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1427 W 28th St, Los Angeles, CA 90007

Sale Price: $715,000
Aug 5, 20242,086 sqft5 beds2 baths
Listed by: Adam Shamooelian
License #: 02116849
Phone #: 310-658-2668
Keller Williams Beverly Hills
Source:
CRMLS Logo
MLS #: 24423803

Property Description

We 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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,548

TurboHome Estimated Value

$714,100

$342 sqft

High Valuation
$749,805
$359/sqft
Normal Valuation
$714,100
$342/sqft
Low Valuation
$678,395
$325/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$342/sqft$714,100

Neighborhood: South Los Angeles

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Comparative Value

$715K

$730K

$825K

$867K

$925K

$925K

1427 W 28th St, Los Angeles, CA 90007

Sale Price: $715,000

Selected Comparable

625 W 41st Dr, Los Angeles, CA 90037

Sale Price: $730,000

Selected Comparable

1209 W 40th Pl, Los Angeles, CA 90037

Sale Price: $825,000

Selected Comparable

2941 S La Salle Ave, Los Angeles, CA 90018

Sale Price: $867,000

Selected Comparable

1427 W 28th St, Los Angeles, CA 90007

List Price: $925,000

Subject Property

2510 Juliet St, Los Angeles, CA 90007

Sale Price: $925,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1427 W 28th St, Los Angeles, CA 90007

1427 W 28th St, Los Angeles, CA 90007

List: $925,000

Listed: 8/5/2024

Area:2,086 sqft
Price/sqft:$443
Beds:5
Baths:2
Year Built:
Lot Size:6,752

Comparable Properties

COMPARABLE
Choose comps
1427 W 28th St, Los Angeles, CA 90007

1427 W 28th St, Los Angeles, CA 90007

Sale: $715,000

10/18/20240.00 mi

Area:2,086 sqft
Price/sqft:$343
Beds:5
Baths:2
Year Built:
Weight:23.0%
2510 Juliet St, Los Angeles, CA 90007

2510 Juliet St, Los Angeles, CA 90007

Sale: $925,000

2/28/20250.28 mi

Area:2,032 sqft
Price/sqft:$455
Beds:5
Baths:2
Year Built:
Weight:22.6%
2941 S La Salle Ave, Los Angeles, CA 90018

2941 S La Salle Ave, Los Angeles, CA 90018

Sale: $867,000

2/18/20250.78 mi

Area:2,184 sqft
Price/sqft:$397
Beds:5
Baths:2
Year Built:
Weight:21.2%
1209 W 40th Pl, Los Angeles, CA 90037

1209 W 40th Pl, Los Angeles, CA 90037

Sale: $825,000

6/26/20251.38 mi

Area:1,944 sqft
Price/sqft:$424
Beds:4
Baths:2
Year Built:
Weight:17.6%
625 W 41st Dr, Los Angeles, CA 90037

625 W 41st Dr, Los Angeles, CA 90037

Sale: $730,000

7/9/20251.50 mi

Area:1,680 sqft
Price/sqft:$435
Beds:6
Baths:2
Year Built:
Weight:15.6%

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