223 E 28th, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
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Los Angeles, California 90011
This property presents a High-Potential Investment Opportunity with a List Price of $899,999—positioned above the $878,399 Fair Market Value. While the property requires significant capital for restoration, its 6,253 sqft lot and proximity to USC and Downtown Los Angeles offer substantial development potential. With a Condition Rating of 6, this asset is a blank canvas for those capable of managing extensive rehabilitation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the high-demand rental market near major employment hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 E 28th Subject | $899,999* List Price | 2 | 1 | 1,016 | $865 | - |
A 223 E 28th Street Active | $900,000 List Price | 2 | 1 | 1,016 | $886 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1889 and described as a 'blank canvas' and 'renovation project,' the property is over 130 years old with no evidence of recent renovations. The listing focuses on investment potential and restoration, suggesting the home is likely unlivable in its current state and valued primarily for the land or a total rebuild.
Situated just 7 minutes from USC and 10 minutes from Downtown Los Angeles, this property offers exceptional proximity to major employment hubs and high-demand rental markets.
The generous 6,253 sqft lot provides a significant footprint for a 1,016 sqft home, offering ample space for potential expansion or the addition of an Accessory Dwelling Unit (ADU).
Marketed as a 'blank canvas' renovation project, the property allows investors or homeowners to build instant equity through restoration and modernization.
The property is positioned as a full renovation project, implying it is likely not move-in ready and will require substantial capital investment for repairs.
Built in 1889, the home may present significant challenges related to century-old structural elements, plumbing, and electrical systems that require costly updates to meet modern codes.
Exceptional Investment Opportunity in the Heart of Los Angeles! Located just 7 minutes from USC and 10 minutes from Downtown Los Angeles, this 2-bedroom, 1-bathroom home is a true blank canvas, ready for the right buyer to restore its original charm or transform it into an income-producing property. Whether you’re an investor searching for your next renovation project or a homeowner looking to build instant equity, this property offers incredible potential in one of Los Angeles’ most desirable and centrally located neighborhoods. With easy access to major freeways, shopping, dining, entertainment, and employment centers, the possibilities are endless. Buyer and Buyer’s Agent are advised to independently verify all information, including property details, permits, zoning, and square footage, and to conduct their own due diligence with the appropriate public agencies and records.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-1 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,016 | 1,672 |
| Lot Size | 6,253 | 6,067 |
| Price | $900.0K | $1.37M |
| Price per sq ft | $886 | $801 |
| Built year | 1889 | 1939 |
| HOA | $0 | $348 |
| Days on market | 7 | 56 |
Jul 15, 2026
$899,999
Initial Listing
Jun 1, 2006
$125,000
Public Record