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1023 E 28th St
Los Angeles, CA 90011
7-Units | Turn-Key · Multifamily Property For Sale
·
7 Units
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 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 |
| Apartment Style | Mid-Rise | ||
| Zoning | LARD1.5 - 7,501 SF LARD1.5 zoned midblock lot with alley access. | ||
| 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 | Mid-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. |
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 | - |
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
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