1029 E 28th St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $5,099/month
About This Home
Value-Add 5-Unit Multifamily Investment Near Downtown Los Angeles. Excellent opportunity to acquire a value-add 5-unit apartment building located just minutes from Downtown Los Angeles. This income-producing asset features a desirable unit mix consisting of four (4) spacious 3-bedroom, 1-bath units and one (1) oversized 5-bedroom, 2-bath unit, offering strong appeal to tenants seeking larger living spaces. The property is currently generating actual rental income with a Gross Operating Income (GOI) of $108,513, a GRM of 7.8, and a 6.9% CAP rate based on current operations. Annual operating expenses total $49,831. While the property requires repairs and improvements, it presents an outstanding value-add opportunity for investors looking to enhance the asset through renovations, operational efficiencies, and long-term appreciation. The large unit configuration and proximity to Downtown Los Angeles provide a solid foundation for future upside. Submit offers subject to inspection. Do not disturb occupants.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Interior Spaces
- 5,044 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 17 Bedrooms
- 7 Bathrooms
Parking
- 5 Parking Spaces
- Driveway
Additional Features
- 7,500 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 5128-023-031
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,405 | $443,165 | $165,446 | $277,719 |
| 2024 | $6,302 | $434,476 | $162,202 | $272,274 |
| 2023 | $6,199 | $425,958 | $159,022 | $266,936 |
| 2022 | $5,947 | $417,606 | $155,904 | $261,702 |
| 2021 | $5,854 | $409,419 | $152,848 | $256,571 |
| 2020 | $5,899 | $405,222 | $151,281 | $253,941 |
| 2019 | $5,701 | $397,277 | $148,315 | $248,962 |
| 2018 | $5,565 | $389,488 | $145,407 | $244,081 |
| 2016 | $5,243 | $374,365 | $139,761 | $234,604 |
| 2015 | $5,177 | $368,743 | $137,662 | $231,081 |
| 2014 | $5,225 | $361,521 | $134,966 | $226,555 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/29/2026 06/29/26 | For Sale | $850,000 | -- | $169 / Sq Ft |
Source: The MLS
MLS Number: 26853639
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© 2026 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.
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