1029 E 28th ST, Los Angeles, CA 90011
1029 E 28th ST, Los Angeles, CA 90011
1029 E 28th ST, Los Angeles, CA 90011
20
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$850,000
Est. payment /mo
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17 Beds
7 Baths
5,044 SqFt
New

1029 E 28th ST Los Angeles, CA 90011

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The Brandon Drew Group

The Brandon Drew Group

+1(909) 944-8800

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,044 sqft

Price per Sqft $168

MLS Listing ID 26853639

Bedrooms 17

HOA Y/N No

Year Built 1955

Lot Size 7,501 Sqft

Property Description

Value-Add 5-Unit Multifamily Investment Near Downtown Los Angeles. Excellent opportunity to acquire a value-add 5-unit apartment building located just minutes from Downtown Los Angeles. This income-producing asset features a desirable unit mix consisting of four (4) spacious 3-bedroom, 1-bath units and one (1) oversized 5-bedroom, 2-bath unit, offering strong appeal to tenants seeking larger living spaces. The property is currently generating actual rental income with a Gross Operating Income (GOI) of $108,513, a GRM of 7.8, and a 6.9% CAP rate based on current operations. Annual operating expenses total $49,831. While the property requires repairs and improvements, it presents an outstanding value-add opportunity for investors looking to enhance the asset through renovations, operational efficiencies, and long-term appreciation. The large unit configuration and proximity to Downtown Los Angeles provide a solid foundation for future upside. Submit offers subject to inspection. Do not disturb occupants.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Total Parking Spaces 5

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5128023031

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Melissa Urena Real Broker #01900591

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1029 E 28th ST