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 disturb occupants.
Property Details
Price:
$850,000
MLS #:
26853639
Status:
Active
Beds:
17
Baths:
7
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Jul 7, 2026
Finished Sq Ft:
5,044
Total Sq Ft:
5,044
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
1955
See this Listing
Schools
Interior
Cooling
NO
Heating
WL
Interior Features
CF
Levels
U
Exterior
Parking Spots
5
Parking Total
5
Financial
Map
Community
- Address1029 E 28th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Jul 17, 2026
7,415
Single Family Listed
83
Avg DOM
436
Avg $ / SqFt
$1,654,681
Avg List Price
Property Summary
- 1029 E 28th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90011. It is listed for $850,000 and features 17 beds, 7 baths, and has approximately 5,044 square feet of living space, and was originally constructed in 1955. The current price per square foot is $169. The average price per square foot for Single Family listings in Los Angeles is $436. The average listing price for Single Family in Los Angeles is $1,654,681.
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