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Compass
1029 E 28th St, Los Angeles, CA 90011
- $885,000
- 17
- BD
- 7
- BA
- 5,044
- SqFt
- Sold Price
- $885,000
- List Price
- $850,000
- Closing Date
- Aug 13, 2026
- MLS#
- 26853639
- Year Built
- 1955
- Bedrooms
- 17
- Bathrooms
- 7
- Living Sq. Ft
- 5,044
- Lot Size
- 7,500
- Days on Market
- 21
- Property Type
- Multifamily
Property Description
Value-Add 5-Unit Multifamily Investment Near Downtown Los Angeles. Excellent opportunity to acquire a value-add 5-unit apartment building located just minutes from Downtown Los Angeles. This income-producing asset features a desirable unit mix consisting of four (4) spacious 3-bedroom, 1-bath units and one (1) oversized 5-bedroom, 2-bath unit, offering strong appeal to tenants seeking larger living spaces. The property is currently generating actual rental income with a Gross Operating Income (GOI) of $108,513, a GRM of 7.8, and a 6.9% CAP rate based on current operations. Annual operating expenses total $49,831. While the property requires repairs and improvements, it presents an outstanding value-add opportunity for investors looking to enhance the asset through renovations, operational efficiencies, and long-term appreciation. The large unit configuration and proximity to Downtown Los Angeles provide a solid foundation for future upside. Submit offers subject to inspection. Do not disturb occupants.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- None
- Number of Cars in Garage
- Driveway
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Courtesy of Real Broker, Melissa Urena - CA DRE#01900591 Selling Office: .
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