933 E 28th St - Multi-Family FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles | 
$850,000 USD
310-562-9630
933 E 28th St, Los Angeles, CA for Sale
$850,000 USD
Multi-Family - FOR SALE
1/27
null | 10.2% Cap Rate

933 E 28th St
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • The detached 2 story 4Br+ 2.5ba home is a whopping 1,537 SF and has it’s own yard space!
  • The fourplex units are a total of 2,880 SF, and all 2 and 3 bedroom units. They average 720 SF.
  • Just passed SCEP (Systematic Code Enforcement Program) in September 2026!
  • Over $4,190/mo in current rental income - not including vacant units. Existing tenants are stable and paying.
  • 11 open parking spaces currently leased to tenants on separate parking leases, which are generally not subject to rent control (Buyer to verify).

OVERVIEW

Offered is a value add South Central property consisting of a vacant 1,500 SF house and quadruplex with 1 vacant unit. The house is in need of a full gut renovation and reconfiguration, ideal for a Jr. ADU conversion. The vacant unit in the 4plex is also in need of remodeling. Once rented, the owner will have 2 (or 3!) units at market rent, with significant upside in the legacy tenants. Located on a corner lot with 2 curb cuts, there are 11 open parking spaces currently leased by the tenants on separate parking leases. The property will be sold with a recently passed SCEP Inspection, which is always appreciated by Buyers. At under $200/SF and operating with all 2-4 bedroom units, this is an incredible deal at an affordable price point with huge upside. Located directly across from the YMCA and a church, and minutes from the USC and the vibrant Exposition Park district, home to famous venues including BMO Stadium and Los Angeles Memorial Coliseum. Residents and tenants also benefit from immediate access to major cultural institutions such as the Natural History Museum of Los Angeles County and the California Science Center. This is a compelling value-add opportunity in a high-demand rental submarket, with multiple pathways for income growth through renovation, repositioning, and future development.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

5

PRICE/UNIT

$170,000

CAP RATE

10.2%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VACANT House & Quadruplex w/ 1 VACANT Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,494 SF

ZONING

LARD2-1

APN/PARCEL ID

5128-023-025

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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