4023-4027 W 28th St - Apartments FOR SALE


Los Angeles, CA 90018- West Adams
$4,600,000 USD
310-600-9858
4023-4027 W 28th St, Los Angeles, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/14
null | 6.2% Cap Rate

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


HIGHLIGHTS

  • Located in a prime West Adams location just east of Crenshw Blvd surrounded by trendy restaurants, shopping and nightlife
  • Property consists of two adjacent buildings totaling 19 units
  • No on-site manager required
  • Great cash flow opportunity offered at a 6.20% cap rate and 10.72 GRM allowing a new buyer excellent leverage
  • Well maintained asset with little deferred maintenance. Most units have been updated

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

19

PRICE/UNIT

$242,105

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,557 SF

ZONING

LAR3

APN/PARCEL ID

5051-004-007,5051-004-027

ASK ABOUT THIS PROPERTY

Will JamesLyon Stahl Investment Real EstateMore Info
310-600-9858

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Will JamesLyon Stahl Investment Real EstateMore Info
310-600-9858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.