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

$1,698,000
  • 14 Beds
  • 14 Baths
  • 2,585 Sq.Ft.
For Sale
$1,698,000 Get Pre-Qualified
Map preview of 229 W 28Th St, Los Angeles, CA 90007

Property Overview: 229 W 28Th St Los Angeles, CA has 14 bedrooms, 14 bathrooms, 2,585 living square feet and 6,592 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: Location, Location! The best location is adjacent to downtown and USC. Downtown is 2.4 miles away, and USC is within walking distance of approximately 1.1 miles, about a 20-minute walk. Sitting on a 6,590 SF lot, there are two separate units with addresses 229 and 231. Both units underwent a complete remodeling in 2000, including new rooms, bathrooms, two kitchens, interior design, new HVAC system, new appliances, and a yard. Each remodeled unit consists of four rooms, each with its own bathroom. There are a total of 8 wall-mounted HVAC units installed, one in each room. The yard is covered with concrete and requires minimal maintenance. Two refrigerators are included, and each unit has its own separate electric, gas, and water meters. Recent remodeling ensures low maintenance and maximizes income potential. The current actual rent from tenants is $7,100, with a proforma rent income of $8,000. With independent bathrooms and air conditioning in each room, this property is ideal as a room rental for USC students or downtown professionals, providing optimal income potential.

Listed by Kyungwan Cho | BRE #01793809 | Western Realty Group
Last checked: 14 minutes ago | Last updated: March 19th, 2024 | Source CRMLS | DOM: 97
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Home details

Lot Sq. Ft
6,592
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
SR24009894
City
Los Angeles
County
Los Angeles
Time on Site
105 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,450
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,650
  • Total Rent: $3,650
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $7,100
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Cable TV: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 229 W 28Th St

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Property Details for 229 W 28Th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Combination
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Kitchen, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Built-In Range, Free-Standing Range, Microwave, Refrigerator, Water Heater
Interior Features
  • Balcony, Granite Counters, Storage
  • Levels: One
  • Window Features: Insulated Windows
  • Security Features: Automatic Gate
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Chain Link, Fair Condition
  • Other Structures: Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Auto Driveway Gate
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5122012003
  • Year Built Source: Assessor
  • Architectural Style: Modern
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
  • Property Condition: Additions/Alterations
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Please see Google map
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 229 W 28Th St

Last leased for $3,450 on October 10th, 2023

  • January, 2024

  • Jan 16, 2024

    Date

    Active

    CRMLS: SR24009894

    $1,698,000

    Price

  • October, 2023

  • Oct 10, 2023

    Date

    Leased

    CRMLS: SR23166556

    $3,450

    Price

  • Sep 16, 2023

    Date

    Active

    CRMLS: SR23166556

    $3,450

    Price

  • Listing provided courtesy of CRMLS

    This unit is in a great location in Los Angeles!!!!!!, with 4 bedrooms and 4 bathrooms. Good news! The unit can be FURNISHED at a small cost. Rooms with a front view are available as family rooms. A gate is an automatic door with a remote. Up to three parking spaces can be designated, and one or two guest parking is also possible at the gate. A quiet and powerful medium HVAC is installed in the wall in each room to save electricity. The unit was totally remodeled in 2020, with new flooring, new kitchen cabinets, new appliances, new paint, new countertops, etc., with washer and dryer hookups in the unit. Please come see it to appreciate it.

  • July, 2018

  • Jul 19, 2018

    Date

    Sold

    CRMLS: 18310612

    $580,000

    Price

  • Jun 23, 2018

    Date

    Pending

    CRMLS: 18310612

    $599,000

    Price

  • Jun 8, 2018

    Date

    Active

    CRMLS: 18310612

    $599,000

    Price

  • Jun 4, 2018

    Date

    Pending

    CRMLS: 18310612

    $599,000

    Price

  • May 8, 2018

    Date

    Active

    CRMLS: 18310612

    $599,000

    Price

  • May 1, 2018

    Date

    Expired

    CRMLS: 18310612

    $599,000

    Price

  • Mar 2, 2018

    Date

    Price Change

    CRMLS: 18310612

    $599,000

    Price

  • Feb 6, 2018

    Date

    Active

    CRMLS: 18310612

    $619,000

    Price

  • Listing provided courtesy of CRMLS

    Back on the market, Zoning LA M1, Lot size 6,590 Sq +-(title show) Building 2,680 Sq +-, There are two building, The property is at 229-231 West 28Th ST LA Great investor and re-development area, USC nearby, W of Hill, good location, Walking distance to USC, All separately metered(water, gas, electric paid by tenants) and Seller not delivered to any units, Thanks.

  • July, 2018

  • Jul 19, 2018

    Date

    Sold (Public Records)

    Public Records

    $580,000

    Price

  • March, 2018

  • Mar 31, 2018

    Date

    Expired

    CRMLS: 17290388

    $629,000

    Price

  • Feb 6, 2018

    Date

    Withdrawn

    CRMLS: 17290388

    $629,000

    Price

  • Jan 30, 2018

    Date

    Price Change

    CRMLS: 17290388

    $629,000

    Price

  • Nov 17, 2017

    Date

    Active

    CRMLS: 17290388

    $659,000

    Price

  • Listing provided courtesy of CRMLS

    Zoning LA M1, Lot size 6,590 Sq +-(title show) Building 2,680 Sq +-, There are two building, The property is 229-231 West 28Th ST LAGreat investor and re-development area, USC nearby, W of Hill, good location, Walking distance to USC, All separately metered(water, gas, electricpaid by tenants) Thanks. Please call listing office for more information, Thanks

  • October, 2017

  • Oct 31, 2017

    Date

    Expired

    CRMLS: 17264936

    $645,000

    Price

  • Oct 4, 2017

    Date

    Withdrawn

    CRMLS: 17264936

    $645,000

    Price

  • Aug 28, 2017

    Date

    Active

    CRMLS: 17264936

    $645,000

    Price

  • Listing provided courtesy of CRMLS

    Zoning LA M1, Lot size 6,590 sq and Building 2,680 Sq(Two Units APT) There are two building, The property is 229-231 West 28TH ST LA,Great investor and development area, USC nearby, W/Hill, Good location, Walking distance to USC, All separately metered(Water, Gas, Electric Paid by tenants) Thanks.

  • October, 2017

  • Oct 1, 2017

    Date

    Expired

    CRMLS: 17245324

    $649,000

    Price

  • Aug 18, 2017

    Date

    Withdrawn

    CRMLS: 17245324

    $649,000

    Price

  • Jun 26, 2017

    Date

    Active

    CRMLS: 17245324

    $649,000

    Price

  • Listing provided courtesy of CRMLS

    There are two building, The property is at 229-231 West 28Th St LA, Great investor and development area, USC nearby,lot size 6,590 sq and building 2,680 Sq, Please do not disturb tenants occupants!!!, Working distance to USC Village and 110 Fwy, Separately metered Paid by tenants (Water, Gas, Electric) Please call or e-mail for more information, Thanks.

  • July, 2017

  • Jul 31, 2017

    Date

    Expired

    CRMLS: 17215160

    $649,000

    Price

  • Jun 22, 2017

    Date

    Withdrawn

    CRMLS: 17215160

    $649,000

    Price

  • May 22, 2017

    Date

    Price Change

    CRMLS: 17215160

    $649,000

    Price

  • May 16, 2017

    Date

    Price Change

    CRMLS: 17215160

    $669,000

    Price

  • May 6, 2017

    Date

    Withdrawn

    CRMLS: 17215160

    $649,000

    Price

  • Apr 25, 2017

    Date

    Price Change

    CRMLS: 17215160

    $649,000

    Price

  • Apr 6, 2017

    Date

    Price Change

    CRMLS: 17215160

    $679,000

    Price

  • Mar 30, 2017

    Date

    Price Change

    CRMLS: 17215160

    $699,000

    Price

  • Mar 28, 2017

    Date

    Active

    CRMLS: 17215160

    $725,000

    Price

  • Listing provided courtesy of CRMLS

    Zoning LA M1, Lot size 6,590, building 2,580 Sq, There are two building,The property at 229-231 West 28TH St LA,Great investor and development area, USC nearby, West of Hills St, Please call or e-mail for more information, Thanks.

  • September, 2015

  • Sep 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $390,000

    Price

Show More

Tax History for 229 W 28Th St

Assessed Value (2020): $591,600
Year Land Value Improved Value Assessed Value
2020 $336,600 $255,000 $591,600

Home Value Compared to the Market

This property vs the competition

229 W 28Th St is listed 37.38% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $656.87 per/sqft which puts the price per square foot 15.02% lower than the median price per square foot for the city of Los Angeles.

About 229 W 28Th St

Detailed summary of property

229 W 28Th St is a mixed use located in Los Angeles, CA 90007 and is currently for sale. This mixed use property offers 14 bedrooms, 14 bathrooms, roughly 2,585 living square feet, and sits on an approximately 6,592 square foot lot. 229 W 28Th St was first listed on ArdentRealEstateGroup.com on January 17, 2024. The homeowner is currently asking $1,698,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 37.38% higher than the median priced home. Local competing homes currently for sale include 2007 Pennsylvania Ave, 3033 E 8th St and 508 N Ardmore Ave. While the average home in Los Angeles, CA is selling in 96 days, 229 W 28Th St has a days on market of 97 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 229 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 229 W 28Th St

Public county record property details
Beds
2
Baths
2
Year built
1903
Sq. Ft.
2,585
Lot Size
6,589
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
31,32
APN
5122-012-003

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
$1,200,000
Median List Price/Sq.Ft.
$616
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$876
Total Inventory
11
Median Sale to List Price %
96.67%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (100%), 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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