1475 W 28th Street, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1475 W 28th Street,Los Angeles, CA 90007
$1,050,000
- 8 Beds
- - Baths
- 2,597 sq. ft.
- Multi-family
- Active
Listed by: davis saadian
Office: keller williams hollywood hills
MLS#:CL26959483
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,050,000
- Price per sq. ft.:$404.31
About this home
We are pleased to present a rare opportunity to acquire 1475 W. 28th Street, a three (3) unit, eight (8) bedroom student housing investment located in the highly sought-after DPS Patrol Zone, just blocks from the University of Southern California (USC). This single-story wood frame and stucco building sits on a raised foundation, offering 2,597 SF of living space on a generous 7,430 SF lot. The property is fully occupied by USC students and currently generates $7,743/month in income, with approximately 50% upside in potential rents. The front single-family residence features 5 bedrooms and 3 bathrooms, generating $5,500/month in income. This home has undergone a complete, high-end remodel with over $150,000 in capital improvements-delivering a true turn-key investment. From the sleek, modern kitchen and designer bathrooms to the upgraded flooring, windows, systems, and fixtures, every detail has been thoughtfully executed for lasting appeal and minimal deferred maintenance. Two detached units at the rear of the lot round out the offering: a 1-bedroom, 1-bathroom unit ($975/month) and a 2-bedroom, 1-bathroom unit ($1,268/month). Priced at a strong current 7% cap rate, this is an exceptional cash-flowing investment with significant rent growth potential in one of USC's most in-demand rental submarkets-a compelling opportunity for investors seeking stable income today and meaningful upside tomorrow....
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Home facts
- Year built:1922
- Listing ID #:CL26959483
- Added:58 day(s) ago
- Updated:October 31, 2026 at 07:50 PM
Rooms and interior
- Bedrooms:8
- Living area:2,597 sq. ft.
Heating and cooling
- Heating:Electric, Heat Pump
Structure and exterior
- Year built:1922
- Building area:2,597 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,050,000
- Price per sq. ft.:$404.31
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Parking description:Private
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