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637 E 28th St, Los Angeles, CA 90011
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637 E 28th St Los Angeles, CA 90011

$2,399,000
  • 14 Beds
  • 15 Baths
  • 6,025 Sq.Ft.
For Sale
$2,399,000 Get Pre-Qualified
Map preview of 637 E 28th St, Los Angeles, CA 90011

Property Overview: 637 E 28th St Los Angeles, CA has 14 bedrooms, 15 bathrooms, 6,025 living square feet and 6,251 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: Introducing a prime investment opportunity at 637-639 E 28th Street: a contemporary 4plex, built in 2020, boasting a stellar location near DTLA and USC. This property presents a lucrative cash flow prospect with all units currently tenant occupied. Each unit offers modern comforts including 2 tandem parking spots, in-unit washer and dryer hookups, and stylish laminate flooring throughout. The kitchen features sleek wood cabinets paired with granite countertops, adding both elegance and durability.

Listed by Nicholas Alvarez | BRE #01950605 | WORK REALTY ADVISORS
Last checked: 2 minutes ago | Last updated: March 4th, 2024 | Source CRMLS | DOM: 67
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Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
2020
Garage
8 Car
Property Type:
Townhouse
Status
Active
MLS#
CV24024657
City
Los Angeles
County
Los Angeles
Time on Site
80 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $4,320
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,700
  • Total Rent: $3,700
  • Pro Forma/Market Rent: $4,320
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,080
  • Total Rent: $3,080
  • Pro Forma/Market Rent: $3,915
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,130
  • Total Rent: $3,130
  • Pro Forma/Market Rent: $3,915
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $177,600
  • Net Operating Income: $133,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $44,400
  • Trash: $0
  • Insurance: $2,654

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Property Details for 637 E 28th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Size Source: Builder
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Year Built Source: Builder
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Turn onto E. 28th Street from San Pedro Street.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 637 E 28th St

Last sold for $510,000 on April 11th, 2019

  • February, 2024

  • Feb 7, 2024

    Date

    Active

    CRMLS: CV24024657

    $2,299,000

    Price

  • March, 2021

  • Mar 11, 2021

    Date

    Canceled

    CRMLS: 20664262

    $2,450,000

    Price

  • Nov 26, 2020

    Date

    Active

    CRMLS: 20664262

    $2,450,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present you with this 4 UNIT BRAND NEW CONSTRUCTION in a very desirable area!! One duplex features 3 bedrooms and 3 bathroom! Second duplex features 4 bedrooms and 4 bathrooms. One unit currently vacant! All units have separate gas and electrical meters! Close proximity to USC, LA Live. This a must see!

  • April, 2019

  • Apr 15, 2019

    Date

    Sold

    CRMLS: OC19027194

    $510,000

    Price

  • Mar 4, 2019

    Date

    Pending

    CRMLS: OC19027194

    $501,000

    Price

  • Feb 6, 2019

    Date

    Active

    CRMLS: OC19027194

    $501,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing opportunity to own Three Units in LA! The property is subject to Rent Control. Live in One unit and earn income from the other two Or purchase as an investment for cash flow! Tenants pay all utilities except water and sewer. The Front building unit mix is Two 1 bed 1 bath units with separate entrances and ample parking on site. Both units were remodeled in the last few years. The triplex sits on a Huge lot and offers yard space in the front of the lot, plenty of parking including a 2 car detached garage, and a concrete patio yard area for the back unit. The back building is a 1 bed 1 bath and is rent ready. It is complete with a gas stove, laminate floors and new carpet, tub and shower in the bath, and ample closet space. The back unit has its own electrical panel, and there are three gas meters on site. Each unit has its own water heater and is separately metered for gas and power. There is no laundry on site but plenty of room to add connections or coin laundry. The lot is fully fenced with gated entry. Please do Not disturb the tenants, thank you. All information is deemed reliable but no guaranteed, buyer must verify all information and satisfy self. Don't miss this opportunity!

  • April, 2019

  • Apr 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $510,000

    Price

  • July, 2012

  • Jul 31, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 637 E 28th St

Assessed Value (2020): $520,200
Year Land Value Improved Value Assessed Value
2020 $367,200 $153,000 $520,200

Home Value Compared to the Market

This property vs the competition

637 E 28th St is listed 92.07% higher 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 $772 and this home is listed at $398.17 per/sqft which puts the price per square foot 48.42% lower than the median price per square foot for the city of Los Angeles.

About 637 E 28th St

Detailed summary of property

637 E 28th St is a townhouse located in Los Angeles, CA 90011 and is currently for sale. This townhouse offers 14 bedrooms, 15 bathrooms, roughly 6,025 living square feet, and sits on an approximately 6,251 square foot lot. 637 E 28th St was first listed on ArdentRealEstateGroup.com on February 7, 2024. The homeowner is currently asking $2,399,000 and was originally asking $2,299,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 92.07% higher than the median priced home. Local competing homes currently for sale include 900 W Olympic Blvd #Penthouse 50E, 877 Francisco St #4111 and 1850 Industrial St #701. While the average home in Los Angeles, CA is selling in 97 days, 637 E 28th St has a days on market of 67 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 637 E 28th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 637 E 28th St

Public county record property details
Beds
3
Baths
3
Year built
1952
Sq. Ft.
1,587
Lot Size
6,250
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5128-012-020

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$620,000
Median List Price/Sq.Ft.
$470
Median Sold Price
$543,077
Median Sold Price/Sq.Ft.
$393
Total Inventory
41
Median Sale to List Price %
94.45%
Avg Days on Market
18
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (40%), 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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