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243 East 28th Street

243 East 28th Street, Los Angeles, CA 90011
Multifamily in South Central LA
Sold Feb 14, 2019
$740,000
$712,500 by Financial Partners Credit Unio
Mortgage Due Mar 01, 2032
Sold Aug 20, 2004
$399,000
$279,000 by Provident Savings Bank Fsb
Mortgage
243 East 28th Street has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1913 and is 111 years old. The home has a total of 6 bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. In addition, 243 East 28th Street has 4,298 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,252 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing floor/wall heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 243 East 28th Street sold most recently in Jan 16, 2019 for a total of $740,000. If you work out the math, that's approximately a cost of $172.17 per sqft. Before that, the property was also sold for $399,000 in Aug 16, 2004. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,035 in taxes each year. 243 East 28th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $793,426. If we break it down further, the land itself was valued at $536,099. Improvements to the property, however, were assessed at a total of $257,327. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 2
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,252
  • Total Building Area: 4,298
  • Building Area: 4,298
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Floor/wall
  • Heated Square Feet: 4,298
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHAFER & LANTERMANS SUB MONTAGUE TRACT
  • Land Acres: 0.144
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: SHAFER AND LANTERMANS SUB OF THE MONTAGUE TR LOT/SEC 28 BLK/DIV/TWN B

Ownership

  • Current Owner : 28TH STREET APTS LLC
  • Previous Owner : GONZALEZ MANUEL A
  • Previous Owner 2: GONZALEZ MARIA C
  • Owner Before Previous Owner: LEARY FRANCIS
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 224600

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 44-B6
  • Parcel: 5128-002-026
  • Block: B
  • Lot: 28
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 34.0224
  • Longitude: -118.267

    Address

  • Full Address: 243 E 28th St
  • Address - House Number: 243
  • Street Direction: E
  • Address - Street Name: 28th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C032
  • 4-Digit Zip Code: 1419
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,035
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 55
  • Final Value: 860,577
  • High Value: 1,050,330
  • Low Value: 670,823

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $712,500
  • First Open Lien Mortgage Lender: FINANCIAL PARTNERS CREDIT UNIO
  • First Open Lien Mortgage Recording Date: Feb 15, 2022
  • First Open Lien Mortgage Loan Amount: $712,500
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2032

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $793,426
  • Assessed Land Value: $536,099
  • Assessed Improvements Value: $257,327

    Sales

  • Current Sale Contract Date: Jan 16, 2019
  • Current Sale Recording Date: Feb 14, 2019
  • Current Sale Transaction ID: 11570731348
  • Current Sale Price: $740,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0135663
  • Previous Sale Recording Date: Aug 20, 2004
  • Previous Sale Contract Date: Aug 16, 2004
  • Previous Sale Amount: $399,000
  • Previous Sale Document Type: Individual Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL PARTNERS CU
  • First Mortgage Transaction Date: Feb 14, 2019
  • First Mortgage Loan Amount: $556,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: PROVIDENT SAVINGS BANK FSB
  • Previous Mortgage Transaction Date: Aug 20, 2004
  • Previous Mortgage Loan Amount: $279,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About South LA



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Frequently Asked Questions

What neighborhood is 243 East 28th Street located in?
The 243 East 28th Street is a multifamily located in the neighborhood of South Central LA in South LA, Los Angeles.
What is the average sales price for listings in 243 East 28th Street?
The average sales price for units in 243 East 28th Street is $740,000 currently.

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