Seven-Unit Apartment Building with
For Sale
$1,825,000
1023 E 28th, Los Angeles, CA 90011
COMMERCIAL - Los Angeles, CA
Property SizeContact for details
Lot Size0.17 Acres
Days on Market51
Property Features for 1023 E 28th
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Laundry Room, Bedroom 6, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5
Parking
4
Lot features
6-10 Units/ Acre
Directions
28th St
Subdivision
C42 - Downtown L.A.
Standard status
Active
APN
5128023030
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1962
Floors in Building
2
Number of units
7
Listing Agency:
Keller Williams Realty Downey
(562) 334-1500
Listed By:
Robert Stepp · License #01456379
(310) 463-2916
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 6 at 1:06AM
MLS# PW26132375
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.
Investment Insights
Based on property information with market context.
1023 E 28th Street is a seven-unit apartment asset delivered as three separate buildings. Unit mix includes one 3BD/1BA, four 2BD/1BA, and two 1BD/1BA homes. The front portion includes two newly constructed buildings completed in 2026 that are exempt from California rent control, including a stand-alone 3BD/1BA unit with private front yard space and two 2BD/1BA units.
The newly constructed units were designed for operational efficiency and reduced maintenance, featuring solar panels servicing both buildings, separately metered utilities, individual water heaters, all-electric systems, and MiniSplit HVAC systems in every unit. The rear four-unit building was constructed in 1962 and includes two 2BD/1BA units and two 1BD/1BA units, with demonstrated renovation upside via a fully renovated 1BD/1BA unit that includes updated finishes, MiniSplit HVAC, and in-unit washer/dryer.
Additional ancillary opportunities include implementing parking income for the four existing parking spaces that are currently included in rent, and converting an existing storage room into an on-site laundry facility. Recent capital improvements to the 1962 building include a new roof and upgraded main and sub electrical panels.
The newly constructed units were designed for operational efficiency and reduced maintenance, featuring solar panels servicing both buildings, separately metered utilities, individual water heaters, all-electric systems, and MiniSplit HVAC systems in every unit. The rear four-unit building was constructed in 1962 and includes two 2BD/1BA units and two 1BD/1BA units, with demonstrated renovation upside via a fully renovated 1BD/1BA unit that includes updated finishes, MiniSplit HVAC, and in-unit washer/dryer.
Additional ancillary opportunities include implementing parking income for the four existing parking spaces that are currently included in rent, and converting an existing storage room into an on-site laundry facility. Recent capital improvements to the 1962 building include a new roof and upgraded main and sub electrical panels.
Key Highlights
- Three‑building, seven‑unit apartment complex at 1023 E 28th Street
- Front portion: two newly constructed buildings completed in 2026, exempt from California rent control
- Unit mix: 1 x 3BD/1BA, 4 x 2BD/1BA, and 2 x 1BD/1BA
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit, three-building complex featuring newly constructed non-rent-controlled units plus partially updated classic units.
Where is this apartment building located?
The property is located at 1023 E 28th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Three‑building, seven‑unit apartment complex at 1023 E 28th Street; Front portion: two newly constructed buildings completed in 2026, exempt from California rent control; Unit mix: 1 x 3BD/1BA, 4 x 2BD/1BA, and 2 x 1BD/1BA
