1013 E 28th Street, Los Angeles, CA 90011

• 4,352 sqft

Property 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.

Listing Status:

Active

Date Added:

April 20, 2026

Data Last Updated:

May 1, 2026 at 7:06PM

Listing Office:

Keller Williams Beverly Hills : 310-432-6400

Listing Agent:

Eliza Kerndian : 310-924-7244

MLS ID:

CL26751091

Interior

• Heating: Wall Furnace

Location

• County: Los Angeles

Lot

• Zoning: LARD1.55128023028