$ 4,100,000
-
$4,100,000
Price -
24
Bed -
20
Bath -
14,650
SqFt
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About the Listing X82195 - X93306,C138168
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 7.4% cap rate and 9.29 GRM. 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.
Listing Highlights for 4023 -4027 W 28th St
Status
Active
Days on Site
99
Property Type
Multi-Family
MLS ®
25535041
Year Built
1959
Total Square Footage
14,650
Lot/Acreage
0.38
County
Los Angeles
Area
Mid Los Angeles
Interior Details
- Bedrooms: 24
- Bathrooms: 20 Full
- Appliances: Refrigerator, Range/Oven
- Air Cond: Wall/Window
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-4 Lots
- Garage Capacity: N/A
- Parking Spaces: 19
- Lot Dimensions: 100x165
- Zoning: LAR3
- Roof:
- Others:
- Sewer: In Street
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5051-004-007
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
4023 -4027 W 28th St Los Angeles, CA 90018
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