28Th St Los Angeles, CA 90018
19-unit multifamily property in West Adams with high cash flow.
Property size:
14,650 SFLot size:
0.38 AcresProperty Features for 28Th St
General Information
- Standard status
- Active
- Size
- 14,650 SF
- Lot size
- 0.38 Acres
Building Details
- Year built
- 1959
Source:
Corcoran
Listing Agent: William James
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West Adams Multifamily Investment Opportunity
Located in West Adams, this multifamily investment opportunity consists of two adjacent apartment buildings on separate parcels, totaling 19 units across approximately 14,650 square feet. The unit mix includes four 2-bedroom, 1-bath units, fourteen 1-bedroom, 1-bath units, and one 2-bedroom, 2-bath unit with a den. Combined, the parcels span approximately 16,480 square feet and are zoned LAR3. The properties currently generate nearly $441,000 in gross annual income, with an additional $70,000 in potential rental upside. West Adams continues to experience significant growth and revitalization. Ongoing development and planned improvements along West Adams Boulevard enhance the long-term value and stability of this asset.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.271144
- Latitude
- 34.023644
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 19-unit multifamily property in West Adams with high cash flow.
Where is this apartment building located?
The property is located at 28Th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: - Attractive 7.4% cap rate and 9.29 GRM; - Generates nearly $441,000 in gross annual income with $70,000 in potential rental upside; - Located in West Adams, an area experiencing significant growth and revitalization