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Stacey Alysson Melman

1475 W 28th ST
Los Angeles, CA, 90007
$1,050,000
8 Beds
5 Baths
2,597 SqFt
0.17 Acres
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MLS #26959483 image #0
We are pleased to present a rare opportunity to acquire 1475 W. 28th Street, a three (3) unit, eight (8) bedroom student housing investment located in the highly sought-after DPS Patrol Zone, just blocks from the University of Southern California (USC). This single-story wood frame and stucco building sits on a raised foundation, offering 2,597 SF of living space on a generous 7,430 SF lot. The property is fully occupied by USC students and currently generates $7,743/month in income, with approximately 50% upside in potential rents. The front single-family residence features 5 bedrooms and 3 bathrooms, generating $5,500/month in income. This home has undergone a complete, high-end remodel with over $150,000 in capital improvements-delivering a true turn-key investment. From the sleek, modern kitchen and designer bathrooms to the upgraded flooring, windows, systems, and fixtures, every detail has been thoughtfully executed for lasting appeal and minimal deferred maintenance. Two detached units at the rear of the lot round out the offering: a 1-bedroom, 1-bathroom unit ($975/month) and a 2-bedroom, 1-bathroom unit ($1,268/month). Priced at a strong current 7% cap rate, this is an exceptional cash-flowing investment with significant rent growth potential in one of USC’s most in-demand rental submarkets-a compelling opportunity for investors seeking stable income today and meaningful upside tomorrow.
AGENT: Davis Saadian
LISTING BROKERAGE: Keller Williams Hollywood Hills
1475 W 28th ST
Los Angeles, CA

Property Details

Price:
$1,050,000
MLS #:
26959483
Status:
Active
Beds:
8
Baths:
5
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Sep 3, 2026
Finished Sq Ft:
2,597
Total Sq Ft:
2,597
Lot Size:
7,432 sqft / 0.17 acres (approx)
Year Built:
1922
C16 – Mid Los AngelesC16midlosangeles
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Schools

Interior

Appliances
Disposal, Microwave, Refrigerator
Cooling
Electric
Heating
Electric, Heat Pump
Laundry Features
Washer Included, Dryer Included
Levels
One

Exterior

Other Structures
Shed(s)
Parking Features
Gated, Private
Parking Spots
2
Parking Total
2
Stories
1

Financial

Gross Operating Income
$92,916
Net Operating Income
$73,458

Map

Community

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