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1427 W 28Th St, Los Angeles, CA 90007
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1427 W 28Th St Los Angeles, CA 90007

$1,050,000
  • 5 Beds
  • 2 Baths
  • 2,086 Sq.Ft.
For Sale
$1,050,000 Get Pre-Qualified
Map preview of 1427 W 28Th St, Los Angeles, CA 90007

Property Overview: 1427 W 28Th St Los Angeles, CA has 5 bedrooms, 2 bathrooms, 2,086 living square feet and 6,752 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to offer the opportunity to acquire this high-upside duplex located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The subject property has multiple utilities, one as a Student Housing Investment with the potential to achieve strong rents, and another as a home for any Professors/Families looking to move into the fast growing area. The property is approximately 2,086 rentable square feet on a large 6,750 square foot lot. The subject property is comprised of two separate structures, one 3bd + 1.5 bth home in the front, and an additional 2bd + 1 bth home in the rear. Both units will be delivered vacant, giving any buyer the opportunity to maximize rental income by increasing the number of bedrooms/bathrooms to accommodate more students. In addition, there's an excellent value-add opportunity to construct an ADU, and further increase cash flow for an investor or owner-user (Buyer to Verify). This is a rapidly growing neighborhood, a true community located in the heart of the USC ecosystem and is minutes away from campus as well as the USC Village, Trader Joe's, City Target and lots of great amenities and restaurants.

Listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Last checked: 6 minutes ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
6,752
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24404365
City
Los Angeles
County
Los Angeles
Time on Site
9 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,500
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.67
  • Gross Scheduled Income: --
  • Net Operating Income: $75,314
  • Gross Operating Income: $90,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1427 W 28Th St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
Property Information
  • Total # of Units: 2
  • Parcel Number: 5054032016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1427 W. 28th Street, 90007
View more facts & features

Local Los Angeles Agent

Sale History for 1427 W 28Th St

View property's historical transactions

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: 24404365

    $1,050,000

    Price

Tax History for 1427 W 28Th St

Assessed Value (2020): $36,712
Year Land Value Improved Value Assessed Value
2020 $25,083 $11,629 $36,712

Home Value Compared to the Market

This property vs the competition

1427 W 28Th St is listed 15.93% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $503.36 per/sqft which puts the price per square foot 35.3% lower than the median price per square foot for the city of Los Angeles.

About 1427 W 28Th St

Detailed summary of property

1427 W 28Th St is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 5 bedrooms, 2 bathrooms, roughly 2,086 living square feet, and sits on an approximately 6,752 square foot lot. 1427 W 28Th St was first listed on ArdentRealEstateGroup.com on June 17, 2024. The homeowner is currently asking $1,050,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 15.93% lower than the median priced home. Local competing homes currently for sale include 1492 W 35th Pl, 1940 S La Salle Ave and 2012 S La Salle Ave. While the average home in Los Angeles, CA is selling in 98 days, 1427 W 28Th St has a days on market of 9 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1427 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 1427 W 28Th St

Public county record property details
Beds
5
Baths
2
Year built
1929
Sq. Ft.
2,086
Lot Size
6,749
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5054-032-016

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
$1,350,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$410
Total Inventory
13
Median Sale to List Price %
100%
Avg Days on Market
81
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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