Shelle Kirk
View Heights Properties
(562) 414-6134
23 Total Sales
1 in Historic South Central
$940,000 Price
1029 E 28th St Los Angeles, CA 90011
Historic South Central Neighborhood
17
Beds
7
Baths
5,044
Sq Ft
7,500
Sq Ft Lot
About This Home
As of August 2026Value-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.
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Historic South Central, CA
-
Shelle Kirk
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
258 Total Sales
3 in Historic South Central
$795K - $960K Price Range
-
Samuel Mikhail
Samuel Mikhail
The New City Realty
(562) 526-0349
37 Total Sales
1 in Historic South Central
$900,000 Price
-
Albert Marin
Albert Marin
Re/Max Top Producers
(951) 456-4305
66 Total Sales
1 in Historic South Central
$655,000 Price
-
Downey Chong
Downey Chong
Choice 100 Realty, Inc.
(213) 468-0129
10 Total Sales
1 in Historic South Central
$1,100,000 Price
-
Maria Guerrero
Maria Guerrero
Y Realty
(424) 552-2340
11 Total Sales
1 in Historic South Central
$427,000 Price
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 |
|---|---|---|---|---|
| 08/13/2026 08/13/26 | Sold | $885,000 | +4.1% | $175 / Sq Ft |
| 07/20/2026 07/20/26 | Pending | -- | -- | -- |
| 06/29/2026 06/29/26 | For Sale | $850,000 | -- | $169 / Sq Ft |
Source: The MLS
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 |
|---|---|---|---|---|
| 2026 | $6,405 | $452,027 | $168,754 | $283,273 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Urena
Seller's Agent in 2026
Melissa Urena
Real Broker
(562) 287-4944
1 in this area
124 Total Sales
-
Rick Warner
Seller Co-Listing Agent in 2026
Rick Warner
Vanguard Properties
(415) 302-6348
1 in this area
92 Total Sales
-
miriam carter
Buyer's Agent in 2026
miriam carter
Coldwell Banker Envision
(213) 393-9923
3 in this area
43 Total Sales
Map
Source: The MLS
MLS Number: 26853639
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.
© 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.
Nearby Homes
- 1023 E 28th St
- 927 E 28th St
- 1009 E 29th St
- 925 E 32nd St
- 823 E Adams Blvd
- 1237 E 28th St
- 805 E 25th St
- 1164 E 34th St
- 834 E 33rd St
- 1208 E 34th St
- 746 E 32nd St
- 964 E Jefferson Blvd
- 1223 E 35th St
- 3415 Mckinley Ave
- 724 E 32nd St
- 1472 E 23rd St
- 944 E 22nd St
- 1325 E Adams Blvd
- 1335 E Adams Blvd
- 1343 E 21st St
Your Personal Tour Guide
Ask me questions while you tour the home.