CA > Los Angeles
Los Angeles, CA 90007,1460 W 28th St
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Los Angeles, CA 90007,1460 W 28th St
Los Angeles, CA 90007,1460 W 28th St
Los Angeles, CA 90007,1460 W 28th St
Los Angeles, CA 90007,1460 W 28th St
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 2,035,000
Est. payment /mo
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Active

1460 W 28th St Los Angeles, CA 90007

11 Beds

7 Baths

4,016 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,016 sqft

Price per Sqft $506

MLS Listing ID 25-483939

Style Craftsman

Bedrooms 11

Construction Status New Construction

Year Built 1906

Lot Size 7,427 Sqft

Acres 0.1705

Property Sub-Type Multi-Family

Property Description

We are pleased to offer the opportunity to acquire two (2) student housing Single Family Residences, consisting of 11-bedrooms, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The front Single-Family Residence was built in 1913, offering 6-bedrooms + 3-bathrooms. Fully occupied with USC students, this 2,508 SF home boasts hardwood floors, a spacious kitchen with island, in-unit washer/ dryer, and elegant touches throughout. Tenants pay for all gas, electricity, and water/trash.The 2nd Single family Residence was newly constructed in 2020, offering 5-bedrooms + 4-bathrooms, with a total rentable square footage of 1,508 SF. This brand-new construction house is also fully occupied with USC students, featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. Tenants pay for all gas, electricity, and water/trash.Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the year, with a gross income of $13,450/month. There's approximately 15% potential upside in rents, which an investor can achieve closer to about $15,000/month. The expansive lot size allows an investor to add even more value to the property by constructing a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $6,000/month), generating an even higher yield/ net income. Completed project will gross approximately $21,00/Month - $252,000/Year. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity. Currently priced at a 6.5% cap rate & 12.5x GRM excellent cashflow investment opportunity.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Flooring Hardwood, Other

Equipment Range/Oven, Refrigerator, Freezer, Garbage Disposal, Hood Fan, Other, Dryer, Dishwasher, Washer

Laundry In Unit

Exterior

Parking Features Other

Garage Spaces 4.0

Building

Story 2

Architectural Style Craftsman

Level or Stories Two

Construction Status New Construction

Others

Special Listing Condition Standard

TheMLS (CLAW)
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 KW Advisors

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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