$4,100,000

4023 W 28th Street, Los Angeles, CA 90018

14,650 sqft

other
Built in 1959
0.38acre lot
—— car garage
$280/sqft
Listed 6 months ago

Property Description

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 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.

Listing Status:: Active
Date Added:: May 6, 2025 at 05:00AM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: William James : 310-600-9858
MLS ID:: CL25535041

A/C: Wall/Window Unit(s)
Heating: Wall Furnace

Parking: Assigned

General: Stucco

County: Los Angeles

Zoning: LAR35051004007
View: City Lights

Utilities: Other Water/Sewer
Water: Other
Sewer: Other

This listing courtesy of William James, Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

6th Avenue Elementary School

3109 6th Ave, Los Angeles, CA, 90018

Grades KG-5

0.51 miles away

Johnnie Cochran Jr. Middle School

4066 W Johnnie Cochran Vis, Los Angeles, CA, 90019

Grades 6-8

0.76 miles away

Joseph Pomeroy Widney Career Preparatory and Transition Center

2302 S Gramercy Pl, Los Angeles, CA, 90018

Grades 11-12

1.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.