Property Detail

Description

We are pleased to present this turnkey 7-unit apartment community located at 1023 E 28th St, less than 10 minutes away from Downtown Los Angeles, offered at a 10.48 GRM and 6.67% CAP on current rents with upside potential to achieve an 8.40% CAP and 8.76 GRM with proforma rents. This opportunity consists of two separate two-story buildings offering a total of 5,196 rentable square feet. The front triplex is new 2025 construction and the rear four unit was built in 1962, with two renovated units, which sit on a 7,501 square foot LARD1.5 zoned lot with six on-site parking spaces. The unit mix consists of one (1) three bedroom one-bathroom unit, four (4) two bedroom one-bathroom units and two (2) one bedroom one-bathroom units. Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.