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About This Home
This 12-bedroom, 8-bathroom residential multi family at 1013 E 28th St in Los Angeles, CA is listed for $996,000 ($229 per sqft). the home offers 4,352 sqft of living space on a 0.17 acres lot.
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.
Key Features
- 0.17 acre lot
Property Details
Monthly Cost Estimate
$5,327/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1013 E 28th St
Los Angeles, CA 90011
Questions & Answers
This 12-bedroom, 8-bathroom residential multi family at 1013 E 28th St is listed at $996,000 ($229/sqft). The estimated monthly payment is $4,316 based on 20% down at 6.5% interest.
Key features include: 0.17 acre lot.
This property is listed by Eliza Kerndian and can be reached at 3109247244 or elizakerndian@hotmail.com.
