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Josh Canova

josh.canova@evrealestate.com +1(858) 361-7010

$ 4,300,000

Est. payment -/mo

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Price Dropped by $300K

4023 W 28th St Los Angeles, CA 90018

24 Beds

20 Baths

14,650 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,650 sqft

Price per Sqft $293

MLS Listing ID 25535041

Style Mid-Century

Bedrooms 24

Year Built 1959

Lot Size 0.378 Acres

Acres 0.3796

Property Sub-Type Multi-Family

Property Description

We are pleased to present 4023-4027 W. 28th Street, a 19-unit multifamily opportunity located in the heart of West Adams. The offering comprises two adjacent apartment buildings situated on separate parcels, totaling 19 units across approximately 14,650 square feet. The unit mix includes four (2-bedroom, 1-bath), fourteen (1-bedroom, 1-bath), and one (2-bedroom, 2-bath + den) units. Combined, the parcels span approximately 16,480 square feet and are zoned LAR3.This investment is being offered at an attractive 6.20% cap rate. The properties currently generate nearly $430,000 in gross annual income, with an additional $70,000 in potential rental upside. The strong existing cash flow supports the opportunity to leverage high loan-to-value financing while preserving consistent income. 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, making it a compelling investment in a rapidly evolving submarket.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Laundry Laundry Area

Exterior

Parking Features Assigned

Garage Spaces 19.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Lot Description 2-4 Lots

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Stucco

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Josh Canova

Advisor | License ID: C135485

+1(858) 361-7010

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