223 E 28th Street, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
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Los Angeles, California 90011
This 1889 Victorian-era Single Family Residence is a High-Potential Investment Opportunity. With a List Price of $900,000 and a $661,977 Fair Market Value, this acquisition targets experienced buyers looking to force appreciation through restoration. The home carries a Condition Rating of 5, requiring a full overhaul of its 2-bed, 1-bath interior. Situated on an expansive 6,253 sqft lot near USC, Dolores Huerta Elementary, and John Adams Middle, the property offers a larger footprint than typical area sales. This is a premier Value-Add Asset for Fix-and-Flip Investors and Contractors within the Los Angeles Unified district.
Property is extensive renovation needed.
Built in 1889, this property is explicitly described as a 'blank canvas' and a 'project' for restoration. Images and listing details indicate significant deferred maintenance, including peeling paint and an interior requiring a complete overhaul of flooring, walls, and likely all major systems (electrical, plumbing, and HVAC) to meet modern living standards.
Exceptional opportunity in the heart of Los Angeles—just 7 minutes from USC and 10 minutes from Downtown LA. This 2-bed, 1-bath home is a true blank canvas, ready for the right buyer to restore its original charm or reimagine it as an income-producing property. Whether you're an investor seeking your next project or a homeowner looking to build equity, this property offers incredible potential in a highly desirable, centrally located neighborhood. Buyer and buyer’s agent to verify all information and conduct their own due diligence with public 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1,016 | 1,138.5 | 34% |
| Lot Size | 6,253 | 4,568.5 | 81% |
| Price | $900.0K | $567.5K | 97% |
| Price per sq ft | $886 | $512 | 97% |
| Built year | 1889 | 1909 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 207 | 3% |
Apr 3, 2026
$900,000
$950,000
-5% Price Drop
Initial Listing
Feb 13, 2026
$950,000
Initial Listing
Jun 1, 2006
$125,000
Public Record