4023 28th Street, Los Angeles, CA 90018
  • MLS#: 25535041 ( )
  • Street Address: 4023 28th Street
  • Viewed: 1
  • Price: $4,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 32
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90018
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 40234027 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 6.20% cap rate. The properties currently generate nearly $430,000 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.
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Features
Appliances
  1. Refrigerator
Architectural Style
  1. Mid Century Modern
Building Area Total
  1. 14650.00
Construction Materials
  1. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Direction Faces
  1. South
Fireplace Features
  1. None
Heating
  1. Wall Furnace
Levels
  1. Multi/Split
Lot Dimensions Source
  1. Assessor
Netoperatingincome
  1. 285191.00
Parcel Number
  1. 5051004007
Parking Features
  1. Assigned
Pool Features
  1. None
Security Features
  1. Smoke Detector(s)
  2. Carbon Monoxide Detector(s)
Sewer
  1. Other
Sourcesystemkey
  1. 25535041:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 132196.00
View
  1. City Lights
Year Built
  1. 1959
Zoning
  1. LAR3