933 E 28th Street,Los Angeles, CA 90011
Los Angeles, CA 90011
Description
Offered is a value-add South Central property consisting of a vacant 1,500+ SF house and quadruplex with 1 vacant unit. The house is in need of a full gut renovation and reconfiguration, ideal for a Jr. ADU conversion. The vacant unit in the 4plex is also in need of remodeling. Once rented, the owner will have 2 (or 3!) units at market rent, with significant upside in rent for the legacy tenants. Located on a corner lot with 2 curb cuts, there are 11 open parking spaces currently leased by the tenants on separate parking leases. The property will be sold with a recently passed SCEP Inspection. At under $200/SF and operating with all 2-4 bedroom units, this is an incredible deal at an affordable price point with huge upside. Located directly across from the YMCA and a church, and minutes from USC and the vibrant Exposition Park district, home to famous venues including BMO Stadium and Los Angeles Memorial Coliseum. Residents and tenants also benefit from immediate access to major cultural institutions such as the Natural History Museum and the California Science Center. This is a compelling value-add opportunity in a high-demand rental submarket, with multiple pathways for income growth through renovation, repositioning, and future development. Marketing package available with more info. Potential to be sold with other multifamily properties from same owner.
Details
| MLS # | 26856169 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1916 |
| Days On Site | 49 |
| Listing Provided By | Compass | Dana Coronado |
Features
| Bed(s) | 13 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 4,417 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LARD2 |
| Acreage | 0.17 |
| Property View | None |
Interior
| Heating | Natural Gas, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Gas Oven |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Carbon Monoxide Detectors, Gated Community, Smoke Detectors, Window Bars |
| Construction Materials | Stucco, Wood Siding |
| Foundation Details | Raised |
| Lot Features | Front Yard |
Parking
| Parking Features | Gated |
|---|
Utilities
| Sewer | Sewer Tap Paid |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $850,000 low | high Med: $792,500 sqft: 4,417 low | high Med: 2,588 $ / sqft: $192 low | high Med: $320 On site: 49 low | high Med: 43.5 | |
Market Activity 90011
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90011 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90011) | |
Price: $850,000 low | high Med: $792,500 sqft: 4,417 low | high Med: 2,588 $ / sqft: $192 low | high Med: $320 On site: 49 low | high Med: 43.5 | |
