223 E 28th Street, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 1 bath
ACTIVE$950,000$1,016/sqft
Est. Value: $845,037
-11%
AboveEstimate
223 E 28th Street, Los Angeles, California 90011
2Beds
1Bath
1,016Sqft
6,253Lot
Price Vs. Estimate
The estimated value ($845,036.825) is $104,963.175 (11%) lower than the list price ($950,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Urban Location: The property boasts a highly desirable location in the heart of Los Angeles, just 7 minutes from USC and 10 minutes from DTLA, offering excellent access to employment, education, and entertainment hubs.
Top Cons:
Extensive Renovation Required: The property is presented as a 'blank canvas' needing restoration, indicating significant and potentially costly renovations are necessary to bring it to modern standards or 'restore its former glory'.
Compared to the nearby listings
Price:$950.0K vs avg $572.5K (+$377,500)97%
Size:1,016 sqft vs avg 1,138.5 sqft31%
Price/sqft:$935 vs avg $52397%
More Insights
Built in 1889 (137 years old).
Condition: Built in 1889, this property is explicitly described as a 'blank canvas' needing 'restoration,' indicating extensive and costly renovations are required. The kitchen is severely outdated with old cabinets, basic appliances, worn tile flooring, and visible ceiling damage/discoloration. The overall interior shows significant wear, neglect, and outdated finishes, suggesting that all major systems (electrical, plumbing, HVAC) are likely original or very old and require full replacement. The property needs substantial repairs and rehabilitation to meet modern living standards and ensure safety and comfort.
Year Built
1889
Close
-
List price
$950K
Original List price
$710K
Price/Sqft
$935
HOA
-
Days on market
-
Sold On
-
MLS number
IV25116082
Home ConditionPoor
Features
ViewNeighborhood
About this home
Exceptional investment opportunity in the heart of Los Angeles, just 7 minutes away from USC and 10 min away from DTLA. This 2 bed 1 bath home is a blank canvas, awaiting the perfect buyer to restore its former glory or transform it into an income producing property. Buyer to assume investigation of public records.
F
FRANCES GARCIA
Listing Agent
Nearby schools
5/10
Dolores Huerta Elementary School
Public,•K-5•0.2mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.5mi
/10
Maple Primary Center
Public,•K-1•0.5mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.7mi
3/10
Trinity Street Elementary School
Public,•K-5•0.8mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.0mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.1mi
4/10
Norwood Street Elementary School
Public,•K-5•1.1mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.4mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.4mi
2/10
John W. Mack Elementary School
Public,•K-5•1.5mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.6mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.6mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.9mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.1mi
4/10
John Adams Middle School
Public,•6-8•0.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.5mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.2mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.8mi
2/10
John Muir Middle School
Public,•6-8•2.8mi
5/10
Santee Education Complex
Public,•9-12•0.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.3mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
4/10
West Adams Preparatory High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
06/01/06
Sold
$125,000
Condition Rating
Poor
Built in 1889, this property is explicitly described as a 'blank canvas' needing 'restoration,' indicating extensive and costly renovations are required. The kitchen is severely outdated with old cabinets, basic appliances, worn tile flooring, and visible ceiling damage/discoloration. The overall interior shows significant wear, neglect, and outdated finishes, suggesting that all major systems (electrical, plumbing, HVAC) are likely original or very old and require full replacement. The property needs substantial repairs and rehabilitation to meet modern living standards and ensure safety and comfort.
Pros & Cons
Pros
Prime Urban Location: The property boasts a highly desirable location in the heart of Los Angeles, just 7 minutes from USC and 10 minutes from DTLA, offering excellent access to employment, education, and entertainment hubs.
Significant Investment Potential: Explicitly marketed as an 'exceptional investment opportunity' with potential for income generation, making it attractive to investors looking to capitalize on its strategic location.
Generous Lot Size: The 6,253 sqft lot provides ample space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU), which could significantly increase property value and utility.
Renovation/Customization Opportunity: Described as a 'blank canvas' awaiting restoration, it appeals to buyers seeking to customize a home to their exact specifications or restore its historic character.
Access to Highly-Rated Schools: Proximity to several well-rated public schools, including Dolores Huerta Elementary (5/10) and Santee Education Complex High School (5/10), is a strong draw for families.
Cons
Extensive Renovation Required: The property is presented as a 'blank canvas' needing restoration, indicating significant and potentially costly renovations are necessary to bring it to modern standards or 'restore its former glory'.
Advanced Age of Property: Built in 1889, the home is very old, likely requiring substantial updates to core systems (plumbing, electrical, HVAC) and potentially structural elements, leading to high upfront and ongoing maintenance costs.
Small Living Area: With only 1016 sqft, 2 bedrooms, and 1 bathroom, the interior living space is quite compact, which may limit its appeal to larger families or those desiring more spacious accommodations.