We are pleased to present the opportunity to acquire 1449 W. 28th Street, a fully renovated 11-bedroom + 7-bathroom student housing investment located in the highly coveted West of Campus neighborhood within the USC DPS Patrol Zone. Just blocks from the University of Southern California, the property sits in one of the strongest student housing rental markets in Los Angeles, consistently achieving premium rents, full occupancy, and year-round tenant demand. Currently occupied by USC students, the property generates slightly above $11,000 per month in gross income. Backed by a proven operational history, parental guarantees, and strong in-place cash flow, the asset delivers immediate yield and stable income from day one. The offering consists of a beautifully upgraded 1903 Craftsman single family residence with 7-bedrooms + 4-bathrooms, paired with a newer detached ADU built in 2019, featuring 4-bedrooms + 3-bathrooms. Together, the structures total approximately 3,287 rentable square feet on a 6,754 square foot lot. Both structures have undergone extensive renovations with modern, high-end finishes throughout, including hardwood flooring, updated countertops, stainless steel appliances, tiled showers with glass enclosures, in-unit washers and dryers, furnished bedrooms, fully updated kitchens and bathrooms, recessed lighting, and contemporary fixtures. Operationally, the asset is exceptionally efficient. Tenants are responsible for all utilities, including gas, water, trash, and electricity, helping minimize landlord expenses and maximize net operating income. Priced at a 7% cap rate and 11x GRM, the property combines immediate cash flow, low-maintenance ownership, and long-term upside in one of LA’s most consistently performing rental markets.
Property Details
Price:
$1,495,000
MLS #:
26834529
Status:
Active
Beds:
11
Baths:
7
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
May 15, 2026
Finished Sq Ft:
3,287
Total Sq Ft:
3,287
Lot Size:
6,756 sqft / 0.16 acres (approx)
Year Built:
1903
See this Listing
Schools
Interior
Appliances
DW, RF
Laundry Features
IN, DINC, WINC
Levels
U
Exterior
Architectural Style
CRF
Parking Spots
5
Parking Total
5
Financial
Map
Community
- Address1449 W 28th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 16, 2026
7,323
Single Family Listed
82
Avg DOM
433
Avg $ / SqFt
$1,708,701
Avg List Price
Property Summary
- 1449 W 28th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90007. It is listed for $1,495,000 and features 11 beds, 7 baths, and has approximately 3,287 square feet of living space, and was originally constructed in 1903. The current price per square foot is $455. The average price per square foot for Single Family listings in Los Angeles is $433. The average listing price for Single Family in Los Angeles is $1,708,701.
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