Active

3939 W 28th Street

Los Angeles, CA 90018
Mark as Favorite
Bed 8

Bed

Bath 0

Bath

SqFt3,199

Sqft

SqFt8,545

Sqft(Lot)

We are pleased to present 3939 W. 28th Street, a rare four-unit multifamily opportunity located in the highly desirable West Adams / Jefferson Park neighborhood of Los Angeles. This well-located asset sits on a large 8,542 square foot R3-zoned lot and offers significant upside through both rental repositioning and future redevelopment potential. The property consists of four spacious two-bedroom, one-bathroom units totaling approximately 3,199 square feet. Two units will be delivered vacant at the close of escrow, providing an immediate opportunity for an owner-user to occupy a unit while generating income from the remaining units, or for an investor to renovate and achieve market rents. Each unit benefits from an outdoor deck space, offering tenants a highly desirable indoor-outdoor livin g experience that is increasingly sought after in the West Adams market. Additionally, the property is equipped with individual gas meters, electricity meters and water heaters for each unit, helping to minimize operational complexity and reduce shared utility expenses. Current rents are significantly below market, with pro forma rents projected at approximately $2,100 per unit, offering a clear path to increased cash flow and a stabilized return of approximately 7.07% on a pro forma basis . The property also benefits from four on-site parking spaces, a valuable amenity in this supply-constrained rental market. Situated within a TOC Tier 3 designation, the property presents an attractive long-term redevelopment opportunity for investors seeking to capitalize on increased density incentives (buyer to verify). The large lot size and favorable zoning provide flexibility for future expansion or new construction. Additionally, the asset qualifies for residential financing, including 30-year fixed-rate loans, making it accessible to both investors and owner-users. 3939 W. 28th Street represents a unique opportunity to acquire a well-located asset with immediate vacancy upside, strong rental growth potential, and long-term development optionality in one of Los Angeles' most rapidly evolving submarkets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $999,000

AD Id : 76387629

MLS Id : 26669289

Beds : 8

Lot Size : 8,545 Sqft

Living Area Size : 3,199

Year Built : 1922

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 4 Full Baths: 0 Half Baths: 0
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1922 Building Area Total: 3,199

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1962
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8545

  • Listing Price Information

    Original List Price: 999,000 Listing Contract Date: 2026-03-25
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5051015013

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas,Trash Collection

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C16 - Mid Los Angeles Postal Code Plus 4: 2351 Directions: South of Adams Blvd Zoning: LAR3 Source Property Type: Residential Income Area: C16 - Mid Los Angeles
  • Building and Construction

    Property Age: 104 Year Built Source: Vendor Enhanced Total Square Feet Living: 3199 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1930 S La Salle Avenue, Los Angeles, CA, 90018 $2,100,000 11 -- 7,420 7,420 SqFt
2068 S Hobart Boulevard, Los Angeles, CA, 90018 $1,850,000 5 4 4,087 4,087 SqFt
2640 Dalton Avenue, Los Angeles, CA, 90018 $1,250,000 -- -- 5,621 5,621 SqFt
1419 W 36th Street, Los Angeles, CA, 90018 $1,395,000 4 -- 4,786 4,786 SqFt
3013 Halldale Avenue, Los Angeles, CA, 90018 $800,000 3 2 1,400 1,400 SqFt
3111 Halldale Ave., Los Angeles, CA, 90018 $1,300,000 4 2 1,545 1,545 SqFt
1444 W 37th Street, Los Angeles, CA, 90018 $4,500,000 -- -- 9,056 9,056 SqFt
2822 S La Salle Avenue, Los Angeles, CA, 90018 $1,699,000 4 -- 4,320 4,320 SqFt
2248 S Hobart Boulevard, Los Angeles, CA, 90018 $1,695,000 3 2 4,210 4,210 SqFt
2205 S Hobart Boulevard, Los Angeles, CA, 90018 $1,395,000 5 4 3,623 3,623 SqFt

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ByOwner last updated this listing 06/21/2026 @ 00:07

MLS: 26669289 LISTED BY: Benjamin J. Hsiang, Realty Investment Advisors, Inc. SOURCE: CRMLS

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