1492 W 28th ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,557 sqft
Price per Sqft $931
MLS Listing ID 25539051
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1903
Lot Size 7,440 Sqft
Property Sub-Type Single Family Residence
Property Description
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. The existing 5-bedroom / 3-bathroom front house has been completely renovated with modern finishes and updated systems, and is currently leased at $5,000/month, with signed leases in place to increase the rent to $6,000/month beginning August 2025. 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!
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Heating Central
Cooling Central Air
Fireplaces Type Dining Room
Furnishings Furnished Or Unfurnished
Fireplace Yes
Appliance Dishwasher,Microwave,Refrigerator,Vented Exhaust Fan,Dryer,Washer
Exterior
Parking Features Door-Multi,Garage
Pool None
View Y/N No
View None
Total Parking Spaces 2
Private Pool No
Building
Story 2
Entry Level Two
Architectural Style See Remarks
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5054034009
Special Listing Condition Standard