Four-Unit Multifamily with Outdoor
3939 W 28th St Los Angeles, CA 90018
3939 W 28th St, Los Angeles, CA, 90018
$999,000
For Sale
$999,000
Four spacious two-bedroom, one-bath units on an R3-zoned lot, with two units vacant at close of escrow.
Property Size3,199 SF
Lot Size0.20 Acres
Price / SF$312.29
Days on Market120
Property Features for 3939 W 28th St
General Information
- Standard status
- Active
- Size
- 3,199 SF
- Lot size
- 0.20 Acres
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 1922
Listing agency
Realty Investment Advisors, Inc.
(424) 377-6001
Listed by
Benjamin J. Hsiang · License #01438644
Source
Milsteinestates
Added: Mar 25 Updated: Jul 21 at 9:06PM Checked: Jul 22 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Investment Advisors, Inc.
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes four spacious two-bedroom, one-bath units totaling approximately 3,199 square feet. Each unit features an outdoor deck space. Utilities are individually metered with separate gas meters, electricity meters, and water heaters for each unit. At close of escrow, two units will be delivered vacant, creating immediate flexibility for an owner-occupant or for an investor planning renovations.
The property is situated on an 8,542-square-foot lot zoned R3. The listing also notes a TOC Tier 3 designation, and highlights future redevelopment potential (buyer to verify). Four on-site parking spaces are included.
The current rents are described as below market, and pro forma rents are projected at approximately $2,100 per unit. The offering is presented as a value-add and long-term redevelopment opportunity, with a pro forma return of approximately 7.07% based on the provided projections.
The property is situated on an 8,542-square-foot lot zoned R3. The listing also notes a TOC Tier 3 designation, and highlights future redevelopment potential (buyer to verify). Four on-site parking spaces are included.
The current rents are described as below market, and pro forma rents are projected at approximately $2,100 per unit. The offering is presented as a value-add and long-term redevelopment opportunity, with a pro forma return of approximately 7.07% based on the provided projections.
Key Highlights
- 1922‑built four‑unit multifamily at 3939 W. 28th Street, featuring four 2‑bedroom, 1‑bath units totaling about 3,199 SF
- Large 8,542 SF R3‑zoned lot with TOC Tier 3 designation (buyer to verify redevelopment incentives)
- Two units will be delivered vacant at close of escrow, allowing an owner‑user to occupy while collecting rent from remaining units
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four spacious two-bedroom, one-bath units on an R3-zoned lot, with two units vacant at close of escrow.
Where is this quadplex located?
The property is located at 3939 W 28th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1922‑built four‑unit multifamily at 3939 W. 28th Street, featuring four 2‑bedroom, 1‑bath units totaling about 3,199 SF; Large 8,542 SF R3‑zoned lot with TOC Tier 3 designation (buyer to verify redevelopment incentives); Two units will be delivered vacant at close of escrow, allowing an owner‑user to occupy while collecting rent from remaining units
