1237 E 28th, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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1237 E 28th
Los Angeles, California 90011
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,070Sq Ft
6,058Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$845,396
SUMMARY
This 1993-built Residential Income Triplex is a High-Potential Investment Opportunity, listed at $850,000—positioned slightly above the $845,396 Fair Market Value. While priced at market, the property offers significant stability as it is not subject to LA City RSO, allowing for immediate market-rate rent adjustments. With a Condition Rating of 4, the units are functional but offer value-add potential through cosmetic updates. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income near Downtown LA and USC.
Estimated Market Value
$845,396
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1237 E 28th Subject | $850,000* List Price | 0 | 0 | 3,070 | $275 | - |
A 1634 E Vernon Sold | $710,000 | 0 | 0 | 2,379 | $298 | 0.9 mi |
B 4301 Ascot Active | $788,000 List Price | 0 | 0 | 2,916 | $270 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1993, this 33-year-old property is dated and likely requires minor interior updates to the kitchens and bathrooms. Exterior images show a structurally sound and functional triplex, but there are no indications of recent renovations or modernized systems.
PROSSTRENGTHS & OPPORTUNITIES
- RSO Exemption
The property is not subject to the Los Angeles City Rent Stabilization Ordinance (RSO), providing investors with significant flexibility to adjust rents to market rates.
- High-Capacity Unit Mix
Featuring three spacious 3-bedroom units, this triplex offers a rare configuration that commands higher rental premiums and attracts long-term family tenants.
- Modern Construction
Built in 1993, the building is considerably newer than the typical housing stock in the area, offering updated systems and lower anticipated maintenance costs.
CONSRISKS & DEFICIENCIES
- Low Bathroom-to-Bedroom Ratio
Each 3-bedroom unit is served by only one bathroom, which may be a disadvantage for larger households and could limit the property's competitive rental ceiling.
- Underperforming Local Schools
The majority of the nearby public schools carry low performance ratings, which may impact the property's appeal to families prioritizing high-quality educational districts.
About 1237 E 28th
BUILD WEALTH** Rare 1993-built Los Angeles TRIPLEX featuring **THREE 3-bedroom, 1-bath units!** Great opportunity for an investor or an owner-occupant looking to combine homeownership with rental income. Approximately **3,070 sq. ft.**, ample parking, separate gas and electric meters, and **not subject to LA City RSO**. Convenient location near **Downtown LA, USC, shopping, schools and transportation.**
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1993
- Lot Size
- 6,058 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Nevin Avenue Elementary School
Grades K-5 • 0.4 mi
4/10
Twentieth Street Elementary School
Grades K-5 • 0.5 mi
5/10
Quincy Jones Elementary School
Grades K-5 • 0.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,070 | 2,187.451 |
| Lot Size | 6,058 | 5,841.385 |
| Price | $850.0K | $841.5K |
| Price per sq ft | $277 | $385 |
| Built year | 1993 | 1928 |
| HOA | $0 | $0 |
| Days on market | 23 | 85 |
Pricing History
Listed for Sale
Aug 17, 2026
$850,000
Initial Listing
Sold
Dec 24, 2015
$525,000
Public Record
Sold
Jul 26, 1994
$270,000
Public Record