4023 4027 W 28th Street

Los Angeles, CA 90018

  • 24 Bed(s)
  • 0 Bath(s)
  • 14,650 Sqft
  • 16480
    Sqft(Lot)
$4,600,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mid-Century Modern

  • AD ID

    50055964

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Property Details

  • Bedroom Information

    • Total Bedrooms : 24

    Bathroom Information

    • Total Baths: 20
    • Full Baths: 0
    • Half Baths: 0

    Water/Sewer

    • Sewer : Other

    Interior Features

    • Property Appliances: Refrigerator
    • Fireplace: None

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1959
    • Building Area Total: 14,650
    • Construction: Stucco

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Pool Features

    • None

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.3783
    • Lot Size Dimensions: 100x165
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 16480

  • Listing Price Information

    • Original List Price: 4,600,000
    • Listing Contract Date: 2025-05-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5051004007

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C16 - Mid Los Angeles
    • Directions: Head South on Edgehill off W. Adams Blvd. Turn West on W. 28th St, the property is on the North side of the street.
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: C16 - Mid Los Angeles

    Building and Construction

    • Property Age: 66
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 14650
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 06/06/2025 @ 12:53

  • MLS: 25535041
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 24 bedrooms which is for sale, it has 14,650 sqft, 16,480 sized lot, and 0 parking. are nearby neighborhoods.