Listing Agent: Davis Saadian      Broker/Office: Keller Williams Hollywood Hills
1454 28th Street W Los Angeles CA 90007
$ 1,525,000
  10   |    4   |    2601 Sq Feet

Listing ID

#26848663

Status

Active

Property Type

Single Family Residence

Property Style

Craftsman

County

Los Angeles

Year Built

1906

Days on website

3

Description
We are pleased to present the opportunity to acquire 1454 W. 28th Street, a fully renovated 10-bedroom + 4-bathroom student housing investment located in the highly coveted West of Campus neighborhood within the 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. The property generates $13,350 per month in gross income. Backed by a proven operational history, and strong in-place cash flow, the asset delivers immediate yield and stable income from day one. The offering consists of a beautifully upgraded two-story single-family residence featuring 10-bedrooms + 4-bathrooms, totaling approximately 2,601 rentable square feet on an 8,100 square foot lot. Adding to the investment appeal, the oversized 8,100 square foot lot presents a significant value-add opportunity. An investor may have the ability to construct two ADUs toward the rear of the lot, providing the potential to substantially increase cash flow and overall asset value over time. Operationally, the asset is exceptionally efficient, helping minimize landlord expenses and maximize net operating income. Priced at an in-place 8.0% cap rate and 9.5x GRM, the property combines immediate cash flow, low-maintenance ownership, and long-term upside in one of LA's most consistently performing rental markets.
Location
Financial Information
List Price:  $ 1525000
Property Features
Appliances:  Dryer, Refrigerator, Washer
Cooling:  Dual
Flooring:  Tile
Furnished:  Furnished
Levels:  Two
Parking Features:  Gated
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C16 - Mid Los Angeles
City:  Los Angeles
Listed By:   Davis Saadian   Keller Williams Hollywood Hills 
CA Lic#