1475 W 28th Street, Los Angeles, CA 90007
1475 W 28th Street, Los Angeles, CA 90007
1475 W 28th Street, Los Angeles, CA 90007
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Pamela Oettel

Pamela Oettel

+1(510) 703-8636
$1,050,000
Est. payment /mo
8 Beds
2,597 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 2,597 sqft

Price per Sqft $404

MLS Listing ID CL26959483

Bedrooms 8

HOA Y/N No

Year Built 1922

Lot Size 7,432 Sqft

Acres 0.17

Property Sub-Type OTHER

Property Description

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.

Location

State CA

County Los Angeles

Zoning LAR2

Interior

Heating Electric, Heat Pump

Cooling Other

Fireplace No

Laundry Dryer, Washer

Exterior

Total Parking Spaces 2

Building

New Construction No

Others

Tax ID 5054031019

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Davis Saadian • Keller Williams Hollywood Hills

NEARBY SCHOOL & BUSINESS

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