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.
Property Details
Price:
$4,100,000
MLS #:
25535041
Status:
Active
Beds:
24
Baths:
20
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Dec 31, 2025
Finished Sq Ft:
14,650
Total Sq Ft:
14,650
Lot Size:
16,480 sqft / 0.38 acres (approx)
Year Built:
1959
See this Listing
Schools
Interior
Appliances
RF
Cooling
WW
Heating
WL
Exterior
Architectural Style
MCM
Construction Materials
STC
Parking Spots
19
Security Features
SD, COD
Financial
Map
Community
- Address-4027 W 28th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Feb 22, 2026
7,087
Single Family Listed
77
Avg DOM
503
Avg $ / SqFt
$1,480,073
Avg List Price
Property Summary
- -4027 W 28th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90018. It is listed for $4,100,000 and features 24 beds, 20 baths, and has approximately 14,650 square feet of living space, and was originally constructed in 1959. The current price per square foot is $280. The average price per square foot for Single Family listings in Los Angeles is $503. The average listing price for Single Family in Los Angeles is $1,480,073.
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