Neighborhood
583 E Avenue 28, Los Angeles, CA 90031
2 beds · 1 bath · 720 sq ft · Lot: 6,506 sq ft · Single Family Home · Built: 1948
Est. Value:
$742K
Est. Rent:
$3.9K/month

583 E Avenue 28 Los Angeles, CA 90031

2 beds · 1 bath · 720 sq ft · Lot Size: 6,506 sq ft · Single Family Home · Lincoln Heights
Est. Property Value: $741,651

High Demand Long-Term RentalLarge Lot AdvantageEquity Status

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583 E Avenue 28 is in the Lincoln Heights neighborhood of Los Angeles, CA. It is located in Los Angeles County and ZIP code 90031. This Single Family Home was built in 1948 and is approximately 77 years old. The single family home spans 720 sq ft with 2 bedrooms and 1 bathroom and sits on a 6506 sq ft lot. According to public records, it was sold for $145,000. The Lincoln Heights area of Los Angeles has 613 residential homes with an average size of 952 sq ft. Analyze and compare real estate investment strategies for properties like this home at 583 E Avenue 28 Los Angeles, CA 90031 with Property Intel by Whitepages.

Investment Potential for 583 E Avenue 28

The property has a current estimated value of $741,651, which is 6% below the neighborhood median, based on public records. It last sold for $145,000. Projected long-term
is $46,800 annually ($3,900 per month) with a 95% occupancy rate.

Discover more Single Family Homes in Lincoln Heights.
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Long-Term

Gross Rental
$46,800 per year($3,900 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 90031 zip code
 
View Rental Potential

Owners & Occupancy for 583 E Avenue 28

No contact information is available.

Occupancy

Resident 1************ age 67
Resident 2**************** age 70

Property Details for 583 E Avenue 28

Property Details

Property Sq Ft

Living Area

720 sq ft

24% below market

Lot Size

6,506 sq ft

35% above market

Price Per Sq Ft

Living Area

$1,030 / sq ft

27% above market

Lot Size Area

$114 / sq ft

24% below market

Property condition, age, exterior, etc. for 583 E Aven…
Longitude: -118.20595 Latitude: 34.082955 Parcel Number (APN): 5206-019-025…
Mortgage originated on through lender: First Fed'l for$******View Mortgage Details
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Market Benchmarks

Compare data for 583 E Avenue 28 in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$741,651
$561,307
$180,344 (32%)
$*******
$704,713
$363,949 (52%)
YoY Price Change
****%
1.67%
530%
Year Built
1948
1952
-4 years
Living Space
720 sq ft
1,134 sq ft
-414 (-37%)
$ Per Living Sq Ft
$1,030
$494
$536 (109%)
Lot Size
6,506 sq ft
6,300 sq ft
206 (3%)
$ Per Lot Sq Ft
$114
$97
$17 (17%)

Net Operating Income
$*****
$31,816
$30 (0%)
Annual Revenue
$46,800
$46,200
$600 (1%)
$*****
$11,934
$3,020 (25%)
Net Operating Income
$*****
$31,816
$30 (0%)
Cap Rate
****%
4.88%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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