th St.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1117 W 28th St

Last sold for $325,000 on September 3rd, 2019

  • September, 2019

  • Sep 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $325,000

    Price

  • April, 2019

  • Apr 25, 2019

    Date

    Sold

    CRMLS: SB19072472

    $2,115,000

    Price

  • Apr 16, 2019

    Date

    Pending

    CRMLS: SB19072472

    $1,984,300

    Price

  • Apr 2, 2019

    Date

    Active

    CRMLS: SB19072472

    $1,984,300

    Price

  • April, 2019

  • Apr 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,115,000

    Price

Show More

Tax History for 1117 W 28th St

Assessed Value (2020): $2,116,840
Year Land Value Improved Value Assessed Value
2020 $1,115,000 $1,001,840 $2,116,840

Home Value Compared to the Market

This property vs the competition

1117 W 28th St sold on April 25, 2019 for 55.75% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $283.55 per/sqft which puts the price per square foot 64.15% lower than the current median sale per square foot for the city of Los Angeles.

About 1117 W 28th St

Detailed summary of property

1117 W 28th St is a apartment that recently sold in Los Angeles, CA 90007. This apartment offered 10 bedrooms, 7 bathrooms, roughly 6,998 living square feet, and sits on an approximately 8,830 square foot lot. 1117 W 28th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,115,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 55.75% higher than the current median priced home. Local homes that are currently for sale include 1375 W 37th Dr, 602 W 40th Pl and 2634 Dalton Ave. While the average home in Los Angeles, CA is selling in 100 days, 1117 W 28th St has a days on market of 14 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1117 W 28th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1117 W 28th St

Public county record property details
Beds
11
Baths
6
Year built
1893
Sq. Ft.
6,998
Lot Size
8,830
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6-10
APN
5055-027-006

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,380,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$525,000
Median Sold Price/Sq.Ft.
$589
Total Inventory
13
Median Sale to List Price %
102.94%
Avg Days on Market
55
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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