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.
For sale
Price cut: $200K (7/7)
$4,100,000
4023-4027 W 28th St, Los Angeles, CA 90018
24beds
20baths
14,650sqft
Est.:
Multi Family
Built in 1959
-- sqft lot
$3,941,100 Zestimate®
$280/sqft
$-- HOA
What's special
- 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#: 25535041

Travel times
Tour with a buyer's agent
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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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