2023 West 28th Street

Los Angeles, CA 90018

$1,100,000
Price
4
Beds
4
Baths
3,596 Sq. Ft.
$306 / Sq. Ft.
3,596
Sq. Ft.
$306
per Sq. Ft.

Description

Investment Opportunity: 2023 W 28th Street, Historic West Adams! This 4-unit income property presents a fantastic investment opportunity in the highly sought-after Historic West Adams neighborhood. The building boasts fresh exterior paint (applied just two years ago) and features excellent curb appeal, situated on a beautifully tree-lined pride in ownership street. The front yard is equipped with a sprinkler system with timers, ensuring easy maintenance and lush landscaping. Ideally located, it's...Investment Opportunity: 2023 W 28th Street, Historic West Adams! This 4-unit income property presents a fantastic investment opportunity in the highly sought-after Historic West Adams neighborhood. The building boasts fresh exterior paint (applied just two years ago) and features excellent curb appeal, situated on a beautifully tree-lined pride in ownership street. The front yard is equipped with a sprinkler system with timers, ensuring easy maintenance and lush landscaping. Ideally located, it's just 7 minutes from USC, 10 minutes to Crypto.com Arena and LA Live, 20 minutes to LAX, and minutes from major freeways offering easy access to Santa Monica and nearby cities. Each unit is designed for comfort and convenience, with 1 bedroom and 1 bathroom. Two of the upstairs units have the potential to be easily transformed into 2-bedroom spaces with added closets. The building spans 3,596 square feet on a 6,819 square foot lot, offering ample room for tenants. Additionally, there may be the possibility to add an Accessory Dwelling Unit (ADU) over the garage, further increasing the property's rental income potential. Every unit is equipped with in-unit washer and dryer hookups for added tenant convenience, and each unit is separately metered. Each unit also includes its own private covered garage. For interested buyers, The Seller May Assist with Some Relocation Costs If Needed. Please do not disturb tenants. More photos in 1 week.
  1. Listed by Charles Luke • DRE #01038027 • Brokerage DRE #01706157 • Pacific Playa Realty

Property Details for 2023 West 28th Street

Zoning
LAR1
Parcel Number
5053002028
Total Units
4.0
Living Area
3596
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6821
LISTING UPDATED: 12/09/2024 08:54 PM

Property Details for 2023 West 28th Street

StatusActive Under Contract
MLS #24-460459
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.16 AC / 6,821 SF
CountyLos Angeles County

Building Information for 2023 West 28th Street

Stories2Residences-Year Built1926Building Size-Lot Size0.16 AC / 6,821 SF

Property Information for 2023 West 28th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4 Units
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $36,000
  • Net Operating Income: $36,000.00
  • Gross Income: $3,000
  • Gross Rent Multiplier: $10.18
  • Actual Annual Gross Rent: $36,000.00
  • Actual Gross Annual Income: $36,000
  • Actual Rent Total: $36,000.00
  • Owner Pays: Water
  • Total Annual Expense: 2000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1566
  • Lot Size Square Feet: 6821
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 0
  • Garage Spaces Total: 4
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Linoleum
  • Equipment: Gas Or Electric Dryer Hookup, Washer
  • Laundry: Washer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-05-2024
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $700.00
  • Unit Actual Rent: $700.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $700.00
  • Unit Actual Rent: $700.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $800.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $800.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $118,473.00
  • Assessed Improvement Percent: 54.59
  • Assessed Land Value: $98,554.00
  • Assessed Land Percent: 45.41
  • Assessed Total Value: $217,027.00

Property History for 2023 West 28th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2023 West 28th Street

Taxable ValueLand$100,525Additions$120,842Total$221,367
Tax Record2024$3,228 ($269 / month)
Home Facts
Total Finished SqFt3,596 SqFtAbove Grade Finished SqFt3,596 SqFtLot Size6,819 SqFtStyleQuadraplexYear Built1926ZoningLAR1CountyLOS ANGELESAPN5053-002-028

Schools near 2023 West 28th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Birdielee V. Bright Elementary School
PublicK to 5

Crown Preparatory Academy
Charter5 to 8

Johnnie Cochran, Jr., Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pacific Playa Realty, Charles Luke, DRE #01038027

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.