4023 /4027 W 28th St, Los Angeles, CA 90018
$4,600,000
Overview
4023 /4027 W 28th St, Los Angeles
Description
We are pleased to present 40234027 W. 28th Street, a 19-unit multifamily opportunity located in the heart of West Adams. The offering comprises two adjacent apartment buildings situated on separate parcels, totaling 19 units across approximately 14, 650 square feet.
The unit mix includes four (2-bedroom, 1-bath), fourteen (1-bedroom, 1-bath), and one (2-bedroom, 2-bath + den) units. Combined, the parcels span approximately 16, 480 square feet and are zoned LAR3.This investment is being offered at an attractive 6.20% cap rate. The properties currently generate nearly $430, 000 in gross annual income, with an additional $70, 000 in potential rental upside.
The strong existing cash flow supports the opportunity to leverage high loan-to-value financing while preserving consistent income. West Adams continues to experience significant growth and revitalization. Ongoing development and planned improvements along West Adams Boulevard enhance the long-term value and stability of this asset, making it a compelling investment in a rapidly evolving submarket.
our (2-bedroom, 1-bath), fourteen (1-bedroom, 1-bath), and one (2-bedroom, 2-bath + den) units. Combined, the parcels span approximately 16, 480 square feet and are zoned LAR3.This investment is being offered at an attractive 6.20% cap rate. The properties currently generate nearly $430, 000 in gross annual income, with an additional $70, 000 in potential rental upside.
The strong existing cash flow supports the opportunity to leverage high loan-to-value financing while preserving consistent income. West Adams continues to experience significant growth and revitalization. Ongoing development and planned improvements along West Adams Boulevard enhance the long-term value and stability of this asset, making it a compelling investment in a rapidly evolving submarket.
