1449 W 28th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$1,495,000 USD
310-402-8958
1449 W 28th St, Los Angeles, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/17
null | 7% Cap Rate

1449 W 28th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • 7.0% In-Place Cap Rate | 11x GRM
  • 7-Bedroom Single Family Residence + 4-Bedroom ADU Constructed in 2019
  • Annual Gross Income: $132,000/Year
  • Just Blocks To The USC Campus & University Village
  • Tenants Pay All Utilities: Gas, Water, Trash, & Electricity, Helping Minimize Landlord Expenses And Maximize NOI
  • Located In The Dept. Of Public Safety (DPS) Patrol Zone

OVERVIEW

The Davis Saadian Group is pleased to present the opportunity to acquire 1449 W. 28th Street, a fully renovated 11-bedroom + 7-bathroom student housing investment located in the highly coveted West of Campus neighborhood within the USC 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. Currently occupied by USC students, the property generates slightly above $11,000 per month in gross income. Backed by a proven operational history, parental guarantees, and strong in-place cash flow, the asset delivers immediate yield and stable income from day one. The offering consists of a beautifully upgraded 1903 Craftsman single family residence with 7-bedrooms + 4-bathrooms, paired with a newer detached ADU built in 2019, featuring 4-bedrooms + 3-bathrooms. Together, the structures total approximately 3,287 rentable square feet on a 6,754 square foot lot. Both structures have undergone extensive renovations with modern, high-end finishes throughout, including hardwood flooring, updated countertops, stainless steel appliances, tiled showers with glass enclosures, in-unit washers and dryers, furnished bedrooms, fully updated kitchens and bathrooms, recessed lighting, and contemporary fixtures. Operationally, the asset is exceptionally efficient. Tenants are responsible for all utilities, including gas, water, trash, and electricity, helping minimize landlord expenses and maximize net operating income. Priced at a 7% cap rate and 11x GRM, the property combines immediate cash flow, low-maintenance ownership, and long-term upside in one of LA's most consistently performing rental markets. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services. Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$435 USD /SF

# OF UNITS

2

PRICE/UNIT

$747,500

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7% Cap Rate | USC Student Housing Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1903

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,756 SF

ZONING

LAR2

APN/PARCEL ID

5054-032-020

ASK ABOUT THIS PROPERTY

Davis SaadianDavis Saadian GroupMore Info
310-402-8958

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Davis SaadianDavis Saadian GroupMore Info
310-402-8958

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.