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8 Beds
2,597 sqft

$1,050,000

1475 W 28th Street, Los Angeles CA, 90007

Price per sqft$404.31
Built in1922
Property size2,597 sqft
Property typeResidential

Overview

Active

Listed Sep 3, 2026

Updated 3 weeks ago

We are pleased to present a rare opportunity to acquire 1475 W. 28th Street, a three (3) unit, eight (8) bedroom student housing investment located in the highly sought-after DPS Patrol Zone, just blocks from the University of Southern California (USC). This single-story wood frame and stucco building sits on a raised foundation, offering 2,597 SF of living space on a generous 7,430 SF lot. The property is fully occupied by USC students and currently generates $7,743/month in income, with approximately 50% upside in potential rents. The front single-family residence features 5 bedrooms and 3 bathrooms, generating $5,500/month in income. This home has undergone a complete, high-end remodel with over $150,000 in capital improvements-delivering a true turn-key investment. From the sleek, modern kitchen and designer bathrooms to the upgraded flooring, windows, systems, and fixtures, every detail has been thoughtfully executed for lasting appeal and minimal deferred maintenance. Two detached units at the rear of the lot round out the offering: a 1-bedroom, 1-bathroom unit ($975/month) and a 2-bedroom, 1-bathroom unit ($1,268/month). Priced at a strong current 7% cap rate, this is an exceptional cash-flowing investment with significant rent growth potential in one of USC's most in-demand rental submarkets-a compelling opportunity for investors seeking stable income today and meaningful upside tomorrow.

$6,986/mo

Est. mortgage payment based on a $1,050,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CL26959483

Interior Features

Bedrooms
8
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres
MLS provider logo

Listed by Davis Saadian, with Keller Williams Hollywood Hills
Listing Contact: 310-402-8958 

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