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For sale
  • Price cut: $200K (7/7)
    $4,100,000

    4023-4027 W 28th St, Los Angeles, CA 90018

    24beds
    20baths
    14,650sqft
    : 
    Multi Family
    Built in 1959
    -- sqft lot
    $3,941,100 Zestimate®
    $280/sqft
    $-- HOA

    What's special

    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 this asset, making it a compelling investment in a rapidly evolving submarket.
    78 days
    on Zillow
    |
    63
    |
    1
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 07, 2025 at 05:26am

    Listed by:

    William James DRE # 01734419 310-600-9858,

    Lyon Stahl Investment Real Estate, Inc. 310-425-9838,

    Peter James DRE # 01748556 310-467-7581,

    Lyon Stahl Investment Real Estate, Inc.

    Source: CLAW,MLS#: 25535041MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 4023-4027 W 28th St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 20
    Heating
    • Wall
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Refrigerator, Range/Oven, Gas Water Heater
    • Laundry: Laundry Area
    Features
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 14,650
    • Total interior livable area: 14,650 sqft

    Property

    Parking
    • Total spaces: 19
    • Parking features: Assigned
    Features
    • Levels: Multi/Split
    • Stories: 2
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: City
    • Waterfront features: None
    Lot
    • Size: 0.38 Acres
    • Dimensions: 100 x 165
    • Features: 2-4 Lots
    Details
    • Additional structures: None
    • Has additional parcels: Yes
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Mid-Century
    • Property subtype: Multi Family
    Materials
    • Stucco
    Condition
    • Year built: 1959

    Utilities & green energy

    • Sewer: In Street
    • Water: Public

    Community & HOA

    Community
    • Security: Security Lights, Smoke Detector(s), Carbon Monoxide Detector(s)
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $280/sqft
    • Tax assessed value: $1,885,364
    • Date on market: 6/2/2025
    • Total actual rent: 441411
    • Tenant pays: Gas, Electricity
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