Major Price Improvement! Highly Motivated Seller! Investment Opportunity: 2023 W 28th Street, This 4-unit income property in the highly desirable Historic West Adams neighborhood presents an exceptional investment opportunity. The building, boasting fresh exterior paint (completed just two years ago), offers impressive curb appeal and sits on a beautifully… Read More tree-lined, pride-of-ownership street. The front yard features a sprinkler system with timers for easy maintenance and lush landscaping. Strategically located, this property is just 7 minutes from USC, 10 minutes to Crypto.com Arena and LA Live, 20 minutes to LAX, and minutes from major freeways, providing convenient access to Santa Monica and neighboring cities. Each unit is thoughtfully designed for comfort and convenience, featuring 1 bedroom and 1 bathroom. Two of the upstairs units can easily be transformed into 2-bedroom units with added closets, increasing their appeal and rental potential. The building spans 3,596 square feet on a 6,819 square foot lot, offering ample room for tenants. Additionally, there is significant upside with the possibility of adding an Accessory Dwelling Unit (ADU) above the garage, enhancing rental income potential. Every unit comes with in-unit washer and dryer hookups for added tenant convenience, and each unit is separately metered for utilities. Additionally, each unit includes its own private, covered garage. Seller May Assist with Some Relocation Costs if needed. Please do not disturb tenants. Don't miss out on this great opportunity! Read Less
Property listed by Pacific Playa Realty, Charles Luke 310-256-3040
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,596
Lot Size
0.16 Acres
Year Built
1926
MLS Number
25477021
30 Days Snapshot Of 90018
$1,077k
0%
(avg) sold price
0
-100%
homes sold
98
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Washer
Building
Built in 1926, Building area total: 3,596, Levels: Two, Living area: 3596, 2 stories, 1 building
Cooling
None
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $3,000, Net operating income: $36,000
Lot
0.1566 acres, 6,821 square feet, Size: 6,821
Parking
4 totals parking, Assigned, Garage, Private
Property
Zoning: LAR1, None
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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