1128 East 28th Street

Los Angeles, CA 90011

$2,695,000
Price
18
Beds
12
Baths
6,378 Sq. Ft.
$423 / Sq. Ft.
6,378
Sq. Ft.
$423
per Sq. Ft.

Description

A brand new 2023 construction NON RENT CONTROLLED four unit in South Los Angeles. This property is made up of two huge 5 bed/3 bath units & two 4 bed/3 bath unit. With ALL UNITS rented already, it boasts a 6.00% cap rate!A brand new 2023 construction NON RENT CONTROLLED four unit in South Los Angeles. This property is made up of two huge 5 bed/3 bath units & two 4 bed/3 bath unit. With ALL UNITS rented already, it boasts a 6.00% cap rate!
  1. Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property

Property Details for 1128 East 28th Street

Zoning
LARD2
Parcel Number
5119014001
Total Units
4.0
Living Area
6378
Source Living Area
Builder
Area
Downtown L.A. (C42)
Vacancy Rate
Occupied
Lot Size Area
6401

Location

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
Add your commute
LISTING UPDATED: 05/20/2024 02:53 PM

Property Details for 1128 East 28th Street

StatusActive
MLS #24-383567
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.15 AC / 6,401 SF
CountyLos Angeles County

Location

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
Add your commute

Building Information for 1128 East 28th Street

Stories2Residences-Year Built2023Building Size-Lot Size0.15 AC / 6,401 SF

Payment Calculator

$15,354 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,708

Property Taxes

$646

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1128 East 28th Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Seller
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Property Condition: New Construction
  • Water: Public
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $196,800
  • Net Operating Income: $159,000.00
  • Gross Income: $196,800
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $13.46
  • Total Annual Expense: 37830
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1469
  • Lot Size Square Feet: 6401
  • Lot Size Dimensions: 40x162
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 8
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Refrigerator
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-23-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,400.00
  • Unit Actual Rent: $4,400.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,400.00
  • Unit Actual Rent: $4,400.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 1128 East 28th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1128 East 28th Street

Taxable ValueLand$492,000Additions$123,000Total$615,000
Tax Record2023$7,757 ($646 / month)
Home Facts
Beds4Total Finished SqFt1,924 SqFtAbove Grade Finished SqFt1,924 SqFtStories1Lot Size6,404 SqFtStyleSingle Family ResidenceYear Built1966ZoningLARD2CountyLOS ANGELESAPN5119-014-001

Schools near 1128 East 28th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Nevin Avenue Elementary School
PublicK to 5

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.

Similar Homes

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1128 East 28th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on April 23, 2024 by On Track Property, it's currently listed at $2,695,000. It has been on the market for a total of 31 days and was last sold on September 8, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Nevin Avenue Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Nava College Preparatory Academy. 1128 East 28th Street is a 18-bed, 12-bath, 6,378 sqft multi-family home built in 2023.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489

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.