5-Unit Apartment Investment
1029 E 28th St Los Angeles, CA 90011
1029 E 28th St, Los Angeles, CA, 90011
$850,000
Pending
For Sale
$850,000
Pending
MULTI_FAMILY - Los Angeles, CA
Property Size5,044 SF
Lot Size0.17 Acres
Days on Market23
Property Features for 1029 E 28th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LARD1.5
- Bedrooms
- 17
- Bathrooms
- 7
- Rooms
- Bedroom 6, Bedroom 13, Bathroom 7, Bedroom 17, Bathroom 6, Bedroom 7, Bedroom 12, Bedroom 2, Bedroom 9, Bedroom 15, Bedroom 16, Bathroom 4, Bedroom 11, Bedroom 14, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 5, Bedroom 8, Bedroom 5, Bedroom 10, Bathroom 3, Bathroom 2
- Parking
- 5
- Parking features
- Driveway
- Standard status
- Pending
- APN
- 5128-023-031
- Size
- 5,044 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Number of units
- 5
Listing agency
Real Broker
(619) 663-8680
Listed by
Melissa Urena · License #01900591
(562) 249-1939
Added: Jun 29 Updated: Jul 20 at 4:38PM Checked: Jul 21 at 10:06AM
MLS# 26853639
Copyright © 2026 The MLS/CLAW. 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.
This property is a 5-unit multifamily apartment building offered for sale. The current unit mix consists of four 3-bedroom, 1-bath apartments and one oversized 5-bedroom, 2-bath apartment. The asset is currently generating rental income, with stated Gross Operating Income (GOI) of $108,513 and annual operating expenses totaling $49,831. Based on current operations, the remarks indicate a GRM of 7.8 and a 6.9% cap rate. The property requires repairs and improvements, and offers an owner the opportunity to address needed updates through renovations and operational adjustments.
The building is located at 1029 E 28th St in Los Angeles, California 90011, in close proximity to Downtown Los Angeles as described in the listing remarks. The stated lot size is 0.1722 acres and the building size is 5,044 square feet. Zoning is listed as LARD1.5.
For investors and buyers looking for a small multifamily asset with a larger-tenant unit mix, this configuration may appeal to households seeking more bedrooms and space. The four 3-bedroom units and one 5-bedroom/2-bath unit can support a tenant base with varying household needs, while the current income and expense figures provide a baseline for underwriting renovation and improvement plans. Offers are subject to inspection, and the listing instructs not to disturb occupants.
The building is located at 1029 E 28th St in Los Angeles, California 90011, in close proximity to Downtown Los Angeles as described in the listing remarks. The stated lot size is 0.1722 acres and the building size is 5,044 square feet. Zoning is listed as LARD1.5.
For investors and buyers looking for a small multifamily asset with a larger-tenant unit mix, this configuration may appeal to households seeking more bedrooms and space. The four 3-bedroom units and one 5-bedroom/2-bath unit can support a tenant base with varying household needs, while the current income and expense figures provide a baseline for underwriting renovation and improvement plans. Offers are subject to inspection, and the listing instructs not to disturb occupants.
Key Highlights
- 5‑unit multifamily property built in 1955
- Unit mix: four 3‑bedroom, 1‑bath units and one oversized 5‑bedroom, 2‑bath unit
- Gross Operating Income (GOI) of $108,513 based on current operations
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - A 5-unit rental building with four 3-bedroom units and one 5-bedroom unit, requiring repairs and improvements.
Where is this apartment building located?
The property is located at 1029 E 28th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5‑unit multifamily property built in 1955; Unit mix: four 3‑bedroom, 1‑bath units and one oversized 5‑bedroom, 2‑bath unit; Gross Operating Income (GOI) of $108,513 based on current operations
