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4023 W 28th Street, Los Angeles, CA 90018

Los Angeles
Local realty services provided by:CENTURY 21 Allstars
4023 W 28th Street,Los Angeles, CA 90018
$4,100,000
  • 24 Beds
  • 20 Baths
  • 14,650 sq. ft.
  • Multi-family
  • Active
Listed by: william james, peter james
Office: lyon stahl investment real estate, inc.
MLS#:25535041
Source:CRMLS

Price summary

  • Price:$4,100,000
  • Price per sq. ft.:$279.86

About this home

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 7.4% cap rate and 9.29 GRM. The properties currently generate nearly $441,000 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...

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Home facts

  • Year built:1959
  • Listing ID #:25535041
  • Added:289 day(s) ago
  • Updated:March 19, 2026 at 10:56 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:20
  • Kitchen Description:Refrigerator
  • Living area:14,650 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1959
  • Building area:14,650 sq. ft.
  • Lot area:0.38 Acres
  • Architectural Style:Mid Century Modern
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$4,100,000
  • Price per sq. ft.:$279.86

Features and amenities

  • Amenities:Carbon Monoxide (CO2) Detector

Parking

  • Total parking spaces:19
  • Parking description:Assigned
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