4023-4027 W 28th St

Los Angeles, CA 90018

$4,100,000
Price
24
Beds
20
Baths
14,650 Sq. Ft.
$280 / Sq. Ft.
14,650
Sq. Ft.
$280
per Sq. Ft.
a view of a building with many windows
a picture of city view with lot of residential buildings
a view of a house with a sink
a view of a building with many windows
a view of a white building with many windows
an aerial view of residential building and parking space
a view of a car park in front of house
a front view of a house with a garden
a car parked in front of a building

Description

We are pleased to present 4023-4027 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...We are pleased to present 4023-4027 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 7.4% cap rate and 9.29 GRM. The properties currently generate nearly $441,000 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.
  1. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 4023-4027 West 28th Street

Water Front
None
Zoning
LAR3
Style
Mid-Century
Cross Streets
W. 28th St and Edgehill Dr.
Property Attached YN
true
Parcel Number
5051004007
Total Units
19.0
Living Area
14650
LISTING UPDATED: 10/30/2025 03:41 PM

Property Details for 4023-4027 West 28th Street

StatusActive
MLS #25535041
Days on Market223
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.38 AC / 16,480 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556
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Building Information for 4023-4027 West 28th Street

Stories2Residences-Year Built1959Building Size-Lot Size0.38 AC / 16,480 SF

Payment Calculator

$20,260 per month

30 year fixed, 6.28% Interest

Principal and Interest

$20,260

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4023-4027 West 28th Street

Community / Development
Community / Development
  • Number Of Units: 19
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 19
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Exterior Security Lights, Smoke Detector, Carbon Monoxide Detector(s)
  • Direction Faces: South
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • 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: $429,507
  • Net Operating Income: $302,654.00
  • Gross Income: $442,791
  • Cap Rate: 7.00%
  • Gross Rent Multiplier: $9.29
  • Actual Annual Gross Rent: $441,411.00
  • Actual Gross Annual Income: $442,791
  • Actual Rent Total: $441,411.00
  • Financial Info as Of: 06/24/2025
  • Vacancy Allow Dollar: $13,284.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 126853
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: Yes
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.3796
  • Lot Size Square Feet: 16480
  • Lot Size Dimensions: 100x165
  • Source Lot Size Dimensions: Assessor
  • Lot Description: 2-4 Lots
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 19
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window
  • Cooling Type: Wall/Window
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Construction MVO: Frame and Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-02-2025
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,899.00
  • Unit Actual Rent: $26,585.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 14
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,314.00
  • Unit Actual Rent: $9,255.00
  • Unit Projected Rent: $9,600.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $945.00
  • Unit Actual Rent: $945.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $565,782.00
  • Assessed Improvement Percent: 30.01
  • Assessed Land Value: $1,319,582.00
  • Assessed Land Percent: 69.99
  • Assessed Total Value: $1,885,364.00

Property History for 4023-4027 West 28th Street

DateEvent & SourcePriceAppreciation
Jul 7, 2025

Price Change

CLAW #25535041

$4,100,000—
Jul 7, 2025

Price Change

CRMLS #25535041

$4,100,000—
Jun 20, 2025

Price Change

CLAW #25535041

$4,300,000—
Jun 20, 2025

Price Change

CRMLS #25535041

$4,300,000—
May 6, 2025

Listed (Active)

CRMLS #25535041

$4,600,000—
May 6, 2025

Listed (Active)

CLAW #25535041

$4,600,000—
DateEvent & SourcePrice
07/07/2025

Price Change

CLAW #25535041

$4,100,000
07/07/2025

Price Change

CRMLS #25535041

$4,100,000
06/20/2025

Price Change

CLAW #25535041

$4,300,000
06/20/2025

Price Change

CRMLS #25535041

$4,300,000
05/06/2025

Listed (Active)

CRMLS #25535041

$4,600,000
05/06/2025

Listed (Active)

CLAW #25535041

$4,600,000

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

Schools near 4023-4027 West 28th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Sixth Avenue Elementary School
Public - K to 5
Johnnie Cochran, Jr., Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
ISANA Nascent Academy
Charter - K to 8
Rating
School
Distance
Sixth Avenue Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK to 8

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 4023-4027 West 28th Street, Los Angeles, CA 90018

4023-4027 West 28th Street is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on May 6, 2025 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $4,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Sixth Avenue Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 4023-4027 West 28th Street is a 24-bed, 20-bath, 14,650 sqft multi-family home built in 1959.

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 Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419; Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556

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.