1492 W 28th Street
Los Angeles, CA 90007
Map
- 4 beds
- 3 baths
- 1,557 sqft
- 7,440 sqft lot
- $867 per sqft
- 1903 build
- – on site
Price Reduced $100K! 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. The existing 5-bedroom / 3-bathroom front house has been completely renovated with modern finishes and updated systems, and is currently leased at $5,000/month, with signed leases in place to increase the rent to $6,000/month beginning August 2025. 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!
Last checked:
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Last updated Jun 9, 2025
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MLS# 25539051 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1903
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New Construction:No
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Architectural Style:See Remarks
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Stories Total:2
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Common Walls:No Common Walls
Interior
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Levels:Two
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Fireplace:Yes
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Fireplace:Dining Room
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Laundry:Washer Included, Dryer Included
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Laundry:1
Room Dimensions
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Living Area:1557.00
Location
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Directions:West of Vermont Ave, East of Normandie Ave, North of Jefferson Blvd, South of Adams Blvd
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Latitude:34.02930600
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Longitude:-118.29435200
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:LAR2
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Lot Size Area:7440.0000
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Lot Size Dimensions:55x136
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Lot Size Acres:0.1708
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Lot Size SqFt:7440.00
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View:None
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:4
Baths
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Total Baths:3
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Full & Three Quarter Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5054034009
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Dishwasher, Microwave, Refrigerator, Vented Exhaust Fan
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Two Door
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Parking Spaces:2.00
Monthly cost estimate
Asking price
$1,350,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,228
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| Taxes | N/A |
| Insurance | $371 |
| Utilities | $152 See report |
| Total | $7,751/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/9/25
Jun 9, 2025
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Price Changed | CRMLS_CA | $1,350,000 | -6.9% |
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5/20/25
May 20, 2025
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Listed / Active | CRMLS_CA | $1,450,000 | 42.9% (23.4% / YR) |
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7/21/23
Jul 21, 2023
|
BRIDGE | $1,015,000 | -11.4% |
