Log In/Sign Up
Your email has been sent.
7-Units | Turn-Key 1023 E 28th St 7 Unit Apartment Building $2,099,000 ($299,857/Unit) 6.67% Cap Rate Los Angeles, CA 90011
EXECUTIVE SUMMARY
We are pleased to present this turnkey 7-unit apartment community located at 1023 E 28th St, less than 10 minutes away from Downtown Los Angeles, offered at a 10.48 GRM and 6.67% CAP on current rents with upside potential to achieve an 8.40% CAP and 8.76 GRM with proforma rents.
This opportunity consists of two separate two-story buildings offering a total of 5,196 rentable square feet. The front triplex is new 2025 construction and the rear four unit was built in 1962, with two renovated units, which sit on a 7,501 square foot LARD1.5 zoned lot with six on-site parking spaces. The unit mix consists of one (1) three bedroom one-bathroom unit, four (4) two bedroom one-bathroom units and two (2) one bedroom one-bathroom units.
Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe’s, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
This opportunity consists of two separate two-story buildings offering a total of 5,196 rentable square feet. The front triplex is new 2025 construction and the rear four unit was built in 1962, with two renovated units, which sit on a 7,501 square foot LARD1.5 zoned lot with six on-site parking spaces. The unit mix consists of one (1) three bedroom one-bathroom unit, four (4) two bedroom one-bathroom units and two (2) one bedroom one-bathroom units.
Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe’s, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
PROPERTY FACTS
| Price | $2,099,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.67% | Building Size | 5,196 SF |
| Gross Rent Multiplier | 10.48 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.15/1,000 SF |
| Zoning | LARD1.5 - 7,501 SF LARD1.5 zoned midblock lot with alley access. | ||
| Price | $2,099,000 |
| Price Per Unit | $299,857 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Gross Rent Multiplier | 10.48 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,196 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | LARD1.5 - 7,501 SF LARD1.5 zoned midblock lot with alley access. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $3,750 | - |
| 2+1 | 4 | $1,976 | - |
| 1+1 | 2 | $1,481 | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 5128-023-030 | Improvements Assessment | $158,100 |
| Land Assessment | $803,760 | Total Assessment | $961,860 |
PROPERTY TAXES
Parcel Number
5128-023-030
Land Assessment
$803,760
Improvements Assessment
$158,100
Total Assessment
$961,860
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
7-Units | Turn-Key | 1023 E 28th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.