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229 W 28th Street, Los Angeles, CA 90007

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For Sale

$1,689,000

8 beds • 8 baths • 2,585 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $653.38
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Location, Location! The best location is adjacent to downtown and USC. Downtown is 2.4 miles away, and USC is within walking distance of approximately 1.1 miles, about a 20-minute walk. Sitting on a 6,590 SF lot, there are two separate units with addresses 229 and 231. Both units underwent a complete remodeling in 2000, including new rooms, bathrooms, two kitchens, interior design, new HVAC system, new appliances, and a yard. Each remodeled unit consists of four rooms, each with its own bathroom. There are a total of 8 wall-mounted HVAC units installed, one in each room. The yard is covered with concrete and requires minimal maintenance. Two refrigerators are included, and each unit has its own separate electric, gas, and water meters. Recent remodeling ensures low maintenance and maximizes income potential. The current actual rent from tenants is $7,100, with a proforma rent income of $8,000. With independent bathrooms and air conditioning in each room, this property is ideal as a room rental for USC students or downtown professionals, providing optimal income potential.
MLS# SR24085132

Courtesy Of Real Estate eBroker Inc.

(213) 342-1004

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Microwave, Range, Range - Built In, Refrigerator
  • Architecture Style
    Modern
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Stucco, Wood Siding
  • Floor Covering
    Laminate
  • Roof Type
    Composition Shingle
  • Rooms
    Bedroom, Full Bath, Kitchen

Map and Directions

Directions to 229 W 28th Street, Los Angeles, CA 90007

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(323) 722-7300
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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