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4037 W 28TH Street, Los Angeles, CA 90018

$2,675,000

Number of Units: 12
Type: Multi-Unit Residential
Request Information
Contact broker for marketing package. Bread and butter 12-unit apartment building located in the up and coming area of Los Angeles known as West Adams. Property is located in an opportunity zone which has potential tax advantages. Ownership recently spent close to $300,000 in capital improvements which included the renovation of 6 out of the 12 units to luxurious standards. These units received new plumbing, electrical, windows, kitchen cabinets with quartz counter tops, laminate and tile flooring, stainless steel appliances, renovated bathrooms and new fixtures with designer finishes. Property also received new exterior paint, water saving landscaping, and exterior LED lighting fixtures. Property is separately metered for gas, electricity and on-site laundry room (Seller owns the machines). Priced at under $223,000/unit, $300/S.F., 4.3% CAP and 14.34 x current low rents. Value add opportunity with significant 43% upside in rents. Priced at 10 GRM and 7.1% CAP at market rents
Property Features
Location Information
County: Los Angeles
MLS Area: Mid Los Angeles
Directions: South of W. Adams Blvd, N. of W. Jefferson Blvd, East of Crenshaw Blvd & West of Arlington Ave.
Interior Features
Total Number of Units: 12
Exterior Features
Parking Description: Attached Carport
Lot Size in Acres: 0.19
Approximate Size (Sq. Ft.): 0
Lot Size in Sq. Ft.: 8, 279
Dimensions: 50x165
Zoning: LAR3
Additional Information
Property Type: RI
Year Built: 1956
APN: 5051004011
Status: Active
Is Aged Restricted: No
HOA Fee: 0
Listing Agent CA DRE #: 1501715
Co-Listing Agt CA DRE #: 1996829
List Date: 2020-06-16 00:00:00.0


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Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Agent: Ramin Gheitanchi
Keller Williams Beverly Hills
Based on information from CRISNet MLS as of 2020. 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