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$1,495,000
Est. payment /mo
11 Beds
7 Baths
3,287 SqFt
UPDATED:
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
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Listed by Davis Saadian Keller Williams Hollywood Hills #01921748
NEARBY SCHOOL & BUSINESS
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