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1492 W 28th Street, Los Angeles, CA 90007

Los Angeles
Local realty services provided by:CENTURY 21 Cornerstone
1492 W 28th Street,Los Angeles, CA 90007
$1,250,000
  • 16 Beds
  • 14 Baths
  • 1,557 sq. ft.
  • Single family
  • Active
Listed by: adam shamooelian, daniel shamooelian
Office: keller williams beverly hills310-432-6400
MLS#:26640973
Source:CRMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$802.83

About this home

Price Reduced $200K! 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 9.15% Cap Rate Post Completion-includes management fee). 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, with an additional lease secured for the 26-27 school year 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...

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Home facts

  • Year built:1903
  • Listing ID #:26640973
  • Added:93 day(s) ago
  • Updated:April 24, 2026 at 10:39 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:14
  • Full bathrooms:14
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Vented Exhaust Fan
  • Living area:1,557 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1903
  • Building area:1,557 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$802.83

Features and amenities

  • Appliances:Dishwasher, Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:4
  • Parking description:Door-Multi, Garage
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