1023 E 28th, Los Angeles, CA 90011
Commercial/Residential - Los Angeles, CA
- Added:
- Jun 18, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 18 at 8:06 pm
Property Features for 1023 E 28th
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 4
- Exterior features
- Community Features Included: Sidewalks, 6-10 Units/Acre
- Standard status
- Active
- APN
- 5128023030
- Size
- 5,196 SF
- Lot size
- 7,501.00 Acres
Building Details
- Year built
- 1962
- Floors in Building
- 2
- Number of units
- 7
- Architectural style
- Other
Listing agent Robert Stepp License #01456379 (310) 463-2916
Listing office Keller Williams Realty Downey 8255 Firestone Blvd., #100, Downey, CA (562) 334-1500
Listing date Jun 18, 2026
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Seven‑unit, three‑building asset at 1023 E. 28th Street: (1) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA units
- Partially new construction: two newly constructed front buildings completed in 2026 and exempt from California rent control
- New buildings include solar panels, separately metered utilities, individual water heaters, all‑electric systems, and MiniSplit HVAC in every unit
- 1962 rear four‑unit building offers value‑add: (2) 2BD/1BA and (2) 1BD/1BA units with demonstrated rental upside after renovating a 1BD/1BA unit
- Ancillary income potential: four existing parking spaces currently included in rent and an available storage room conversion to an onsite laundry facility
- Recent capital improvements to the 1962 building include a new roof and upgraded main and sub electrical panels
Overview
The rear four-unit building was originally constructed in 1962 and includes two 2BD/1BA units and two 1BD/1BA units. Ownership has already demonstrated the value-add approach by fully renovating one 1BD/1BA unit with updated finishes, mini-split HVAC, and in-unit washer/dryer, aimed at achieving near-market rents. Recent improvements to the 1962 structure include a new roof and upgraded main and sub electrical panels.
For investors and operators, the property offers a blend of newly constructed units and a continuing renovation runway in the classic rear building. Additional ancillary income opportunities include implementing parking income for four existing parking spaces that are currently included in rent and converting an existing storage room into an onsite laundry facility to generate supplemental revenue.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2565951
- Latitude
- 34.0173135
