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4023 -4027 W 28th Street
USD 4,600,000
Property ID: 25535041
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4023 -4027 W 28th Street ,90018
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icon 16480 SqFt
icon Built in 1959
icon USD 279/SqFt
icon 24 Beds
icon 20 Full
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Location
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Interior Details
Bedrooms
24
Bathrooms
20
Interior Size
14650
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1959
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Detailed Introduction Of This Home
We are pleased to present 40234027 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 6.20% cap rate. The properties currently generate nearly $430,000 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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (12)
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4023 -4027 W 28th Street
USD 4,600,000 24 Beds
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