1029 E 28th Street, Los Angeles, CA 90011

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
1029 E 28th Street,Los Angeles, CA 90011
$850,000
  • 17 Beds
  • 7 Baths
  • 5,044 sq. ft.
  • Multi-family
  • Active
Listed by: melissa urena, rick warner
Office: real broker619-663-8680
MLS#:26853639
Source:CRMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$168.52

About this home

Value-Add 5-Unit Multifamily Investment Near Downtown Los Angeles. Excellent opportunity to acquire a value-add 5-unit apartment building located just minutes from Downtown Los Angeles. This income-producing asset features a desirable unit mix consisting of four (4) spacious 3-bedroom, 1-bath units and one (1) oversized 5-bedroom, 2-bath unit, offering strong appeal to tenants seeking larger living spaces. The property is currently generating actual rental income with a Gross Operating Income (GOI) of $108,513, a GRM of 7.8, and a 6.9% CAP rate based on current operations. Annual operating expenses total $49,831. While the property requires repairs and improvements, it presents an outstanding value-add opportunity for investors looking to enhance the asset through renovations, operational efficiencies, and long-term appreciation. The large unit configuration and proximity to Downtown Los Angeles provide a solid foundation for future upside. Submit offers subject to inspection. Do not...

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Home facts

  • Year built:1955
  • Listing ID #:26853639
  • Added:1 day(s) ago
  • Updated:July 07, 2026 at 06:57 PM

Rooms and interior

  • Bedrooms:17
  • Total bathrooms:7
  • Living area:5,044 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1955
  • Building area:5,044 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$168.52

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:5
  • Parking description:Driveway
Based on information from California Regional Multiple Listing Service, Inc. as of July 7, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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