3939 W 28th Street, Los Angeles, CA 90018

• 8 beds
• 3,199 sqft

Property Description

We are pleased to present 3939 W. 28th Street, a rare four-unit multifamily opportunity located in the highly desirable West Adams / Jefferson Park neighborhood of Los Angeles. This well-located asset sits on a large 8,542 square foot R3-zoned lot and offers significant upside through both rental repositioning and future redevelopment potential. The property consists of four spacious two-bedroom, one-bathroom units totaling approximately 3,199 square feet. Two units will be delivered vacant at the close of escrow, providing an immediate opportunity for an owner-user to occupy a unit while generating income from the remaining units, or for an investor to renovate and achieve market rents. Each unit benefits from an outdoor deck space, offering tenants a highly desirable indoor-outdoor living experience that is increasingly sought after in the West Adams market. Additionally, the property is equipped with individual gas meters, electricity meters and water heaters for each unit, helping to minimize operational complexity and reduce shared utility expenses. Current rents are significantly below market, with pro forma rents projected at approximately $2,100 per unit, offering a clear path to increased cash flow and a stabilized return of approximately 7.07% on a pro forma basis . The

Listing Status:

Active

Date Added:

March 25, 2026

Data Last Updated:

April 1, 2026 at 10:08PM

Listing Office:

Realty Investment Advisors, Inc. :

Listing Agent:

Benjamin J. Hsiang : 424-377-6001

MLS ID:

CL26669289

Interior

• Heating: Wall Furnace

Exterior

• Parking: AssignedParking spaces: 4

Location

• County: Los Angeles

Lot

• Zoning: LAR35051015013