South Central LA Homes with Mixed Use Subtype

Welcome to South Central LA, a vibrant neighborhood that pulses with the rich culture and history of Los Angeles. Nestled in the heart of the city, this area is renowned for its eclectic mix of residential and commercial spaces, making it a unique hub for both living and working. South Central is not just a place to call home; it’s a community that celebrates diversity and creativity, offering an array of amenities and experiences that cater to all lifestyles.

One of the standout features of South Central LA is its homes with a mixed-use subtype. These properties provide the perfect blend of residential comfort and commercial opportunity, allowing residents to live where they work and thrive. Imagine waking up in a stylish loft just steps away from your favorite café or boutique. This innovative approach to urban living fosters a sense of community and convenience, making it ideal for entrepreneurs, artists, and families alike.

The neighborhood boasts a rich tapestry of local businesses, art galleries, and parks, creating an inviting atmosphere that encourages exploration. From the lively streets filled with street art to the delicious aromas wafting from food vendors, South Central is a feast for the senses. With easy access to public transportation and major freeways, commuting to other parts of Los Angeles is a breeze.

In South Central LA, you’ll find not just a home, but a lifestyle that embraces creativity, culture, and community. Whether you’re looking for a cozy apartment or a mixed-use property that inspires your entrepreneurial spirit, this neighborhood has something for everyone. Come discover the charm and potential of South Central LA today!

Newest South Central LA Homes with Mixed Use Subtype

$1,825,000

PW26132375 MLS ⋅ Active Status

1023 E. 28th Street is a seven-unit asset consisting of three buildings with (1) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA units. This asset presents a strong opportunity to acquire a high-yield, partially repositioned property with substantial remaining rental upside in one of the most rapidly evolving pockets of South Los Angeles. The property combines newly constructed, non-rent- controlled units with an existing value-add component, creating a compelling blend of stable in-place cash flow, operational efficiency, and future NOI growth potential. The front portion of the property includes two newly constructed buildings completed in 2026 and exempt from California rent control, offering investors long-term operational flexibility and unrestricted future rent growth potential. These buildings include a stand-alone 3BD/1BA unit with private front yard space and two 2BD/1BA units. The newly constructed buildings were intentionally designed for long-term operational efficiency and reduced maintenance costs, featuring solar panels servicing both buildings, separately metered utilities, individual water heaters, all-electric systems, and MiniSplit HVAC systems in every unit. The rear four-unit building, originally constructed in 1962, consists of (2) 2BD/1BA units and (2) 1BD/1BA units and offers the primary value-add opportunity at the property. Ownership has already demonstrated the achievable rental upside by fully renovating one of the 1BD/1BA units with updated finishes, MiniSplit HVAC, and in-unit washer/dryer, allowing the unit to achieve near-market rents. The remaining classic units provide a clear path for a new owner to continue the renovation program and substantially increase income. Additional upside opportunities include implementing parking income for the four existing parking spaces, which are currently included in rent, as well as converting an existing storage room into an onsite laundry facility to create supplemental ancillary income. Recent capital improvements to the 1962 building include a new roof and upgraded main and sub electrical panels, helping reduce near- term capital expenditure requirements. Offered at a 7.29% current cap rate on existing income, the property has the potential to achieve a projected 9.51% market cap rate through the completion of the proven renovation program and implementation of additional income streams.

1023 E 28th, Los Angeles

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.