4023 W 28th Street, Los Angeles, CA 90018

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
4023 W 28th Street,Los Angeles, CA 90018
$4,100,000
  • 24 Beds
  • 20 Baths
  • 14,650 sq. ft.
  • Multi-family
  • Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.
MLS#:25535041
Source:CRMLS

Price summary

  • Price:$4,100,000
  • Price per sq. ft.:$279.86

About this home

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...

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Home facts

  • Year built:1959
  • Listing ID #:25535041
  • Added:298 day(s) ago
  • Updated:March 28, 2026 at 01:11 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:20
  • Kitchen Description:Refrigerator
  • Living area:14,650 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1959
  • Building area:14,650 sq. ft.
  • Lot area:0.38 Acres
  • Architectural Style:Mid Century Modern
  • Construction Materials:Stucco
  • Levels:Multi Split

Finances and disclosures

  • Price:$4,100,000
  • Price per sq. ft.:$279.86

Features and amenities

  • Appliances:Refrigerator
  • Amenities:Carbon Monoxide Detectors, Smoke Detectors

Parking

  • Total parking spaces:19
  • Parking description:Assigned
Based on information from California Regional Multiple Listing Service, Inc. as of March 28, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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