1029 E 28th ST
Los Angeles, CA, 90011
$850,000
17 Beds
7 Baths
5,044 SqFt
0.17 Acres
Add
MLS #26853639 image #0
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
C42 – Downtown L.a.C42downtownla

Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
NO
Heating
WL
Interior Features
CF
Levels
U

Exterior

Parking Spots
5
Parking Total
5

Financial

Gross Operating Income
$108,513
Net Operating Income
$58,682

Map

Community

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.

Similar Listings Nearby

broker reciprocity
MLS# 26855359broker reciprocity
2946 S Western AV
Los Angeles, CA

$1,100,000

3.1 miles away

broker reciprocity
MLS# DW26138317broker reciprocity
2158 W 77th
Los Angeles, CA

$1,100,000

4.8 miles away

broker reciprocity
MLS# PW26131749broker reciprocity
5914 S Hoover
Los Angeles, CA

$1,100,000

2.7 miles away

broker reciprocity
MLS# DW26126562broker reciprocity
330 1/2 E 99th
Los Angeles, CA

$1,100,000

5.0 miles away

broker reciprocity
MLS# SR26114507broker reciprocity
1457 W 25th
Los Angeles, CA

$1,100,000

2.4 miles away

broker reciprocity
MLS# MB26101120broker reciprocity
6245 State
Huntington Park, CA

$1,100,000

3.5 miles away

broker reciprocity
MLS# OC26098683broker reciprocity
5334 S Victoria
Los Angeles, CA

$1,100,000

4.6 miles away

broker reciprocity
MLS# CV26102679broker reciprocity
1244 W Martin Luther King Jr
Los Angeles, CA

$1,100,000

2.4 miles away

broker reciprocity
MLS# 26807875broker reciprocity
2720 W 54TH ST
Los Angeles, CA

$1,100,000

4.2 miles away

broker reciprocity
MLS# DW26075534broker reciprocity
4915 2nd
Los Angeles, CA

$1,100,000

3.9 miles away

1029 E 28th ST
Los Angeles, CA