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$1,450,000

Est. payment - /mo

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4 Beds

3 Baths

1,557 SqFt

New

1492 W 28th St Los Angeles, CA 90007

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Zachary Frazier

zac@zacrealestate.com +1(405) 209-8885

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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 $931

MLS Listing ID 25539051

Style Other

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1903

Lot Size 7,440 Sqft

Acres 0.1708

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 Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms Other

Dining Room 0

Interior

Heating Central

Cooling Central

Flooring Mixed

Fireplaces Type Dining, Other

Equipment Dishwasher, Dryer, Microwave, Refrigerator, Vented Exhaust Fan, Washer

Laundry In Unit

Exterior

Parking Features Garage - 2 Car

Garage Spaces 2.0

Pool None

View Y/N No

View None

Building

Story 2

Architectural Style Other

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Zachary Frazier

Agent | RE.S.0174348

+1(405) 209-8885

1492 W 28th St Los Angeles, CA 90007

Zachary Frazier

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1492 W 28th St