487 East Ave 28

Los Angeles, CA 90031

$900,777
Price
5
Beds
2,020 Sq. Ft.
$446 / Sq. Ft.
2,020
Sq. Ft.
$446
per Sq. Ft.

Description

Historic Lincoln Heights Property! This triplex in the heart of Los Angeles is conveniently located near the 5, 101, and 110 freeways, close to DTLA, Dodger Stadium, Chinatown, and more in this burgeoning neighborhood. It features a duplex in the rear, each unit with 1 bedroom and 1 bath, and ample parking space. The front house comprises 3 bedrooms and 1 bath (with possible 4th bedroom and 1 bath upstairs (unfinished)). All units are currently occupied.Historic Lincoln Heights Property! This triplex in the heart of Los Angeles is conveniently located near the 5, 101, and 110 freeways, close to DTLA, Dodger Stadium, Chinatown, and more in this burgeoning neighborhood. It features a duplex in the rear, each unit with 1 bedroom and 1 bath, and ample parking space. The front house comprises 3 bedrooms and 1 bath (with possible 4th bedroom and 1 bath upstairs (unfinished)). All units are currently occupied.
  1. Listed by Valerie Becerril • DRE #02216546 • Brokerage DRE #02072854 • TOP PRODUCERS REALTY PARTNERS

Property Details for 487 East Ave 28

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2020
Assessor Parcel Number
5206-020-025
Property Attached YN
true
LISTING UPDATED: 07/08/2024 05:45 AM

Property Details for 487 East Ave 28

StatusActive
MLS #CV24114541
Days on Market131
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.15 AC / 6,482 SF
CountyLos Angeles County

Building Information for 487 East Ave 28

Stories1Residences-Year Built1926Building Size-Lot Size0.15 AC / 6,482 SF

Property Information for 487 East Ave 28

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $78,000
  • Gross Scheduled Income: $6,500
  • Net Operating Income: $70,000
Expense Details
  • Operating Expense: $6,500
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 0
  • Tax Census Tract: 1993.00
  • CFD/Mello-Roos Fee: $443
  • Tax Lot: 51
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Common Area, Outside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Flooring: Laminate
Exterior Features
  • Entry Location: FRONT
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Gravel
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,147
  • Unit Type Total Rent: $6,500
  • Unit Type Pro Forma: 6500
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 487 East Ave 28

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 487 East Ave 28

Taxable ValueLand$535,500Additions$153,000Total$688,500
Tax Record2024$8,703 ($725 / month)
Home Facts
Total Finished SqFt2,020 SqFtAbove Grade Finished SqFt2,020 SqFtLot Size6,480 SqFtStyleTriplexYear Built1926ZoningLARD3CountyLOS ANGELESAPN5206-020-025

Schools near 487 East Ave 28

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hillside Elementary School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior High School
Public9 to 12

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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487 East Ave 28 is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on June 5, 2024 by TOP PRODUCERS REALTY PARTNERS, it's currently listed at $900,777. It has been on the market for a total of 131 days and was last sold on July 13, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Hillside Elementary School, Alliance Jack H. Skirball Middle School and Woodrow Wilson Senior High School. 487 East Ave 28 is a 5-bed, 0-bath, 2,020 sqft multi-family home built in 1926.

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 TOP PRODUCERS REALTY PARTNERS, Valerie Becerril, DRE #02216546

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.