1124 East 28th Street

Los Angeles, CA 90011

$545,000
Last Sold Price
6
Beds
5
Baths
2,986 Sq. Ft.
$183 / Sq. Ft.
2,986
Sq. Ft.
$183
per Sq. Ft.

Description

Come take a look at this five-unit property investment property located at 1124 E 28th Street. The property consists of four (4) 1B+1B units and one (1) 2BR+1BA unit. Recent plumbing upgrades and electrical work. Perfect starter income property that sits minutes away from Downtown Los Angeles & offers access to all of the major freeways and minutes from USC so tenants enjoy easy access to local restaurants, schools and shopping. The property is also a great investment opportunity as many people are...Come take a look at this five-unit property investment property located at 1124 E 28th Street. The property consists of four (4) 1B+1B units and one (1) 2BR+1BA unit. Recent plumbing upgrades and electrical work. Perfect starter income property that sits minutes away from Downtown Los Angeles & offers access to all of the major freeways and minutes from USC so tenants enjoy easy access to local restaurants, schools and shopping. The property is also a great investment opportunity as many people are buying and flipping in the area due to the much awaited South of 10 Project (a project set forth by the City of Los Angeles to revitalized the Southside)! Also, let's not forget the in the works projects like, the Los Angeles Football Club Stadium & George Lucas Museum of Narrative Art.
  1. Listed by Sierra Minor • DRE #02030185 • Brokerage DRE #01926224 • Beverly and Company, Inc.
  2. Listed by Chad Schlotterback • DRE #01807076 • Brokerage DRE #01926224 • Beverly and Company, Inc.

Property Details for 1124 East 28th Street

Zoning
LARD2
Parcel Number
5119014002
Total Units
5.0
Living Area
2986
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
None
Lot Size Area
6446

Location

Listing Courtesy of Beverly and Company, Inc., Sierra Minor, DRE #02030185; Beverly and Company, Inc., Chad Schlotterback, DRE #01807076

Sold By Vylla Home, Inc., Steven Soylemez, DRE #01254113

Add your commute
LISTING UPDATED: 08/15/2022 02:45 PM

Property Details for 1124 East 28th Street

StatusSold
MLS #22-116409
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.15 AC / 6,446 SF
CountyLos Angeles County

Location

Listing Courtesy of Beverly and Company, Inc., Sierra Minor, DRE #02030185; Beverly and Company, Inc., Chad Schlotterback, DRE #01807076

Sold By Vylla Home, Inc., Steven Soylemez, DRE #01254113

Add your commute

Building Information for 1124 East 28th Street

Stories-Residences-Year Built1914Building Size-Lot Size0.15 AC / 6,446 SF

Payment Calculator

$4,088 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,974

Property Taxes

$1,114

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1124 East 28th Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 5
  • Type Of Units: 5
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Court Approval Not Required, Trust/Conservatorship
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $28,320
  • Gross Rent Multiplier: $29.98
  • Actual Annual Gross Rent: $28,320.00
  • Actual Gross Annual Income: $28,320
  • Actual Rent Total: $2,360.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.148
  • Lot Size Square Feet: 6446
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 1
  • Open Other Spaces Total: 1
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-06-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $450.00
  • Unit Actual Rent: $450.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $475.00
  • Unit Actual Rent: $475.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $385.00
  • Unit Actual Rent: $385.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $450.00
  • Unit Actual Rent: $450.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $600.00
  • Unit Actual Rent: $600.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $22,617.00
  • Assessed Improvement Percent: 61.37
  • Assessed Land Value: $14,237.00
  • Assessed Land Percent: 38.63
  • Assessed Total Value: $36,854.00

Property History for 1124 East 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 1124 East 28th Street

Taxable ValueLand$700,000Additions$340,000Total$1,040,000
Tax Record2023$13,368 ($1,114 / month)
Home Facts
Total Finished SqFt2,986 SqFtAbove Grade Finished SqFt2,986 SqFtLot Size6,452 SqFtStyleMulti-Family Res (5+ Units)Year Built1914ZoningLARD2CountyLOS ANGELESAPN5119-014-002

Schools near 1124 East 28th Street

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

Nava College Preparatory Academy
Public9 to 12

Santee Education Complex
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beverly and Company, Inc., Sierra Minor, DRE #02030185; Beverly and Company, Inc., Chad Schlotterback, DRE #01807076

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.