635 W Avenue 28, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath

635 W Avenue 28, Los Angeles, California 90065 home-pic-0
ACTIVE$849,999
635 W Avenue 28, Los Angeles, California 90065
0Bed
0Bath
1,368Sqft
2,427Lot
Year Built
1923
Close
-
List price
$850K
Original List price
$888K
Price/Sqft
$621
HOA
-
Days on market
-
Sold On
-
MLS number
OC25125836
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(25th), sqft - 1368(25th), beds - undefined(50th), baths - undefined(50th).

Investment Gem or Owner-User Dream: Charming Triplex in Vibrant Cypress Park Priced to sell quickly! Discover a prime opportunity in Cypress Park with this charming triplex, built in 1923. It's ideal for savvy investors or owner-users looking to offset their mortgage with rental income. This property features 4 bedrooms and 3 bathrooms across 1,368 sq ft of living space on a 2,426 sq ft lot. The property contains one spacious 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units. Each 1-bedroom unit includes in-unit laundry hook-ups, and the property has three separate gas meters and three separate electric meters (one shared water meter). Nestled in a rapidly appreciating Northeast Los Angeles community and best of all Dodger Stadium... 635 West Avenue 28 offers unparalleled access to local amenities. Enjoy the vibrant Figueroa Corridor with its eateries and boutiques, and outdoor recreation at the Los Angeles River Greenway and Elyria Canyon Park. Commuting is easy with swift access to major freeways (I-5, I-110, I-2). With a Walk Score of 77 ("Very Walkable"), daily errands are a breeze. This Cypress Park triplex is a compelling investment or a smart owner-user option, offering a fantastic blend of income potential, desirable location, and versatile living spaces. Don't miss out on this valuable asset in a thriving Los Angeles community. Showings by appointment only. Please do not disturb tenants. The information in this listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Brokers and agents assume no responsibility for typographical errors, misprints or misinformation.

Nearby schools

4/10
Loreto Street Elementary School
Public,K-50.4mi
2/10
Aragon Avenue Elementary School
Public,K-50.4mi
2/10
Hillside Elementary School
Public,K-50.7mi
7/10
Dorris Place Elementary School
Public,K-60.8mi
4/10
Glassell Park Elementary School
Public,K-61.3mi
3/10
Albion Street Elementary School
Public,K-61.3mi
5/10
Florence Nightingale Middle School
Public,6-80.3mi
6/10
Irving STEAM Magnet
Public,6-82.2mi
5/10
Abraham Lincoln Senior High School
Public,9-121.5mi

Price History

Date
Event
Price
12/20/21
Sold
$670,000
04/07/10
Sold
$290,000
11/20/09
Sold
$160,000
12/01/05
Sold
$469,000
Condition Rating
Fair

Built in 1923, this triplex is over a century old. While it appears maintained and functional, the images reveal dated kitchens with basic white cabinets, laminate countertops, and older white appliances. Bathrooms also feature basic vanities and older tiling. The presence of window AC units suggests an older or non-centralized cooling system. Some cosmetic updates like laminate flooring are visible, but the property has not undergone a recent, extensive renovation. It is aged but maintained, with major components functional but showing signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Income Potential: Triplex configuration with a mix of units (one 2-bed, two 1-bed) ideal for investors or owner-users seeking rental income.
Prime Location & Accessibility: Situated in a rapidly appreciating Northeast Los Angeles community with excellent walkability (Walk Score 77), proximity to amenities (Figueroa Corridor, parks), and easy freeway access.
Separate Utility Metering: Features three separate gas and electric meters, simplifying tenant billing and reducing landlord utility expenses.
In-Unit Laundry Amenity: Two of the units include convenient in-unit laundry hook-ups, a desirable feature for renters.
Historical Appreciation: Located in an area with a strong track record of property value growth, suggesting continued investment potential.

Cons

Property Age: Built in 1923, the property is over a century old, which may imply the need for significant maintenance, system upgrades, or adherence to historical preservation guidelines.
Limited Lot Size: The 2,426 sq ft lot is relatively small for a multi-unit property, offering minimal outdoor space and limiting expansion opportunities.
Tenant Occupancy & Access: Currently tenant-occupied, which may restrict showing flexibility, complicate due diligence, and could pose challenges for an owner-user's immediate occupancy or renovation plans.

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