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… Read More 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. Read Less
Listing Snapshot
Days Online
74
Last Updated
Property Type
Other
Beds
24
Square Ft.
14,650
Lot Size
0.38 Acres
Year Built
1959
MLS Number
25535041
30 Days Snapshot Of 90018
$1.02M
-11%
(avg) sold price
6
-33%
homes sold
63
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1959, Building area total: 14,650, Levels: MultiSplit, Living area: 14650, 2 buildings, Architectural style: MidCenturyModern, Construction materials: Stucco
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $442,791, Net operating income: $302,654
Lot
0.3783 acres, 16,480 square feet, Size: 16,480
Parking
19 totals parking, Assigned
Pool
None
Property
Zoning: LAR3, CityLights
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Spa
None
Tenant Pays
Electricity, Gas
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
