927 E 28th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$897,000$2,786/sqft
927 E 28th Street, Los Angeles, California 90011
0Bed
0Bath
2,786Sqft
7,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Triplex Configuration & Flexibility: The property is a triplex with two separate structures, offering versatility for both owner-occupants (with one unit currently owner-occupied) and investors seeking multiple income streams.
Top Cons:
Significant Renovation Required: The 'interiors across all units are in need of some TLC,' indicating substantial capital expenditure will be necessary to modernize the property and maximize its rental potential.
Compared to the nearby listings
Price:$897.0K vs avg $674.0K (+$223,000)83%
Size:2,786 sqft vs avg 2,076 sqft90%
Price/sqft:$322 vs avg $33843%
More Insights
Built in 1930 (96 years old).
Condition: Built in 1930, the property's age and the listing's explicit mention that 'interiors across all units are in need of some TLC' and require 'significant renovation' point to a poor condition. The visible kitchen features outdated cabinets, basic appliances, and older flooring, indicating a need for substantial modernization and likely updates to major systems (plumbing, electrical) to meet current standards.
Year Built
1930
Close
-
List price
$897K
Original List price
$949K
Price/Sqft
$322
HOA
-
Days on market
-
Sold On
-
MLS number
AR25087965
Home ConditionPoor
Features
View-
About this home
An excellent opportunity for both owner-occupants and investors, this triplex features two separate structures on the property. All units are currently occupied with long-term tenants on month-to-month rental agreements, with rents significantly below market value—offering strong upside potential. The rear unit is currently owner-occupied. Interiors across all units are in need of some TLC, presenting a value-add opportunity. The property includes gated front yards ideal for children’s play areas, individual laundry setups, and ample off-street parking. Conveniently located near local restaurants, shopping, and with easy access to public transportation.
D
David Shin
Listing Agent
Nearby schools
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.2mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.3mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.5mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.6mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
/10
Maple Primary Center
Public,•K-1•0.8mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.8mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.8mi
3/10
Trinity Street Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.4mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.6mi
4/10
Norwood Street Elementary School
Public,•K-5•1.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.1mi
2/10
John W. Mack Elementary School
Public,•K-5•2.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.5mi
4/10
John Adams Middle School
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.0mi
2/10
John Muir Middle School
Public,•6-8•2.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.7mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.7mi
5/10
Santee Education Complex
Public,•9-12•0.8mi
3/10
Manual Arts Senior High School
Public,•9-12•2.1mi
4/10
West Adams Preparatory High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
11/14/14
Sold
$445,000
Condition Rating
Poor
Built in 1930, the property's age and the listing's explicit mention that 'interiors across all units are in need of some TLC' and require 'significant renovation' point to a poor condition. The visible kitchen features outdated cabinets, basic appliances, and older flooring, indicating a need for substantial modernization and likely updates to major systems (plumbing, electrical) to meet current standards.
Pros & Cons
Pros
Triplex Configuration & Flexibility: The property is a triplex with two separate structures, offering versatility for both owner-occupants (with one unit currently owner-occupied) and investors seeking multiple income streams.
Significant Rental Upside Potential: Current rents are 'significantly below market value,' presenting a strong opportunity for investors to increase income and property value post-acquisition through rent adjustments.
Value-Add Renovation Opportunity: The need for 'some TLC' across all units allows a buyer to implement strategic renovations, thereby increasing rental income, tenant appeal, and overall property appreciation.
Desirable Urban Location: Conveniently located near local restaurants, shopping, and public transportation in Los Angeles, enhancing tenant desirability and long-term investment appeal.
Immediate Income & Tenant Stability: All units are currently occupied by long-term tenants on month-to-month agreements, providing an immediate income stream and reducing initial vacancy risk for an investor.
Cons
Significant Renovation Required: The 'interiors across all units are in need of some TLC,' indicating substantial capital expenditure will be necessary to modernize the property and maximize its rental potential.
Age of Property (1930): Built in 1930, the property may incur higher ongoing maintenance costs and could require updates to major systems (e.g., plumbing, electrical) to meet modern standards and tenant expectations.
Tenant Transition & Rent Adjustment Risks: While offering upside, the combination of below-market rents and month-to-month leases, along with an owner-occupied unit, presents complexities and potential risks during the transition to market-rate rents or new tenancy.