4023 -4027 W 28Th Street, Los Angeles, CA 90018 - Berkshire Hathaway HomeServices California Properties
4023 -4027 W 28th Street Los Angeles, CA 90018
$4,100,000 24 beds, 20 baths
14, 650 sqft

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25535041
List price is $4,100,000 Reduced by $200,000 on 7/7/2025
Beds: 24
Baths: 20
None fireplaces
Built in 1959
14,650 sqft
0.38 acres
Lot size: 0.3783
County: Los Angeles
Property style: Mid-Century Modern
Zoning: LAR3
Construction: Stucco
Appliances: Refrigerator
Parking description: Assigned
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C16 - Mid Los Angeles

Last Updated: 7/7/2025

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This listing belongs to the C16 - Mid Los Angeles MLS area

The style of this listing is Mid-Century Modern.
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Lat/Long: 34.031780, -118.329955.
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Listing Agent: William James
Co Listing Agent: Peter James
Lic#: 01234982
Office Name: Mission Viejo

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