1475 W 28th ST, Los Angeles, CA 90007
1475 W 28th ST, Los Angeles, CA 90007
1475 W 28th ST, Los Angeles, CA 90007
1475 W 28th ST, Los Angeles, CA 90007
1475 W 28th ST, Los Angeles, CA 90007
1475 W 28th ST, Los Angeles, CA 90007
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Jacob Raabe

Jacob Raabe

+1(949) 478-2551
$ 1,050,000
Est. payment | /mo

8 Beds

5 Baths

2,597 SqFt

Save
$ 1,050,000
Est. payment | /mo
Save

8 Beds

5 Baths

2,597 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,597 sqft

Price per Sqft $404

MLS Listing ID 26959483

Bedrooms 8

HOA Y/N No

Year Built 1922

Lot Size 7,431 Sqft

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

Area C16 - Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms Shed(s)

Interior

Heating Electric, Heat Pump

Cooling Electric

Fireplace No

Appliance Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Gated, Private

Total Parking Spaces 2

Building

Story 1

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5054031019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Davis Saadian Keller Williams Hollywood Hills #01921748

NEARBY SCHOOLS & PROPERTIES

Jacob Raabe

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 478-2551

jacob@raabeproperties.com

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1475 W 28th ST