Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Print Flyer
1492 28th Street, Los Angeles, CA 90007
Priced at Only: $1,250,000
For more Information Call
Address: 1492 28th Street, Los Angeles, CA 90007
Active
Property Photos
1492 28th Street
Image Gallery
Property Location and Similar Properties
All
Similar
  1. Image 0 of 59 For 1492 28th Street
  2. Image 1 of 59 For 1492 28th Street
  3. Image 2 of 59 For 1492 28th Street
  4. Image 3 of 59 For 1492 28th Street
  5. Image 4 of 59 For 1492 28th Street
  6. Image 5 of 59 For 1492 28th Street
  7. Image 6 of 59 For 1492 28th Street
  8. Image 7 of 59 For 1492 28th Street
  9. Image 8 of 59 For 1492 28th Street
  10. Image 9 of 59 For 1492 28th Street
  11. Image 10 of 59 For 1492 28th Street
  12. Image 11 of 59 For 1492 28th Street
  13. Image 12 of 59 For 1492 28th Street
  14. Image 13 of 59 For 1492 28th Street
  15. Image 14 of 59 For 1492 28th Street
  16. Image 15 of 59 For 1492 28th Street
  17. Image 16 of 59 For 1492 28th Street
  18. Image 17 of 59 For 1492 28th Street
  19. Image 18 of 59 For 1492 28th Street
  20. Image 19 of 59 For 1492 28th Street
  21. Image 20 of 59 For 1492 28th Street
  22. Image 21 of 59 For 1492 28th Street
  23. Image 22 of 59 For 1492 28th Street
  24. Image 23 of 59 For 1492 28th Street
  25. Image 24 of 59 For 1492 28th Street
  26. Image 25 of 59 For 1492 28th Street
  27. Image 26 of 59 For 1492 28th Street
  28. Image 27 of 59 For 1492 28th Street
  29. Image 28 of 59 For 1492 28th Street
  30. Image 29 of 59 For 1492 28th Street
  31. Image 30 of 59 For 1492 28th Street
  32. Image 31 of 59 For 1492 28th Street
  33. Image 32 of 59 For 1492 28th Street
  34. Image 33 of 59 For 1492 28th Street
  35. Image 34 of 59 For 1492 28th Street
  36. Image 35 of 59 For 1492 28th Street
  37. Image 36 of 59 For 1492 28th Street
  38. Image 37 of 59 For 1492 28th Street
  39. Image 38 of 59 For 1492 28th Street
  40. Image 39 of 59 For 1492 28th Street
  41. Image 40 of 59 For 1492 28th Street
  42. Image 41 of 59 For 1492 28th Street
  43. Image 42 of 59 For 1492 28th Street
  44. Image 43 of 59 For 1492 28th Street
  45. Image 44 of 59 For 1492 28th Street
  46. Image 45 of 59 For 1492 28th Street
  47. Image 46 of 59 For 1492 28th Street
  48. Image 47 of 59 For 1492 28th Street
  49. Image 48 of 59 For 1492 28th Street
  50. Image 49 of 59 For 1492 28th Street
  51. Image 50 of 59 For 1492 28th Street
  52. Image 51 of 59 For 1492 28th Street
  53. Image 52 of 59 For 1492 28th Street
  54. Image 53 of 59 For 1492 28th Street
  55. Image 54 of 59 For 1492 28th Street
  56. Image 55 of 59 For 1492 28th Street
  57. Image 56 of 59 For 1492 28th Street
  58. Image 57 of 59 For 1492 28th Street
  59. Image 58 of 59 For 1492 28th Street
Request More Information
  • All fields are required.
More Like This
  • MLS#: 26640973 ( Single Family Residence )
  • Street Address: 1492 28th Street
  • Viewed: 1
  • Price: $1,250,000
  • Price sqft: $803
  • Waterfront: No
  • Year Built: 1903
  • Bldg sqft: 1557
  • Bedrooms: 16
  • Total Baths: 14
  • Full Baths: 14
  • Garage / Parking Spaces: 4
  • Days On Market: 80
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90007
  • Provided by: Keller Williams Beverly Hills
  • Contact: Adam Adam
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 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! *Projections are based on an estimated construction cost of $225 per square foot, providing a realistic outlook for future development potential.
Features
Appliances
  1. Dishwasher
  2. Microwave
  3. Refrigerator
  4. Vented Exhaust Fan
Architectural Style
  1. See Remarks
Baths Full
  1. 14
Baths Total
  1. 14
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Fireplace Features
  1. Dining Room
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Two
Parcel Number
  1. 5054034009
Parking Features
  1. Garage - Two Door
Pool Features
  1. None
Postalcodeplus4
  1. 2947
Property Type
  1. Single Family Residence
Spa Features
  1. None
View
  1. None
Year Built
  1. 1903
Zoning
  1. LAR2
Skip to Main Content
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.