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1492 W 28th Street, Los Angeles, CA 90007

Local realty services provided by:CENTURY 21 Village Realty
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 hills
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:1 day(s) ago
  • Updated:January 22, 2026 at 12:43 AM

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:$1,250,000
  • Price per sq. ft.:$802.83
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Village Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Village Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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