1023 E 28th St

Los Angeles, CA 90011

$2,099,000
Price
13
Beds
7
Baths
5,196 Sq. Ft.
$404 / Sq. Ft.
5,196
Sq. Ft.
$404
per Sq. Ft.
a view of house with outdoor space and sitting space
a large building with a clock tower in the middle
a view of kitchen with wooden floor
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a bathroom with a toilet a sink and bathtub
an aerial view of a house with a yard
a view of a house with a garage
a view of a house with a street
a view of a city with tall buildings
a view of a house with outdoor space and sitting area
an aerial view of a house with a garden
an aerial view of residential houses with outdoor space
an aerial view of residential houses with outdoor space
an aerial view of a house with a yard
an aerial view of a house with a outdoor space
an aerial view of a city
an aerial view of residential houses with outdoor space
an aerial view of a house with a yard
an aerial view of residential houses with outdoor space
a bathroom with a toilet a sink and bathtub
a bathroom with a bathtub
a view of an empty room with wooden floor and a window
a view of a hallway with wooden floor and entryway
a bathroom with a toilet a sink and mirror

Description

We are pleased to present this turnkey 7-unit apartment community located at 1023 E 28th St, less than 10 minutes away from Downtown Los Angeles, offered at a 10.48 GRM and 6.67% CAP on current rents with upside potential to achieve an 8.40% CAP and 8.76 GRM with proforma rents. This opportunity consists of two separate two-story buildings offering a total of 5,196 rentable square feet. The front triplex is new 2025 construction and the rear four unit was built in 1962, with two renovated units,...We are pleased to present this turnkey 7-unit apartment community located at 1023 E 28th St, less than 10 minutes away from Downtown Los Angeles, offered at a 10.48 GRM and 6.67% CAP on current rents with upside potential to achieve an 8.40% CAP and 8.76 GRM with proforma rents. This opportunity consists of two separate two-story buildings offering a total of 5,196 rentable square feet. The front triplex is new 2025 construction and the rear four unit was built in 1962, with two renovated units, which sit on a 7,501 square foot LARD1.5 zoned lot with six on-site parking spaces. The unit mix consists of one (1) three bedroom one-bathroom unit, four (4) two bedroom one-bathroom units and two (2) one bedroom one-bathroom units. Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
  2. Listed by Vincent Cook • DRE #02012324 • Kidder Mathews of California, Inc

Property Details for 1023 East 28th Street

Zoning
LARD1.5
Property Attached YN
true
Parcel Number
5128023030
Total Units
7.0
Living Area
5196
Source Living Area
Other
Area
Downtown L.A. (C42)
Vacancy Rate
6,01
LISTING UPDATED: 12/10/2025 06:11 AM

Property Details for 1023 East 28th Street

StatusActive
MLS #25627081
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,501 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650; Kidder Mathews of California, Inc, Vincent Cook, DRE #02012324
Add your commute

Building Information for 1023 East 28th Street

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,501 SF

Payment Calculator

$11,372 per month

30 year fixed, 6.28% Interest

Principal and Interest

$10,372

Property Taxes

$1,000

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1023 East 28th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Apartment
  • Security Features: Gated
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $194,365
  • Net Operating Income: $139,953.00
  • Gross Income: $200,376
  • Cap Rate: 6.67%
  • Gross Rent Multiplier: $10.48
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 54412
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7501
  • Lot Description: Single Lot
Parking Details
Parking Details
  • Parking Garage: Driveway Gate
  • Total Parking: 6
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-10-2025
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,887.00
  • Unit Actual Rent: $2,887.00
  • Unit Projected Rent: $2,887.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,887.00
  • Unit Actual Rent: $2,887.00
  • Unit Projected Rent: $2,887.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,195.00
  • Unit Actual Rent: $2,195.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $767.00
  • Unit Actual Rent: $767.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,147.00
  • Unit Actual Rent: $3,147.00
  • Unit Projected Rent: $3,147.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,065.00
  • Unit Actual Rent: $1,065.00
  • Unit Projected Rent: $2,887.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $158,100.00
  • Assessed Improvement Percent: 16.44
  • Assessed Land Value: $803,760.00
  • Assessed Land Percent: 83.56
  • Assessed Total Value: $961,860.00
  • Private Transfer Taxes: No

Property History for 1023 East 28th Street

DateEvent & SourcePriceAppreciation
Dec 9, 2025

Listed (Active)

CLAW #25627081

$2,099,000—
Dec 9, 2025

Listed (Active)

CRMLS #25627081

$2,099,000—
Nov 24, 2025

Withdrawn / Cancelled

CRMLS #OC25225401

$2,199,000—
Nov 24, 2025

Withdrawn / Cancelled

CLAW #OC25225401MR

—
Sep 29, 2025

Listed (Active)

CRMLS #OC25225401

$2,199,000—
Sep 29, 2025

Listed (Active)

CLAW #OC25225401MR

$2,199,000—
Jun 26, 2023

Sold (Public Record)

Public Record #1515586415

$678,000

-1.5% / yr

Mar 13, 2020

Withdrawn / Cancelled

CRMLS #20544922

$949,000—
Mar 13, 2020

Withdrawn / Cancelled

CLAW #20-544922

$949,000—
Feb 20, 2020

Listed (Active)

CRMLS #20544922

—
Feb 20, 2020

Listed (Active)

CLAW #20-544922

$949,000—
Feb 14, 2020

Withdrawn / Cancelled

CRMLS #20544922

—
Feb 14, 2020

Withdrawn / Cancelled

CLAW #20-544922

$949,000—
Jan 17, 2020

Listed (Active)

CRMLS #20544922

$949,000—
Jan 17, 2020

Listed (Active)

CLAW #20-544922

$949,000—
Feb 26, 2018

Sold

SDMLS #18302130

$735,000—
Feb 26, 2018

Sold

CLAW #18-302130

$735,000—
Feb 26, 2018

Sold

CRMLS #18302130

$735,000—
Feb 12, 2018

Sold (Public Record)

Public Record #616706546

$735,000

+21.7% / yr

Jan 18, 2018

Pending

CRMLS #18302130

—
Jan 18, 2018

Pending

CLAW #18-302130

—
Jan 10, 2018

Listed (Active)

CRMLS #18302130

$690,000—
Jan 10, 2018

Listed (Active)

SDMLS #18302130

$690,000—
Jan 10, 2018

Listed (Active)

CLAW #18-302130

$690,000—
May 10, 2017

Sold

SDMLS #17218120

$630,000—
May 10, 2017

Sold

CRMLS #17218120

$630,000—
May 10, 2017

Sold

CLAW #17-218120

$630,000—
May 1, 2017

Sold (Public Record)

Public Record #594050441

$630,000

+16.5% / yr

Apr 19, 2017

Pending

CLAW #17-218120

—
Apr 19, 2017

Pending

CRMLS #17218120

—
Apr 5, 2017

Listed (Active)

SDMLS #17218120

$600,000—
Apr 5, 2017

Listed (Active)

CRMLS #17218120

$600,000—
Apr 5, 2017

Listed (Active)

CLAW #17-218120

$600,000—
Jun 10, 2016

Sold (Public Record)

Public Record #574760944

$550,000—
DateEvent & SourcePrice
12/09/2025

Listed (Active)

CLAW #25627081

$2,099,000
12/09/2025

Listed (Active)

CRMLS #25627081

$2,099,000
11/24/2025

Withdrawn / Cancelled

CRMLS #OC25225401

$2,199,000
11/24/2025

Withdrawn / Cancelled

CLAW #OC25225401MR

—
09/29/2025

Listed (Active)

CRMLS #OC25225401

$2,199,000
09/29/2025

Listed (Active)

CLAW #OC25225401MR

$2,199,000
06/26/2023

Sold (Public Record)

Public Record #1515586415

$678,000

-1.5% / yr

03/13/2020

Withdrawn / Cancelled

CRMLS #20544922

$949,000
03/13/2020

Withdrawn / Cancelled

CLAW #20-544922

$949,000
02/20/2020

Listed (Active)

CRMLS #20544922

—
02/20/2020

Listed (Active)

CLAW #20-544922

$949,000
02/14/2020

Withdrawn / Cancelled

CRMLS #20544922

—
02/14/2020

Withdrawn / Cancelled

CLAW #20-544922

$949,000
01/17/2020

Listed (Active)

CRMLS #20544922

$949,000
01/17/2020

Listed (Active)

CLAW #20-544922

$949,000
02/26/2018

Sold

SDMLS #18302130

$735,000
02/26/2018

Sold

CLAW #18-302130

$735,000
02/26/2018

Sold

CRMLS #18302130

$735,000
02/12/2018

Sold (Public Record)

Public Record #616706546

$735,000

+21.7% / yr

01/18/2018

Pending

CRMLS #18302130

—
01/18/2018

Pending

CLAW #18-302130

—
01/10/2018

Listed (Active)

CRMLS #18302130

$690,000
01/10/2018

Listed (Active)

SDMLS #18302130

$690,000
01/10/2018

Listed (Active)

CLAW #18-302130

$690,000
05/10/2017

Sold

SDMLS #17218120

$630,000
05/10/2017

Sold

CRMLS #17218120

$630,000
05/10/2017

Sold

CLAW #17-218120

$630,000
05/01/2017

Sold (Public Record)

Public Record #594050441

$630,000

+16.5% / yr

04/19/2017

Pending

CLAW #17-218120

—
04/19/2017

Pending

CRMLS #17218120

—
04/05/2017

Listed (Active)

SDMLS #17218120

$600,000
04/05/2017

Listed (Active)

CRMLS #17218120

$600,000
04/05/2017

Listed (Active)

CLAW #17-218120

$600,000
06/10/2016

Sold (Public Record)

Public Record #574760944

$550,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1023 East 28th Street

Taxable ValueLand$803,760Additions$158,100Total$961,860
Tax Record2025$12,003 ($1,000 / month)
Home Facts
Total Finished SqFt2,825 SqFtAbove Grade Finished SqFt2,825 SqFtLot Size7,499 SqFtStyleQuadraplexYear Built1962ZoningLARD1.5CountyLOS ANGELESAPN5128-023-030

Schools near 1023 East 28th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Twenty-Eighth Street Elementary School
Public - K to 5
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public - 6 to 8
Nava College Preparatory Academy
Public - 9 to 12
Santee Education Complex
Public - 9 to 12
Rating
School
Distance
Twenty-Eighth Street Elementary School
PublicK to 5

Dr. Julian Nava Learning Academies-School Of Business And Technology
Public6 to 8

Nava College Preparatory Academy
Public9 to 12

Santee Education Complex
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1023 East 28th Street, Los Angeles, CA 90011

1023 East 28th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on December 9, 2025 by Kidder Mathews of California, Inc., it's currently listed at $2,099,000. It has been on the market for a total of 3 days and was last sold on June 26, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Twenty-Eighth Street Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Nava College Preparatory Academy. 1023 East 28th Street is a 13-bed, 7-bath, 5,196 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650; Kidder Mathews of California, Inc, Vincent Cook, DRE #02012324

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.