1492 W 28th Street, Los Angeles, CA 90007
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
1492 W 28th Street,Los Angeles, CA 90007
$1,275,000
- 16 Beds
- 14 Baths
- 1,557 sq. ft.
- Single family
- Active
Listed by: adam shamooelian, daniel shamooelian
Office: keller williams beverly hills
MLS#:CL25608435
Source:CA_BRIDGEMLS
Price summary
- Price:$1,275,000
- Price per sq. ft.:$818.88
About this home
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
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Home facts
- Year built:1903
- Listing ID #:CL25608435
- Added:52 day(s) ago
- Updated:December 13, 2025 at 03:27 PM
Rooms and interior
- Bedrooms:16
- Total bathrooms:14
- Full bathrooms:14
- Living area:1,557 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1903
- Building area:1,557 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,275,000
- Price per sq. ft.:$818.88
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