3939 W 28th St, Los Angeles, CA 90018
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3939 W 28th St, Los Angeles, CA 90018
3939 W 28th St, Los Angeles, CA 90018
3939 W 28th St, Los Angeles, CA 90018
3939 W 28th St, Los Angeles, CA 90018
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Andrei Rafols

Andrei Rafols

+1(310) 651-1906
$ 999,000
Est. payment /mo
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Active

3939 W 28th St Los Angeles, CA 90018

8 Beds

4 Baths

3,199 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,199 sqft

Price per Sqft $312

MLS Listing ID 26669289

Bedrooms 8

Year Built 1922

Lot Size 8,545 Sqft

Acres 0.1962

Property Sub-Type Multi-Family

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 property also benefits from four on-site parking spaces, a valuable amenity in this supply-constrained rental market. Situated within a TOC Tier 3 designation, the property presents an attractive long-term redevelopment opportunity for investors seeking to capitalize on increased density incentives (buyer to verify). The large lot size and favorable zoning provide flexibility for future expansion or new construction. Additionally, the asset qualifies for residential financing, including 30-year fixed-rate loans, making it accessible to both investors and owner-users. 3939 W. 28th Street represents a unique opportunity to acquire a well-located asset with immediate vacancy upside, strong rental growth potential, and long-term development optionality in one of Los Angeles' most rapidly evolving submarkets.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Garage Spaces 4.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Realty Investment Advisors, Inc.
Andrei Rafols

Andrei Rafols

Agent | License ID: 02014153

+1(310) 651-1906

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