1449 W 28th ST, Los Angeles, CA 90007
1449 W 28th ST, Los Angeles, CA 90007
1449 W 28th ST, Los Angeles, CA 90007
1449 W 28th ST, Los Angeles, CA 90007
1449 W 28th ST, Los Angeles, CA 90007
1449 W 28th ST, Los Angeles, CA 90007
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Michael Plummer

Michael Plummer

+1(949) 478-1660
$ 1,495,000
Est. payment | /mo

11 Beds

7 Baths

3,287 SqFt

Save
$ 1,495,000
Est. payment | /mo
Save

11 Beds

7 Baths

3,287 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,287 sqft

Price per Sqft $454

MLS Listing ID 26834529

Bedrooms 11

HOA Y/N No

Year Built 1903

Lot Size 6,756 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Parking Features Driveway

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5054032020

Special Listing Condition Standard

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

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

+1(949) 478-1660

michael@michaelplummergroup.com

28142 Haria, Mission Viejo, CA 92692, Mission Viejo, California, 92692, USA

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1449 W 28th ST