1013 E 28th St 5 Unit Apartment Building $1,360,197 CAD ($272,039 CAD/Unit) 8% Cap Rate Los Angeles, CA 90011

This 7-unit multifamily property offers a compelling opportunity for investors seeking strong income with growth potential. Currently producing a gross monthly income of $10,330 ($123,960 annually), the asset delivers immediate cash flow with a GRM of 8 and approximately an 8% cap rate. Rental upside of over 50% presents significant long-term value for those looking to enhance returns through strategic rent adjustments.
The unit mix includes four 1-bedroom units, two 3-bedroom units, and one 2-bedroom unit, providing desirable rental diversity. Two additional units were recently added as ADUs, including a brand-new 3-bedroom, 1-bath unit that can be delivered vacant, creating an excellent option for an owner-user or further investment flexibility.
Situated near the heart of Downtown Los Angeles, the property benefits from proximity to major employment centers, cultural institutions, and retail hubs such as FIGat7th. Easy access to public transit and major corridors, including the Central Avenue corridor, adds to its connectivity. The surrounding area continues to experience revitalization, driving strong rental demand and future appreciation potential.