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205 East 28th Street is a 12-unit apartment building in Historic South Central Los Angeles with significant potential upside in a dense rental area that is seeing major development. See agent remarks regarding occupancy. 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.
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Listing Agent: Steven Bogoyevac 01332755 Courtesy of: Steven M. Bogoyevac, Broker Updated: 18th May, 2022 3:35 PM (UTC)