3939 W 28th Street, Los Angeles, CA 90018
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
3939 W 28th Street,Los Angeles, CA 90018
$999,000
- 8 Beds
- 4 Baths
- 3,199 sq. ft.
- Multi-family
- Active
Listed by: benjamin j. hsiang, alexander metaxas
Office: realty investment advisors, inc.
MLS#:26669289
Source:CRMLS
Price summary
- Price:$999,000
- Price per sq. ft.:$312.29
About this home
We are pleased to present 3939 W. 28th Street, a rare four-unit multifamily opportunity located in the highly desirable West Adams / Jefferson Park neighborhood of Los Angeles. This well-located asset sits on a large 8,542 square foot R3-zoned lot and offers significant upside through both rental repositioning and future redevelopment potential. The property consists of four spacious two-bedroom, one-bathroom units totaling approximately 3,199 square feet. Two units will be delivered vacant at the close of escrow, providing an immediate opportunity for an owner-user to occupy a unit while generating income from the remaining units, or for an investor to renovate and achieve market rents. Each unit benefits from an outdoor deck space, offering tenants a highly desirable indoor-outdoor living experience that is increasingly sought after in the West Adams market. Additionally, the property is equipped with individual gas meters, electricity meters and water heaters for each unit, helping to minimize operational complexity and reduce shared utility expenses. Current rents are significantly below market, with pro forma rents projected at approximately $2,100 per unit, offering a clear path to increased cash flow and a stabilized return of approximately 7.07% on a pro forma basis . The property also benefits from four on-site parking spaces, a valuable amenity in this supply-constrained rental market. Situated within a TOC Tier 3 designation, the property presents an attractive long-term redevelopment opportunity for investors seeking to capitalize on increased density incentives (buyer to verify). The large lot size and favorable zoning provide flexibility for future expansion or new construction. Additionally, the asset qualifies for residential financing, including 30-year fixed-rate loans, making it accessible to both investors and owner-users. 3939 W. 28th Street represents a unique opportunity to acquire a well-located asset with immediate vacancy upside, strong rental growth potential, and long-term development optionality in one of Los Angeles' most rapidly evolving submarkets....
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Home facts
- Year built:1922
- Listing ID #:26669289
- Added:50 day(s) ago
- Updated:May 15, 2026 at 10:32 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Living area:3,199 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1922
- Building area:3,199 sq. ft.
- Lot area:0.2 Acres
Finances and disclosures
- Price:$999,000
- Price per sq. ft.:$312.29
Parking
- Total parking spaces:4
- Parking description:Assigned
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