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    buyandsell@adelabrown.com
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  • Adela Brown
    155 North Riverview Drive
    Anaheim, Calilfornia 92808
    (818) 795-3856
    buyandsell@adelabrown.com

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    California Regional Multiple Listing Service

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

    $1,250,000
    For Sale

    1492 W 28th Street

    Los Angeles, CA 90007
    1557 sqft | 16 beds | 14 baths | 0.17 acres | #26640973
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    Listing OfficeKeller Williams Beverly Hills
    1492 W 28th Street
    56 photos
    Type:Purchase
    Structure:House
    Zone:Residential

    Description

    Price Reduced $200K! Welcome to 1492 W. 28th St, a premier investment & development opportunity located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). This property is being offered with RTI (Ready-To-Issue) permits to build a brand-new 11-bedroom / 11-bathroom duplex in the rear, creating a rare opportunity to purchase and develop a prime student housing asset while generating rental income during construction(Projected 9.15% Cap Rate Post Completion-includes management fee). The existing 5-bedroom / 3-bathroom front house has been completely renovated with modern finishes and updated systems, and is currently leased at $6,000/month, with an additional lease secured for the 26-27 school year at $6,000/month. Upon completion of the rear development, the property will total 16 bedrooms and 14 bathrooms, perfectly suited for student housing, co-living, or traditional rentals in one of LA's strongest rental markets. The approved plans feature large, well-designed bedrooms, each with its own ensuite bathroom, making the units significantly easier to lease and ideal for maximizing rent potential. With RTI permits already secured, investors and developers can bypass the time-consuming entitlement process and break ground immediately. Located within close proximity to USC, Exposition Park, Downtown LA, and Metro lines, the property benefits from constant demand and excellent rental comps. This is a rare opportunity to acquire a turnkey property with substantial cash flow and long-term value-add potential. Nearby attractions include USC Village, Trader Joe's, City Target, and a wide variety of popular restaurants and local amenities that make this location highly desirable for tenants. Contact listing agent for more details! *Projections are based on an estimated construction cost of $225 per square foot, providing a realistic outlook for future development potential.

    • Property Details
        • Property SubtypeSingleFamilyResidence
        • CountyLos Angeles
        • Original List Price$1,250,000
        • Cost1250000.0
        • Property TypePurchase
        • MLS #26640973
        • MLS #26640973
        • Acres0.1708
        • Square Feet1557.0
        • Bathrooms14.0
        • Year Built1903
        • Bedrooms16
        • Full Baths14
        • Stories2

    Location

    Legal

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

    Last Updated: Yesterday at 10:56 PM. Source: CRMLS

    Provided By
    Listing Agent: Adam Shamooelian (#CLW-C136898)
    Listing Office: Keller Williams Beverly Hills (#CLW-X74054)

    Adela BrownReal Estate Group
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