205 E 28th St, Los Angeles, CA
Major Value-Add Opportunity: 10 of 12 Units Are Vacant
All Studio Units With In-Unit Laundry Hookups
Property Features a Large Underutilized Backyard
Excellent Value-Add Location in a Dense Rental Area Proximate to Numerous Major Development Projects, the 110 and 10 Freeways, the Metro Expo and A Lines, Los Angeles Trade Technical College, Downtown LA, and a Mile From USC
205 E 28th St
Los Angeles, cA
The Bogie Group of Marcus & Millichap is pleased to present to market 205 East 28th Street, a 12-unit apartment building in Historic South Central Los Angeles. 10 of the 12 units are vacant, making this a major value-add opportunity in a dense rental area that is seeing significant development.
The subject property is a two-story 1923 construction with 12 studio units that have laundry hookups and are separately metered for gas and electricity. The building features secure access and a large underutilized backyard.
This area just south of Downtown L.A. has been seeing an influx of development as investors push south from Downtown and north from USC. Just blocks from the subject property, a new $125 Million, 296-unit mixed-use development project is underway at Adams and Grand, the expanding Los Angeles Trade Technical College is constructing a new $108 Million construction technology building, and a new 105-unit mixed-use affordable housing project is under construction on Washington Boulevard. Several more projects have been approved and/or proposed nearby.