3939 W 28th Street, Los Angeles, CA 90018
3939 W 28th Street, Los Angeles, CA 90018
3939 W 28th Street, Los Angeles, CA 90018
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$999,000
Est. payment /mo
8 Beds
3,199 SqFt
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Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 3,199 sqft

Price per Sqft $312

MLS Listing ID CL26669289

Bedrooms 8

HOA Y/N No

Year Built 1922

Lot Size 8,545 Sqft

Acres 0.2

Property Sub-Type OTHER

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

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Total Parking Spaces 4

Building

New Construction No

Others

Tax ID 5051015013


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Bridge MLS
Listed by Benjamin J. Hsiang • Realty Investment Advisors, Inc.

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3939 W 28th Street