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1023 E 28th St
Los Angeles, CA 90011 Southeast Los Angeles

$1,849,000 USD

Apartments For Sale  •  5,196 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,196 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1962
  • Zoning LARD1.5
80 Transit Score
80 Walk Score

Highlights

3 Newly Constructed Units (2026 Cert. of Occupancy) Exempt from Rent Control
Operationally Efficient Measures Installed to Reduce Expenses, Including Solar Panels, Individual Water Heaters, Separate Meters, All Electric Systems
Potential to Capture Add'l Revenue through Parking Income and Storage Unit Conversion to Onsite Laundry
New Roof and Electrical Panels (Main and Sub) Installed on the 1962 Building
Market Cap Rate Potential 9.57% / Market GRM Potential 7.51
Dynamic, Rapidly Evolving Los Angeles Submarket

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.1 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 3.5 mi
Transit/SubwayDriveWalkDistance
San Pedro Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 25 min - 16.2 mi
Bob Hope 30 min - 20.5 mi
Long Beach (Daugherty Field) 31 min - 21.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Robert Stepp 310-463-2916 Stepp Commercial - KWPE
Robert Stepp 310-463-2916 Stepp Commercial - KWPE