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$900,777   Price Analysis
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487 E Avenue 28
Los Angeles, CA 90031
15 bed None bath 2,020 SqFt ($445/SqFt)
6,482SqFt lot. Built 1926
Listed 2024-06-05, Taxes $3,600		Ⓧ USDA Ineligible
due to price & location
near Los Angeles

Historic Lincoln Heights Property!

This triplex in the heart of Los Angeles is cnveniently located near the 5, 101 and 110 freeways, close to DTLA, Dodger Stadium, Chinatown and more in this burgeoning neighborhood.

It features a duplex in the rear, each unit with 1 bedroom and 1 bath and ample parking space. The front house comprises 3 bedrooms and 1 bath (with possible 4th bedroom and 1 bath upstairs (unfinished)). All units are currently occupied.


Presented by Valerie Becerril at
Top Producers Realty Partners.


Property MLS #CV24114541 from CRMLS

Bedrooms: 15

All Bedrooms Down, Kitchen, Main Floor Bedroom

Laundry Features: Common Area, Outside

Fireplace Features: Living Room

Flooring: Laminate

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1488062
Lot Size Source: Assessor
Lot Size Square Feet: 6482

Parking Features: Parking YN: Yes, Parking Features: Gravel

Number of Units: 3
Bedrooms in Unit-1: 5

Tenant Pays: Electricity, Gas
Rent Control: Yes

Community Features: Sidewalks, Street Lights, Suburban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Area: 677 - Lincoln Hts
Source Neighborhood: 677 - Lincoln Hts
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 5206020025
Postal Code Plus 4: 2069
Zoning: LARD3
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$83,544 + $194,944
$278,488		$3,600
2021$81,906 + $191,122
$273,028		$4,309
2020$81,067 + $189,163
$270,230		$4,338
2019$79,478 + $185,454
$264,932		$4,208
2018$77,920 + $181,818
$259,738		$4,097
2017$76,393 + $178,253
$254,646		$4,025
2016$74,896 + $174,758
$249,654		$3,932
2015$73,771 + $172,133
$245,904		$3,126
2014$72,326 + $168,762
$241,088		$3,154
2013$72,000 + $168,000
$240,000		$3,154
2012$92,241 + $184,489
$276,730		$3,717
2010$90,433 + $180,872
$271,305		$3,645
2009$89,972 + $179,948
$269,920		$3,518
2009$89,758 + $179,521
$269,279		$3,518
2008$88,208 + $176,420
$264,628		$3,375
2007$86,479 + $172,961
$259,440		$3,260

Price Changed 2024-07-08
$900,777
CRMLS
Relisted 2024-07-05
$949,999
CRMLS
Listing removed 2024-07-04
$0
CRMLS
Price Changed 2024-06-27
$949,999
CRMLS
Listed 2024-06-05
$950,000
CRMLS
Sold 2022-07-21
$470,000
Public Record
Listing removed 2020-09-22
$0
CRMLS
Relisted 2020-09-19
$665,000
CRMLS
Listing removed 2020-08-25
$0
CRMLS
Listed 2020-08-23
$665,000
CRMLS
Sold 2012-07-26
$240,000
Public Record

Net Operating Income: 70000.00

Total Square Feet Living: 2020
Year Built: 1926
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: FRONT
Property Age: 98
Property Attached: Yes
Building Total Stories: 1
Structure Type: Triplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Hillside Elementary School is a public elementary school located approximately 0.4 miles away.
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Florence Nightingale Middle School is a public middle school located approximately 0.8 miles away.
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Los Angeles Leadership Academy is a public middle and high school located approximately 0.2 miles away.
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Sacred Heart High School is a private high school located approximately 0.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.