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1029 E 28th Street, Los Angeles, CA 90011

Los Angeles
Local realty services provided by:CENTURY 21 Synergia Realty
1029 E 28th Street,Los Angeles, CA 90011
$850,000
  • 17 Beds
  • 7 Baths
  • 5,044 sq. ft.
  • Multi-family
  • Pending
Listed by: melissa urena, rick warner
Office: real broker619-663-8680
MLS#:26853639
Source:CRMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$168.52

About this home

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...

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Home facts

  • Year built:1955
  • Listing ID #:26853639
  • Added:18 day(s) ago
  • Updated:July 26, 2026 at 08:30 AM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:7
  • Living area:5,044 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1955
  • Building area:5,044 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$168.52

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:5
  • Parking description:Driveway
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Synergia Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Synergia Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Sandy Hernandez

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