UNPARARELLELED BRAND NEW FOURPLEX at over 7.5% CAP RATE!! This brand new construction boats two 3-story duplexes boasting 5bed/5bath per unit with attached garage access plus additional spots on site. Make this your first smart investment or the next one. Open floor plans, several master bedrooms in all units, walk-in closets, high ceilings, custom window shades. There are also beautiful quartz countertops in the kitchens and bathrooms with custom decorative backsplash throughout each. Some other features include stainless steel appliances, custom kitchen cabinets, two-toned interior painting, HVAC systems, low voltage led recessed lighting, laundry rooms with washer/dryer, drought tolerant landscaping, automatic fire sprinkler system throughout all units. Rear duplex has a 2-car garage plus 2 tandem parking spots, plenty of parking with decorative pavers throughout the property. All units are individually metered for water, gas, and electricity. Tenants pay all utilities keeping costs low for you! The property includes solar panels that are owned and fully paid off.This is a very low maintenance, turnkey property in a dense and desirable rental market with major job centers nearby such as Downtown Los Angeles, University of Southern California, and the warehouse industrial center just SouthEast of Downtown. Do not miss out on this opportunity!
Property Details
Price:
$2,595,000
MLS #:
25491177
Status:
Active
Baths:
0
Address:
438 E 28th Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Jan 29, 2025
State:
CA
ZIP:
90011
Lot Size:
6,250 sqft / 0.14 acres (approx)
Year Built:
2025
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave
Cooling
Central Air
Flooring
Laminate
Heating
Central
Exterior
Parking Features
Assigned, Attached Carport, Uncovered, Tandem Garage, Side by Side
Parking Spots
8.00
Stories Total
3
Financial
Map
Community
- Address438 E 28th Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
438 E 28th Street
Los Angeles, CA
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