1023 E 28th St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $11,961/month
About This Home
We are pleased to present this turnkey 7-unit apartment community located at 1023 E 28th St, less than 10 minutes away from Downtown Los Angeles, offered at a 10.48 GRM and 6.67% CAP on current rents with upside potential to achieve an 8.40% CAP and 8.76 GRM with proforma rents. This opportunity consists of two separate two-story buildings offering a total of 5,196 rentable square feet. The front triplex is new 2025 construction and the rear four unit was built in 1962, with two renovated units, which sit on a 7,501 square foot LARD1.5 zoned lot with six on-site parking spaces. The unit mix consists of one (1) three bedroom one-bathroom unit, four (4) two bedroom one-bathroom units and two (2) one bedroom one-bathroom units. Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.
Co-Listing Agent
Vincent Cook
Kidder Mathews of California, Inc License #02012324
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,501 Sq Ft Lot
- Gated Home
Interior Spaces
- 5,196 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 13 Bedrooms
- 7 Bathrooms
Parking
- 6 Parking Spaces
- Auto Driveway Gate
Listing and Financial Details
- Assessor Parcel Number 5128-023-030
Community Details
Overview
- 3 Buildings
- 7 Units
Building Details
- Rent Control
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,045 | $961,860 | $803,760 | $158,100 |
| 2024 | $11,045 | $876,000 | $726,000 | $150,000 |
| 2023 | $10,611 | $840,000 | $560,000 | $280,000 |
| 2022 | $9,754 | $791,520 | $469,200 | $322,320 |
| 2021 | $9,627 | $776,000 | $460,000 | $316,000 |
| 2020 | $9,680 | $764,694 | $452,574 | $312,120 |
| 2019 | $9,307 | $749,700 | $443,700 | $306,000 |
| 2018 | $8,091 | $642,600 | $357,000 | $285,600 |
| 2016 | $3,998 | $305,309 | $120,487 | $184,822 |
| 2015 | $3,944 | $300,724 | $118,678 | $182,046 |
| 2014 | $3,984 | $294,834 | $116,354 | $178,480 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/09/2025 12/09/25 | For Sale | $2,099,000 | 0.0% | $404 / Sq Ft | |
| 04/13/2020 04/13/20 | Rented | $1,600 | 0.0% | -- | |
| 02/26/2020 02/26/20 | For Rent | $1,600 | -20.0% | -- | |
| 10/23/2019 10/23/19 | Rented | $2,000 | 0.0% | -- | |
| 10/21/2019 10/21/19 | Under Contract | -- | -- | -- | |
| 10/07/2019 10/07/19 | For Rent | $2,000 | 0.0% | -- | |
| 02/26/2018 02/26/18 | Sold | $735,000 | +6.5% | $260 / Sq Ft | View Prior Sale |
| 01/18/2018 01/18/18 | Pending | -- | -- | -- | |
| 01/10/2018 01/10/18 | For Sale | $690,000 | +9.5% | $244 / Sq Ft | |
| 05/10/2017 05/10/17 | Sold | $630,000 | +5.0% | $223 / Sq Ft | View Prior Sale |
| 04/19/2017 04/19/17 | Pending | -- | -- | -- | |
| 04/05/2017 04/05/17 | For Sale | $600,000 | -- | $212 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Chicago Title | |
| Grant Deed | $677,601 | None Listed On Document | |
| Trustee Deed | $673,641 | Title365 | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $735,000 | Stewart Title | |
| Grant Deed | $630,000 | Lawyers Title | |
| Grant Deed | $550,000 | None Available | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $200,000 | Investors Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,172,270 | New Conventional | |
| Previous Owner | $533,611 | New Conventional | |
| Previous Owner | $588,000 | New Conventional | |
| Previous Owner | $400,000 | Purchase Money Mortgage | |
| Previous Owner | $1,365,000 | Purchase Money Mortgage | |
| Previous Owner | $160,000 | No Value Available |
Source: The MLS
MLS Number: 25627081
APN: 5128-023-030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 1047 E 33rd St
- 2509 Naomi Ave
- 851 E 32nd St
- 3215 Boaz St
- 2512 Stanford Ave
- 956 E 24th St
- 1026 E 23rd St
- 834 E 33rd St
- 1217 E 22nd St
- 1348 E 21st St
- 1343 E 21st St
- 634 E Adams Blvd
- 717 E 24th St
- 953 E 22nd St
- 1426 E 21st St Unit 1
- 1364 E 20th St
- 2705 Trinity St
- 2500 Trinity St
- 917 E 40th Place
- 613 E 25th St
- 2811 S Central Ave
- 1012 E Adams Blvd Unit 2
- 1164 E Adams Blvd
- 1348 E 23rd St
- 1002 E 33rd St Unit 3
- 753 1/2 E Adams Blvd
- 1207 E 23rd St Unit 1/2
- 1265 E Adams Blvd
- 960 E Jefferson Blvd
- 1134 E 35th St
- 731 E 33rd St Unit 733
- 731 E 33rd St
- 731 E 33rd St Unit 1/2
- 632 E Adams Blvd
- 1447 E 25th St Unit 1
- 1161 E 40th Place
- 1449 E 25th St
- 1451 E 21st St Unit 2
- 1451 E 21st St Unit 3
- 1432 1/2 E 20th St