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$1,275,000

Est. payment - /mo

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16 Beds

14 Baths

1,557 SqFt

New

1492 W 28th ST Los Angeles, CA 90007

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Andre Hobbs

ashobbs44@gmail.com +1(619) 349-5151

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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 $818

MLS Listing ID 25608435

Bedrooms 16

Full Baths 14

HOA Y/N No

Year Built 1903

Lot Size 7,440 Sqft

Property Sub-Type Single Family Residence

Property Description

Price Reduced $175K! 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(Projected 9.02% Cap Rate Post Completion). The existing 5-bedroom / 3-bathroom front house has been completely renovated with modern finishes and updated systems, and is currently leased at $6,000/month. 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! *Projections are based on an estimated construction cost of $225 per square foot, providing a realistic outlook for future development potential.

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 4

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

Listed by Adam Shamooelian Keller Williams Beverly Hills

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Andre Hobbs

San Diego Broker | Military Veteran | License ID: 01485241

+1(619) 349-5151

1492 W 28th ST Los Angeles, CA 90007

Andre Hobbs

Key Details

Location

Interior

Exterior

Building

Others

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1492 W 28th ST