1454 W 28th ST, Los Angeles, CA 90007
1454 W 28th ST, Los Angeles, CA 90007
1454 W 28th ST, Los Angeles, CA 90007
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$1,395,000
Est. payment /mo
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10 Beds
4 Baths
2,601 SqFt
Price Dropped by $130K

1454 W 28th ST Los Angeles, CA 90007

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,601 sqft

Price per Sqft $536

MLS Listing ID 26848663

Bedrooms 10

Full Baths 4

HOA Y/N No

Year Built 1906

Lot Size 8,102 Sqft

Property Sub-Type Single Family Residence

Property Description

We are pleased to present the opportunity to acquire 1454 W. 28th Street, a fully renovated 10-bedroom + 4-bathroom student housing investment located in the highly coveted West of Campus neighborhood within the 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. The property generates $13,350 per month in gross income. Backed by a proven operational history, and strong in-place cash flow, the asset delivers immediate yield and stable income from day one. The offering consists of a beautifully upgraded two-story single-family residence featuring 10-bedrooms + 4-bathrooms, totaling approximately 2,601 rentable square feet on an 8,100 square foot lot. Adding to the investment appeal, the oversized 8,100 square foot lot presents a significant value-add opportunity. An investor may have the ability to construct two ADUs toward the rear of the lot, providing the potential to substantially increase cash flow and overall asset value over time. Operationally, the asset is exceptionally efficient, helping minimize landlord expenses and maximize net operating income. Priced at an in-place 9.0% cap rate and 8.7x 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

Rooms

Other Rooms Shed(s)

Interior

Cooling Dual

Flooring Tile

Fireplaces Type None

Furnishings Furnished

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features Gated

Pool None

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5054033006

Special Listing Condition Standard

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

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1454 W 28th ST

NEARBY SCHOOL & BUSINESS

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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