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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1449 W 28th Street Los Angeles, CA 90007
$1,495,000 11 beds, 7 baths
3, 287 sqft
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Photo of Rachelle Levin

Rachelle Levin REALTORĀ® - Sales Associate 949-793-2010 m
949-793-2010 o
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com
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Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com
Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
Phone: 949-499-5900
Fax: 949-499-1414
Laguna Beach 30812 South Coast Hwy
Laguna Beach, CA 92651
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Agent Remarks

We are 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26834529
List price is $1,495,000
Beds: 11
Baths: 7
Built in 1903
3,287 sqft
2 stories
0.16 acres
Lot size: 0.1551
County: Los Angeles
Property style: Craftsman
Zoning: LAR2
Appliances: Dishwasher,Refrigerator,Dryer,Washer
Parking description: Driveway
MLS area: C16 - Mid Los Angeles

Last Updated: 5/23/2026

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This listing belongs to the C16 - Mid Los Angeles MLS area

The style of this listing is Craftsman.
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Lat/Long: 34.029847, -118.293090.
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Listing Agent: Davis Saadian
Lic#: 01924622
Office Name: Laguna Beach

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Total population of , which has changed by % since 1990.
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Out of households, are families.

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Photo of Rachelle Levin

Rachelle Levin REALTORĀ® - Sales Associate 949-793-2010 m
949-793-2010 o
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com

Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
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