927 E 28th St, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This triplex presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned above the $716,406 Fair Market Value by 4%. While the property requires significant capital expenditure due to its Condition Rating of 5, the 7,500-square-foot lot and triplex configuration offer substantial upside through rental repositioning. Located in a central Los Angeles corridor with high demand, this asset is well-suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 927 E 28th St Subject | $750,000* List Price | 0 | 0 | 2,786 | $257 | - |
A 317 E 36th Sold | $695,000 | 0 | 0 | 2,868 | $242 | 0.7 mi |
B 1026 E 23rd Street Sold | $550,000 | 0 | 0 | 2,053 | $268 | 0.3 mi |
C 1241 E 43rd Sold | $555,000 | 0 | 0 | 2,362 | $235 | 0.9 mi |
D 717 E 24th Street Active Under Contract | $825,000 List Price | 0 | 0 | 2,750 | $300 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this 94-year-old triplex is explicitly marketed as a 'value-add' opportunity requiring significant property improvements and repositioning. Interior photos show dated finishes and basic utility areas with exposed rafters, indicating that major systems and interiors are likely well beyond their 30-year useful life and require a full rehab.
This triplex offers a prime investment opportunity with substantial upside through rental repositioning and property improvements on a generous 7,500-square-foot lot.
Ideally situated near Downtown Los Angeles, USC, and major stadiums, the property benefits from high rental demand and excellent proximity to major employment centers.
The property features three units across two separate structures, providing a versatile layout with gated outdoor space and driveway parking that appeals to urban tenants.
Built in 1930, the property likely requires significant capital investment to modernize older systems and address maintenance issues typical of century-old structures.
While the location is highly walkable, several nearby middle and high schools have low performance ratings, which may limit the appeal for long-term family occupants.
Exceptional value-add investment opportunity in the heart of Los Angeles. This triplex features three units across two separate structures on a generous 7,500-square-foot lot, offering investors immediate cash flow with significant upside potential through rental repositioning and property improvements. Located in a highly walkable neighborhood where necessities are just steps away, the property benefits from convenient access to local markets, restaurants, schools, public transportation, and major employment centers. Residents enjoy proximity to neighborhood favorites including 27th Street Bakery, Tam's Burgers, and numerous local eateries, along with nearby grocery options, and convenience markets. The property also offers easy access to Downtown Los Angeles, USC, Exposition Park, BMO Stadium, Crypto Arena, and major freeway corridors. Additional features include gated outdoor space, driveway parking, and strong rental demand driven by the property's central location. Whether you're seeking stable income, value-add potential, or long term appreciation in one of Los Angeles' most supply constrained housing markets, 927 E. 28th Street presents a rare opportunity to acquire a well located multifamily asset with substantial upside.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,786 | 2,250 |
| Lot Size | 7,500 | 5,864 |
| Price | $750.0K | $826.7K |
| Price per sq ft | $269 | $395 |
| Built year | 1930 | 1925 |
| HOA | $0 | $0 |
| Days on market | 29 | 83 |
Jun 23, 2026
$750,000
Initial Listing
Nov 14, 2014
$445,000
Public Record