1029 E 28th Street
Los Angeles, CA 90011
17
Bed
0
Bath
5,044Sqft
7,500Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 17Bathroom Information
Total Baths: 7 Full Baths: 0 Half Baths: 0 -
Interior Features
Interior Features: Ceiling Fan(s) -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1955 Building Area Total: 5,044
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1722 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7500
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Listing Price Information
Original List Price: 850,000 Listing Contract Date: 2026-06-29 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5128023031
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Garage and Parking
Garage Description: DrivewayHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Directions: use google maps Zoning: LARD1.5 Source Property Type: Residential Income Area: C42 - Downtown L.A. -
Building and Construction
Property Age: 71 Year Built Source: Vendor Enhanced Total Square Feet Living: 5044 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1432 E 25th Street, Los Angeles, CA, 90011 | $14,000,000 | 55 | -- | 26,048 | 26,048 SqFt |
| 1325 E Adams Boulevard, Los Angeles, CA, 90011 | $1,095,000 | 7 | -- | 2,838 | 2,838 SqFt |
| 1471 E 41st, Los Angeles, CA, 90011 | $875,000 | -- | -- | 1,542 | 1,542 SqFt |
| 948 E 21st Street, Los Angeles, CA, 90011 | $26,400 | 22 | 12 | 7,320 | 7,320 SqFt |
| 946 E 21st Street, Los Angeles, CA, 90011 | $2,395,000 | 22 | -- | 7,320 | 7,320 SqFt |
| 1132 E 27th Street, Los Angeles, CA, 90011 | $899,000 | 6 | 4 | 1,486 | 1,486 SqFt |
| 923 E 25th Street, Los Angeles, CA, 90011 | $615,000 | 3 | 2 | 1,615 | 1,615 SqFt |
| 856 E 22nd Street, Los Angeles, CA, 90011 | $1,150,000 | 5 | -- | 4,219 | 4,219 SqFt |
| 5426 Compton, Los Angeles, CA, 90011 | $849,900 | -- | -- | 4,186 | 4,186 SqFt |
| 1023 E 28th, Los Angeles, CA, 90011 | $1,849,000 | -- | -- | 5,196 | 5,196 SqFt |
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ByOwner last updated this listing 07/11/2026 @ 11:11
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