1449 W 28th Street, Los Angeles, CA 90007

• 11 beds
• 3,287 sqft

Property Description

We are pleased to present the opportunity to acquire 1449 W. 28th Street, a fully renovated 11-bedroom + 7-bathroom student housing investment located in the highly coveted West of Campus neighborhood within the USC DPS Patrol Zone. Just blocks from the University of Southern California, the property sits in one of the strongest student housing rental markets in Los Angeles, consistently achieving premium rents, full occupancy, and year-round tenant demand. Currently occupied by USC students, the property generates slightly above $11,000 per month in gross income. Backed by a proven operational history, parental guarantees, and strong in-place cash flow, the asset delivers immediate yield and stable income from day one. The offering consists of a beautifully upgraded 1903 Craftsman single family residence with 7-bedrooms + 4-bathrooms, paired with a newer detached ADU built in 2019, featuring 4-bedrooms + 3-bathrooms. Together, the structures total approximately 3,287 rentable square feet on a 6,754 square foot lot. Both structures have undergone extensive renovations with modern, high-end finishes throughout, including hardwood flooring, updated countertops, stainless steel appliances, tiled showers with glass enclosures, in-unit washers and dryers, furnished bedrooms, fully updated kitchens and bathrooms, recessed lighting, and contemporary fixtures. Operationally, the asset is exceptionally efficient. Tenants are responsible for all utilities, including gas, water, trash, and electricity, helping minimize landlord expenses and maximize net operating income. Priced at a 7% cap rate and 11x GRM, the property combines immediate cash flow, low-maintenance ownership, and long-term upside in one of LA's most consistently performing rental markets.

Listing Status:

Active

Date Added:

May 15, 2026

Data Last Updated:

May 20, 2026 at 5:06AM

Listing Office:

Keller Williams Hollywood Hills : 310-623-1300

Listing Agent:

Davis Saadian : 310-402-8958

MLS ID:

CL26834529

Interior

• Laundry: DryerWasherInside

Exterior

• Parking: OtherParking spaces: 5

Location

• County: Los Angeles

Lot

• Zoning: LAR25054032020