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

$8,000,000 Sold Price as of 05/27/2021
  • 18 Beds
  • 19 Baths
  • 12,269 Sq.Ft.
Sold
$8,000,000 Sold Price as of 05/27/2021 Refinance Your Mortgage

Map preview of 668 W 28Th St, Los Angeles, CA 90007

Property Overview: 668 W 28Th St Los Angeles, CA has 18 bedrooms, 19 bathrooms, 12,269 living square feet and 11,247 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: USC Fraternity Row- 668 W 28th St. Best Location in the Area. 12.2K Sqft building on 11.2K Sqft lot. Currently a 4.9% cap on 14.8 GRM. First time on market in over 30 years. Short bike ride from campus, near Galen Center and Village and nearby restaurants and fast food. Minutes from DTLA. Fully remodeled in 2008. Alley access. Covered Parking. Previously utilized as a sorority house and currently a fraternity house with 18 individual rooms and 19 bathrooms. Fraternity is moving into another property in May 2021. Capable of housing up to 70 students. Current amenities include a commercial kitchen and dining area and one upstairs after hour kitchen caf. Washer Dryer room. Interior large meeting areas and outside patios and courts. Heat and AC in all rooms. In the 2008 remodel, the developer stubbed utility lines for individual kitchenettes in each of the 18 rooms and permitted building for 5 separate units with multiple rooms and baths. Please do not bother occupants.

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
11,247
HOA Dues
$0/mo
Year built
1906
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20673338
City
Los Angeles
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 18
  • # of Baths: 19
  • Furnishing: Unfurnished
  • Actual Rent: $47,754
  • Total Rent: $47,754
  • Pro Forma/Market Rent: $50,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.8
  • Gross Scheduled Income: --
  • Net Operating Income: $409,650
  • Gross Operating Income: $567,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 668 W 28Th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Kitchen Information
  • Has Appliances
  • Barbecue
Interior Features
  • Security Features: Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Carbon Monoxide Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Property Information
  • No View
  • View: None
  • Total # of Units: 5
  • Parcel Number: 5123013409
  • Architectural Style: Colonial
Location / Neighborhood
Location Information
  • Directions: From Downtown LA head South on Figueroa St towards Jefferson Blvd. Turn right on W 28th St. Property will be on your right. 668 W 28th St.
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Sale History for 668 W 28Th St

Last sold for $8,000,000 on May 27th, 2021
  • May, 2021

  • May 29, 2021

    Date

    Sold

    CRMLS: 20673338

    $8,000,000

    Price

  • Jan 20, 2021

    Date

    Pending

    CRMLS: 20673338

    $8,400,000

    Price

  • Jan 5, 2021

    Date

    Active

    CRMLS: 20673338

    $8,400,000

    Price

  • September, 2005

  • Sep 12, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2004

  • Sep 29, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,325,000

    Price

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Tax History for 668 W 28Th St

Assessed Value (2020): $1,928,989
Year Land Value Improved Value Assessed Value
2020 $764,729 $1,164,260 $1,928,989

Home Value Compared to the Market

This property vs the competition

668 W 28Th St sold on May 27, 2021 for 650% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $684.65 per/sqft which puts the price per square foot 5.43% lower than the current median sale per square foot for the city of Los Angeles.

About 668 W 28Th St

Detailed summary of property

668 W 28Th St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 18 bedrooms, 19 bathrooms, roughly 12,269 living square feet, and sits on an approximately 11,247 square foot lot. 668 W 28Th St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $8,000,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 650% higher than the current median priced home. Local homes that are currently for sale include 1445 N Avenue 47, 3320 Woodbine St and 3704 Glendon Ave. While the average home in Los Angeles, CA is selling in 106 days, 668 W 28Th St has a days on market of 15 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 668 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 668 W 28Th St

Public county record property details
Beds
--
Baths
--
Year built
1906
Sq. Ft.
8,383
Lot Size
11,246
Stories
1
Type
Clubs, Lodges, Professional Associations
Pool
No
Spa
No
County
Los Angeles
Lot#
29,30
APN
5123-013-409

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
$1,495,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
16
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), 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.