1013 E 28th Street, Los Angeles, CA 90011
List Price: $996K
Listing Status: Active
0Days on Market: 8
12 Bedrooms · 8 Bathrooms · 4,352 sq ft
Property Type: ResidentialIncome
Lot Size: 7,500 sq ft
MLS Number: 26751091
About This Property
Excellent income-producing opportunity near Downtown Los Angeles! This 7-unit property features five existing units plus two newly constructed ADUs. The unit mix includes four 1-bedroom units, two 3-bedroom units, and one 2-bedroom unit, offering strong rental diversity. The property generates a current gross monthly income of $10,330 ($123,960 annually) with over 50% rental upside. One unit can be delivered vacant the brand-new 3-bedroom, 1-bath ADU providing an excellent owner-user opportunity. Offered at $996,000, the property reflects an attractive GRM of 8 and approximately an 8% cap rate, making it ideal for investors seeking strong cash flow. Located near the YMCA, a recognized cultural landmark, with convenient access to Downtown LA, Central Avenue corridors, public transportation, and nearby retail hubs such as FIGat7th. Strong rental demand area with ongoing growth and revitalization. Don't miss this high-performing asset with both immediate income and long-term upside potential.
Listing provided by: Eliza Kerndian DRE #01398836 310-432-6400 elizakerndian@hotmail.com, Keller Williams Beverly Hills
Source: CRMLS, MLS #: 26751091
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.