4023 W 28th St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,650 sqft
Price per Sqft $293
MLS Listing ID 25535041
Style Mid-Century
Bedrooms 24
Year Built 1959
Lot Size 0.378 Acres
Acres 0.3796
Property Sub-Type Multi-Family
Property Description
We are pleased to present 4023-4027 W. 28th Street, a 19-unit multifamily opportunity located in the heart of West Adams. The offering comprises two adjacent apartment buildings situated on separate parcels, totaling 19 units across approximately 14,650 square feet. The unit mix includes four (2-bedroom, 1-bath), fourteen (1-bedroom, 1-bath), and one (2-bedroom, 2-bath + den) units. Combined, the parcels span approximately 16,480 square feet and are zoned LAR3. This investment is being offered at an attractive 7.0% cap rate. The properties currently generate nearly $441,000 in gross annual income, with an additional $70,000 in potential rental upside. The strong existing cash flow supports the opportunity to leverage high loan-to-value financing while preserving consistent income. West Adams continues to experience significant growth and revitalization. Ongoing development and planned improvements along West Adams Boulevard enhance the long-term value and stability of this asset, making it a compelling investment in a rapidly evolving submarket.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Fireplaces Type None
Equipment Refrigerator, Range/Oven
Laundry Laundry Area
Exterior
Parking Features Assigned
Garage Spaces 19.0
Pool None
Waterfront Description None
View Y/N Yes
View City
Building
Lot Description 2-4 Lots
Story 2
Sewer In Street
Water Public
Architectural Style Mid-Century
Level or Stories Multi/Split
Structure Type Stucco
Others
Special Listing Condition Standard