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%.
Property Details
Price:
$2,199,000
MLS #:
OC25225401
Status:
Active
Beds:
0
Baths:
0
Address:
E 28th Lot 148
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
c42
City:
Los Angeles
Listed Date:
Sep 29, 2025
State:
CA
Total Sq Ft:
5,196
ZIP:
90011
Lot Size:
7,501 sqft / 0.17 acres (approx)
Year Built:
1962
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Interior
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Courtesy of The Associates Realty Group. 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 BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA 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. E 28th Lot 148
Los Angeles, CA
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