1492 W 28th Street, Los Angeles, CA 90007

Local realty services provided by:ERA North Orange County Real Estate
1492 W 28th Street,Los Angeles, CA 90007
$1,250,000
  • 16 Beds
  • 14 Baths
  • 1,557 sq. ft.
  • Single family
  • Active
Listed by: adam shamooelian, daniel shamooelian
Office: keller williams beverly hills
MLS#:26640973
Source:CRMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$802.83

About this home

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

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Home facts

  • Year built:1903
  • Listing ID #:26640973
  • Added:9 day(s) ago
  • Updated:January 25, 2026 at 02:34 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:14
  • Full bathrooms:14
  • Living area:1,557 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Furnace

Structure and exterior

  • Year built:1903
  • Building area:1,557 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$802.83
Based on information from California Regional Multiple Listing Service, Inc. as of January 31, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 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.

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