1013 E 28th Street, Los Angeles, CA 90011

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ResidentialIncome Active

1013 E 28th Street

$996,000

Overview

Property ID: HZ26751091

12
Bedrooms

8
Bathrooms

4352
Sq Ft

Description

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.