1427 W 28th St Los Angeles, CA 90007
Adams-Normandie Neighborhood
5
Beds
2
Baths
2,086
Sq Ft
6,752
Sq Ft Lot
About This Home
As of October 2024We are pleased to offer the opportunity to acquire this high-upside duplex located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The subject property has multiple utilities, one as a Student Housing Investment with the potential to achieve strong rents, and another as a home for any Professors/Families looking to move into the fast growing area. The property is approximately 2,086 rentable square feet on a large 6,750 square foot lot. The subject property is comprised of two separate structures, one 3bd + 1.5 bth home in the front, and an additional 2bd + 1 bth home in the rear. Any buyer has the opportunity to maximize rental income by increasing the number of bedrooms/bathrooms to accommodate more students. In addition, there's an excellent value-add opportunity to construct an ADU, and further increase cash flow for an investor or owner-user(Buyer to Verify) (Property is in the HPOZ). The seller is also open to an extended escrow, giving any buyer ample time to obtain permits during the escrow period and hit the ground running upon closing! An added benefit of an extended escrow is the ability to close on a loan during a potentially lower interest rate environment! This is a rapidly growing neighborhood, a true community located in the heart of the USC ecosystem and is minutes away from campus as well as the USC Village, Trader Joe's, City Target and lots of great amenities and restaurants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $886
Year Built
- Built in 1929
Lot Details
- 6,752 Sq Ft Lot
Parking
- 5 Parking Spaces
Interior Spaces
- 2,086 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Community Details
- 2 Buildings
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 5054-032-016
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2024 10/18/24 | Sold | $715,000 | -22.7% | $343 / Sq Ft |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- |
| 08/05/2024 08/05/24 | For Sale | $925,000 | -- | $443 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $886 | $39,357 | $26,891 | $12,466 |
| 2023 | $880 | $38,586 | $26,364 | $12,222 |
| 2022 | $857 | $37,831 | $25,848 | $11,983 |
| 2021 | $833 | $37,091 | $25,342 | $11,749 |
| 2020 | $835 | $36,712 | $25,083 | $11,629 |
| 2019 | $817 | $35,993 | $24,592 | $11,401 |
| 2018 | $693 | $35,288 | $24,110 | $11,178 |
| 2016 | $644 | $33,920 | $23,175 | $10,745 |
| 2015 | $638 | $33,411 | $22,827 | $10,584 |
| 2014 | $657 | $32,757 | $22,380 | $10,377 |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $715,000 | Old Republic Title |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 24-423803
APN: 5054-032-016
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