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$1,495,000
Listing Price11beds
7baths
3,287sqft
6,754sqft lot
1449 W 28th St, Los Angeles, CA 90007
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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,
Interior Details
3287
11
7
Has Heating:
Yes
Heating Type:
Floor/wall Furnace
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
6754
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$5,147
$284,870
$131,738
--%
$416,608
2019
$5,147
$279,285
$129,155
--%
$408,440
2018
$5,034
$273,809
$126,623
--%
$400,432
2017
$4,928
$268,441
$124,141
--%
$392,582
2016
$4,805
$263,178
$121,707
--%
$384,885
2014
$4,761
$254,148
$117,531
--%
$371,679
2013
$500
$23,868
$5,552
--%
$29,420
2012
$504
$23,400
$5,444
--%
$28,844
Average Home Price in 90007
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles





