1029 E 28th Street, Los Angeles, CA 90011

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1029 E 28th Street,Los Angeles, CA 90011
$850,000
  • 17 Beds
  • 7 Baths
  • 5,044 sq. ft.
  • Multi-family
  • Pending
Listed by: melissa urena, rick warner
Office: real broker619-663-8680
MLS#:26853639
Source:CRMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$168.52

About this home

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...

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Home facts

  • Year built:1955
  • Listing ID #:26853639
  • Added:30 day(s) ago
  • Updated:August 07, 2026 at 07:53 AM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:7
  • Living area:5,044 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1955
  • Building area:5,044 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$168.52

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:5
  • Parking description:Driveway
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