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$850,000

Est. payment - /mo

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13 Beds

7 Baths

4,417 SqFt

New

933 E 28th ST Los Angeles, CA 90011

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Te Hsuan Chao

goal2realtor.alex@gmail.com +1(562) 652-8619

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,417 sqft

Price per Sqft $192

MLS Listing ID 26856169

Bedrooms 13

HOA Y/N No

Year Built 1916

Lot Size 7,492 Sqft

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 C42 - Downtown L.A.

Zoning LARD2

Interior

Heating Natural Gas, Wall Furnace

Flooring Carpet, Laminate, Tile

Fireplaces Type Decorative

Fireplace Yes

Appliance Gas Oven

Exterior

Parking Features Gated

Pool None

Community Features Gated

View Y/N No

View None

Roof Type Composition

Accessibility None

Porch None

Total Parking Spaces 11

Private Pool No

Building

Lot Description Front Yard

Faces West

Story 2

Entry Level Two

Foundation Raised

Sewer Sewer Tap Paid

Architectural Style Colonial

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5128023025

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Window Bars

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Dana Coronado Compass #01746702

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Te Hsuan Chao

Agent

+1(562) 652-8619

933 E 28th ST Los Angeles, CA 90011

Te Hsuan Chao

Key Details

Location

Interior

Exterior

Building

Others

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933 E 28th ST