933 E 28th St, Los Angeles, CA 90011
933 E 28th St, Los Angeles, CA 90011
933 E 28th St, Los Angeles, CA 90011
933 E 28th St, Los Angeles, CA 90011
933 E 28th St, Los Angeles, CA 90011
933 E 28th St, Los Angeles, CA 90011
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$ 850,000
Est. payment | /mo

13 Beds

7.5 Baths

4,417 SqFt


Save
$ 850,000
Est. payment | /mo
Save

13 Beds

7.5 Baths

4,417 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,417 sqft

Price per Sqft $192

MLS Listing ID 26856169

Style Colonial

Bedrooms 13

Year Built 1916

Lot Size 7,494 Sqft

Acres 0.1721

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD2

Rooms

Other Rooms None

Interior

Interior Features None

Heating Wall, Natural Gas

Cooling Wall Unit(s)

Flooring Tile, Carpet, Laminate

Fireplaces Type Decorative

Equipment Range/Oven

Exterior

Parking Features Gated

Garage Spaces 11.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Composition

Handicap Access None

Building

Lot Description Front Yard, Fenced

Story 2

Foundation Raised

Sewer In Connected and Paid

Water Public

Architectural Style Colonial

Level or Stories Two

Structure Type Stucco, Wood Siding

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Compass

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933 E 28th St