We are pleased to present the opportunity to acquire 1475 W. 28th Street, a three (3) unit, eight (8) bedroom student housing investment, located in the prestigious DPS Patrol Zone, and just a couple blocks to the University of Southern California (USC). This single-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 2,597 SF on a 7,430 SF Lot. Current income is $7,743/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $5,500/month, fully occupied with USC students. The front house has been completely remodeled and thoughtfully upgraded with over $150,000 in capital improvements. Featuring modern finishes, updated systems, and designer touches throughout, this home is in excellent, turn-key condition. From the sleek kitchen and stylish bathrooms to the upgraded flooring, windows, and fixtures, every detail has been meticulously updated to offer both comfort and contemporary appeal. The two detached units towards the back of the lot consists of a 1-bedroom + 1-bathroom unit ($975/month) & a 2-bedroom + 1-bathroom unit ($1,268/month). Priced at a current 6.1% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents. Bring all offers – Please email the listing agent for the executive summary/ financial analysis.
Property Details
Price:
$1,195,000
MLS #:
25562737
Status:
Active
Baths:
0
Address:
1475 W 28th Street
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jul 9, 2025
State:
CA
ZIP:
90007
Lot Size:
7,432 sqft / 0.17 acres (approx)
Year Built:
1922
See this Listing
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Schools
Interior
Appliances
Disposal, Refrigerator
Cooling
Dual
Heating
Combination, Central
Exterior
Parking Features
Gated, Driveway
Parking Spots
3.00
Stories Total
1
Financial
Map
Community
- Address1475 W 28th Street Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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1475 W 28th Street
Los Angeles, CA
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