812 E 28Th St Los Angeles, CA 90011

$5,300,000 Sold Price as of 05/29/2020

22 Beds
11 Baths
10,315 Sq.Ft.

Off Market

$5,300,000 Sold Price as of 05/29/2020 Refinance Your Mortgage

Map preview of 812 E 28Th St, Los Angeles, CA 90011

Property Overview: 812 E 28Th St Los Angeles, CA has 22 bedrooms, 11 bathrooms, 10,315 living square feet and 15,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

812 E 28Th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 812 E 28Th St

Last sold for $5,300,000 on May 29th, 2020

May, 2020
May 29, 2020

Date

Sold (Public Records)

Public Records

$5,300,000

Price
July, 2019
Jul 30, 2019

Date

Canceled

CRMLS: 18361112

$29,975,000

Price
Feb 25, 2019

Date

Active Under Contract

CRMLS: 18361112

$29,975,000

Price
Feb 8, 2019

Date

Price Change

CRMLS: 18361112

$29,975,000

Price
Jan 7, 2019

Date

Price Change

CRMLS: 18361112

$3,100,000

Price
Dec 10, 2018

Date

Canceled

CRMLS: 18361112

$3,250,000

Price
Sep 7, 2018

Date

Price Change

CRMLS: 18361112

$3,250,000

Price
Sep 4, 2018

Date

Active

CRMLS: 18361112

$3,350,000

Price
Aug 15, 2018

Date

Active Under Contract

CRMLS: 18361112

$3,350,000

Price
Jul 3, 2018

Date

Active

CRMLS: 18361112

$3,350,000

Price
Listing provided courtesy of CRMLS

The Griffith Apartments present a very unique opportunity for a new investor. Since its construction in 1987, the property has been held as affordable housing for the community. The 30-year restriction has recently burned off, allowing the existing covenants with the city and state to now be removed from the property. A new owner will be allowed to reposition the asset and increase to market rental rates, which are substantially higher than the current rents at the property today. The floor plans at the building are all two bedroom, one bathroom units with a current average rent of only $1,102 per month. Based on how the market is performing today, we are projecting market rents of $2,100 per month for these unit types that average over 900 square feet each. This equates to an upside potential of nearly 91% from today's levels. ** This propety is being sold as part of a portfolio with 845 E. 28th St. Los Angeles, CA.**

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Tax History for 812 E 28Th St

Assessed Value (2020): $892,795

Year	Land Value	Improved Value	Assessed Value
2020	$131,249	$761,546	$892,795

About 812 E 28Th St

Detailed summary of property

812 E 28Th St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90011 and last sold on May 29, 2020 for $5,300,000. This property has 22 bedrooms, 11 bathrooms, roughly 10,315 living square feet, and sits on an approximately 15,002 square foot lot. Homes 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 373.21% higher than the current median priced home. 812 E 28Th St was last sold on May 29, 2020 for $5,300,000. Local nearby listings include 3123 S Grand Ave, 1610 E 24th St and 1629 E 41st Pl. The average home in Los Angeles, CA is selling in 105 days. There are currently 4185 homes for sale in the Los Angeles real estate market and 2867 of them are single family homes while 1195 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 812 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 812 E 28Th St

Public county record property details

Beds: 22
Baths: 11
Year built: 1987
Sq. Ft.: 10,315
Lot Size: 15,002
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 178,179
APN: 5128-020-021

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.

$531

Median Sold Price

$570,000

Median Sold Price/Sq.Ft.

$576

Total Inventory

Median Sale to List Price %

100.88%

Avg Days on Market

Loan Type

Conventional (20%), FHA (30%), VA (0%), Cash (20%), Other (20%)

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(714) 706-1823

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