We are pleased to present 4023-4027 W. 28th Street, a 19-unit multifamily opportunity located in the heart of West Adams. The offering comprises two adjacent apartment buildings situated on separate parcels, totaling 19 units across approximately 14,650 square feet. The unit mix includes four (2-bedroom, 1-bath), fourteen (1-bedroom, 1-bath), and one (2-bedroom, 2-bath + den) units. Combined, the parcels span approximately 16,480 square feet and are zoned LAR3. This investment is being offered at an attractive 7.4% cap rate and 9.29 GRM. The properties currently generate nearly $441,000 in gross annual income, with an additional $70,000 in potential rental upside. The strong existing cash flow supports the opportunity to leverage high loan-to-value financing while preserving consistent income. West Adams continues to experience significant growth and revitalization. Ongoing development and planned improvements along West Adams Boulevard enhance the long-term value and stability of this asset, making it a compelling investment in a rapidly evolving submarket.
Listed by William James
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License #01734419
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Lyon Stahl Investment Real Estate, Inc.
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310-600-9858
Listed by Peter James
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License #01748556
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Lyon Stahl Investment Real Estate, Inc.
Last updated October 30, 2025
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Source: CRMLS #25535041
Listing Facts
TypeMulti-family
NeighborhoodJefferson Park
Bedrooms24
Days on Prevu220
Size14,650 sqft
Price per sqft$280
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$4,100,000
10/21/2025
Status changed to Removed from Feed
$4,100,000
10/20/2025
Status changed to Active
$4,100,000
10/19/2025
Status changed to Removed from Feed
$4,100,000
10/18/2025
Status changed to Active
$4,100,000
10/16/2025
Status changed to Removed from Feed
$4,100,000
10/04/2025
Status changed to Active
$4,100,000
10/03/2025
Status changed to Removed from Feed
$4,100,000
10/02/2025
Status changed to Active
$4,100,000
10/01/2025
Status changed to Removed from Feed
$4,100,000
09/20/2025
Status changed to Active
$4,100,000
09/19/2025
Status changed to Removed from Feed
$4,100,000
09/18/2025
Status changed to Active
$4,100,000
09/17/2025
Status changed to Removed from Feed
$4,100,000
09/16/2025
Status changed to Active
$4,100,000
09/14/2025
Status changed to Removed from Feed
$4,100,000
09/14/2025
Status changed to Active
$4,100,000
09/12/2025
Status changed to Removed from Feed
$4,100,000
09/12/2025
Status changed to Active
$4,100,000
09/05/2025
Status changed to Removed from Feed
$4,100,000
09/05/2025
Status changed to Active
$4,100,000
09/04/2025
Status changed to Removed from Feed
$4,100,000
09/01/2025
Status changed to Active
$4,100,000
08/28/2025
Status changed to Removed from Feed
$4,100,000
07/07/2025
Price Decreased
$4,100,000
06/28/2025
Status changed to Active
$4,300,000
06/27/2025
Status changed to Removed from Feed
$4,300,000
06/20/2025
Price Decreased
$4,300,000
05/06/2025
Listed by Lyon Stahl Investment Real Estate, Inc.
$4,600,000
Property Details for 4023 -4027 W 28th Street
Exterior
Construction
Number Of Units Total: 19
Property Attached: Yes
Stories Total: 2
Year Built: 1959
Architectural Style: Mid-Century Modern
Common Walls: 1 Common Wall
Construction Materials: Stucco
Features
Direction Faces: South
View: City Lights
Measurements
Building Area Total: 14,650
Lot Dimensions Source: Assessor
Lot Size Acres: 0.37
Lot Size Area: 16,480
Lot Size Dimensions: 100,165
Lot Size Source: Assessor
Lot Size Square Feet: 16,480
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.0
Gross Income: $442,791.00
Taxes
Parcel Number: 5051004007
Interior
Features
Appliances: Refrigerator
Measurements
Living Area: 14,650
Living Area Source: Assessor
Rooms
Bathrooms Total Integer: 20
Bedrooms Total: 24
Parking
Parking
Parking Features: Assigned
Parking Total: 19
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Heating: Wall Furnace
Has Heating: Yes
Sewer: Other
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 24 bedrooms in this multi-family home at 4023 -4027 W 28th Street.
Does this multi-family home have parking?
Yes, there are 19 parking spaces available for 4023 -4027 W 28th Street.
How does 4023 -4027 W 28th Street compare to other multi-family homes in Jefferson Park?
This multi-family home is listed 161% above the average price for multi-family homes in Jefferson Park and has been on the market for 120 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 14,650 sqft.
4023 -4027 W 28th Street is a 24-bedroom multi-family home for sale in Los Angeles CA 90018. Available on Prevu for 220 days at $4,100,000. This includes a recent price decrease of $200,000. This home features 14,650 square feet of living space, located in Jefferson Park. The median listing price for multi-family homes in this area is $1,249,500. Property amenities include parking. View other multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
