2008 W 28th Street, Los Angeles, California 90018, Los Angeles, 90018 - 4 bed, 4 bath
ACTIVE$780,000
2008 W 28th Street, Los Angeles, California 90018
4Beds
4Baths
2,956Sqft
6,347Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: The property is marketed as an 'Investor's Dream,' suggesting potential for significant returns through renovation and rental income.
Top Cons:
Substantial Work Needed: The property 'needs substantial work,' indicating significant renovation costs and potential delays in generating income.
Compared to the nearby listings
Price:$780.0K vs avg $791.0K ($-11,000)46%
Size:2,956 sqft vs avg 2,402 sqft69%
Price/sqft:$264 vs avg $3578%
More Insights
Built in 1907 (118 years old).
Condition: The property was built in 1907 and the listing description states that the 'Home needs substantial work.' The images show significant deterioration, including structural damage, missing walls, and general disrepair. The property is unlivable in its current condition.
Year Built
1907
Close
-
List price
$780K
Original List price
$525K
Price/Sqft
$264
HOA
-
Days on market
-
Sold On
-
MLS number
CV25117693
Home ConditionTear down
Features
View-
About this home
Investors Dream. Great opportunity. Home needs substantial work.
Nearby schools
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.4mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•0.9mi
3/10
Arlington Heights Elementary School
Public,•K-5•1.2mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.3mi
5/10
Virginia Road Elementary School
Public,•K-5•1.7mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.4mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
5/10
Foshay Learning Center
Public,•K-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•1.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.2mi
4/10
Los Angeles Senior High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
10/15/15
Sold
$10,000
Condition Rating
Tear down
The property was built in 1907 and the listing description states that the 'Home needs substantial work.' The images show significant deterioration, including structural damage, missing walls, and general disrepair. The property is unlivable in its current condition.
Pros & Cons
Pros
Investment Opportunity: The property is marketed as an 'Investor's Dream,' suggesting potential for significant returns through renovation and rental income.
Residential Income (Triplex): Being a triplex, the property offers multiple rental income streams, increasing its investment appeal.
Large Square Footage: With 2956 sqft, the property provides ample space for tenants and potential for creative renovation to maximize rental income.
Lot Size: The lot size of 6347 sqft provides ample outdoor space, potentially adding value and appeal to tenants.
Location: Located in Los Angeles, the property benefits from a large rental market and potential for appreciation.
Cons
Substantial Work Needed: The property 'needs substantial work,' indicating significant renovation costs and potential delays in generating income.
Original List Price Increase: The original list price was significantly lower than the current list price, which may deter some investors.
Age of Property: Built in 1907, the property may have outdated systems and require extensive upgrades to meet modern standards and tenant expectations.