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1128 E 28th St, South LA

South LA Fourplex

OFF-MARKET!!! Brand new, 2023 construction NON RENT CONTROLLED fourplex. 100% LEASED at market rents! Delivered with two huge, five bedroom units & two massive 4 bedroom units. Boasts a real 6.16% cap rate and $196,800 in gross annual rents! Easy to maintain CASH COW.

The Important
Details

List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

$/Unit:

Unit Mix:

Opportunity Zone:

Parking:

Other Features:

$2,495,000

Fourplex

Pre-Market

4

2023

6.16%

12.98

$196,800/Year (Pro Forma)

6,378 sqft

5,740 sqft

$391.19

$623,750

2 x 5b/3b, 2 x 4b/3b

No

1 Garage Spot, 5 Exterior Spots
(3 Permitted/2 Bonus)

Non Rent Controlled,
Fully Leased at Market Rents

The Highlights

  • Fully leased at market rents.

  • Real 6.16% cap rate!

  • NO RENT CONTROL

  • Townhome style units!

  • Spacious floorplans

  • All units separately metered for gas, electric AND water!

  • Low maintenance

  • Minimal expenses

The Neighborhood

<15-Minute Walk

Roscoe's House of Chicken and Waffles, John C. Fremont High School, El Pollo Loco, The Burger Palace, Oh Manna Fish Market, Church's Texas Chicken, A Huevo Cafe, Ying Hana Teriyaki

<15-Minute Drive

Planet Fitness, Target, King Taco, Starbucks, Millan's Ranchito Restaurant, In-N-Out Burger, Tierra Mia, Walgreens, LA Fitness, NORMS, Coffee, Metropolitan Park Twin 2 Theatre, La Monarca Bakery & Cafe

<$15 Uber Ride

Planet Fitness, Target, King Taco, Starbucks, Millan's Ranchito Restaurant, In-N-Out Burger, Tierra Mia, Walgreens, LA Fitness, NORMS, Coffee, Metropolitan Park Twin 2 Theatre, La Monarca Bakery & Cafe

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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