434 E Avenue 28, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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Los Angeles, California 90031
This Value-Add Multi-Family Asset in Lincoln Heights is listed at $1,125,000, offering a strategic footprint in a rapidly revitalizing submarket. While the $795,200 Fair Market Value reflects the property's current Condition Rating of 5, the 4,307 SF building and LARD3 Zoning on a corner lot provide immense potential for forced appreciation. Proximity to Abraham Lincoln Senior High and Glen Alta Elementary ensures sustained rental demand. Sold strictly "as-is," this asset requires a complete repositioning to capture market-rate rents. This project suits Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 434 E Avenue 28 Subject | $1,125,000* List Price | 0 | 0 | 4,307 | $185 | - |
A 2430 Griffin Avenue Sold | $800,000 | 0 | 0 | 3,096 | $258 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911, this property is marketed as a 'value-add' investment and sold strictly 'as-is,' which typically indicates significant deferred maintenance and outdated major systems. The preference for cash financing and the total absence of interior photos strongly suggest that the kitchens, bathrooms, and flooring require substantial rehabilitation to meet modern standards.
Situated in the rapidly revitalizing Lincoln Heights neighborhood with immediate access to the 110 and I-5 freeways, providing a prime location just minutes from Downtown Los Angeles.
The substantial 4,307 SF building footprint on a corner lot zoned LARD3 offers experienced investors a major opportunity to reposition the asset and capture market-rate rents.
As an assessor-recognized four-unit property, this quadruplex represents a highly sought-after residential income category in a submarket experiencing sustained rental demand.
The property is sold strictly as-is with a preference for cash or equivalent financing, indicating potential deferred maintenance and limiting the buyer pool to well-capitalized investors.
Sold subject to existing tenancies with the burden on the buyer to verify unit configurations and permit status, suggesting potential complexities with Los Angeles rent control and building codes.
Multi-family investment opportunity in the heart of Lincoln Heights. This 2-story, 4-unit building sits on a 3,770 SF corner lot zoned LARD3 and offers strong value-add potential for experienced investors. Originally constructed in 1911, the property features approximately 4,307 SF of building area with 5 bedrooms and 4 bathrooms across four assessor-recognized units. Centrally located with excellent freeway access via the 110 and I-5, the property is minutes from Downtown Los Angeles, Lincoln Park, and the rapidly revitalizing Lincoln Heights commercial corridor along North Broadway. The neighborhood continues to attract investment as Northeast LA experiences sustained demand for multi-family housing. Property is sold strictly as-is. Subject to existing tenancies. Buyer to independently verify all unit configurations, permits, zoning compliance, and code status. Will likely will require a cash sale, as financing may not be possible.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,307 | 2,898 | 63% |
| Lot Size | 3,770 | 7,300 | 25% |
| Price | $1.12M | $969.5K | 63% |
| Price per sq ft | $261 | $355 | 38% |
| Built year | 1911 | 1915 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 174 | 13% |
Mar 19, 2026
$1,125,000
Initial Listing
Oct 30, 2018
$855,000
Public Record