Four-Unit Multifamily with Outdoor
For Sale
$999,000
3939 W 28th St, Los Angeles, CA 90018
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 Market165
Property Features for 3939 W 28th St
General Information
Standard status
Active
Size
3,199 SF
Total Parking Spaces
4
Lot size
0.20 Acres
Property subtype
MULTI_FAMILY
Zoning
R3
Additional Details
Multifamily Units
4
Building Details
Building Size
3,199 SF
Year Built
1922
Tenancy
Multi
Listing Agency:
Realty Investment Advisors, Inc.
Listed By:
Benjamin J. Hsiang · License #01438644
(424) 377-6001
Source:
Milsteinestates
Added: Mar 25
Changed: Aug 16
Last Checked: Sep 5 at 7:13AM
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
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
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?
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
