Listing provided courtesy of Andrew Daggett of The Associates Realty Group. Last updated 2025-10-19 08:11:10.000000. Listing information © 2025 Sandicor.
Asking Price: $2,199,000 |
1023 28th, Los Angeles CA 90011
Community: C42 - Downtown L.A.
This Commercial/Residential property was built in 1962 and is priced at $2,199,000. Please see the additional details below.
Investor's Dream – Fully Committed 7-Unit in Prime LA Location! Redeveloped property at 1023 E 28th St featuring 7 total units, with 3 brand-new construction units and 2 fully remodeled units, all with high-quality finishes. Unit mix: (1) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA — an ideal combination for maximizing rent potential and parking available in front and back. This low-maintenance, modern property is built to perform — perfect for investors seeking reliable, immediate cash flow and long-term growth in a rapidly appreciating neighborhood. Value-Add Potential: Opportunity to bring the last two units to full market rent, increasing income and pushing the cap rate to nearly 8%.
