1460 W 28th St Los Angeles, CA 90007
Adams-Normandie NeighborhoodEstimated payment $12,884/month
Total Views
11,598
11
Beds
7
Baths
4,016
Sq Ft
$507
Price per Sq Ft
Highlights
- Wood Flooring
- Central Heating
- 4-minute walk to Richardson Family Park
- Two cooling system units
- Ceiling Fan
About This Home
We are pleased to offer the opportunity to acquire two (2) student housing Single Family Residences, consisting of 11-bedrooms, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The front Single-Family Residence was built in 1913, offering 6-bedrooms + 3-bathrooms. Fully occupied with USC students, this 2,508 SF home boasts hardwood floors, a spacious kitchen with island, in-unit washer/ dryer, and elegant touches throughout. Tenants pay for all gas, electricity, and water/trash.The 2nd Single family Residence was newly constructed in 2020, offering 5-bedrooms + 4-bathrooms, with a total rentable square footage of 1,508 SF. This brand-new construction house is also fully occupied with USC students, featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. Tenants pay for all gas, electricity, and water/trash.Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the year, with a gross income of $13,450/month. The expansive lot size allows an investor to add even more value to the property by constructing a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $5,000/month), generating an even higher yield/ net income at approximately $18,450/Month - $221,400/Year. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity Landlord only pays for taxes, insurance, landscaping, and if needed, general maintenance. Currently priced at a 6.5% cap rate & 12.5x GRM (not including an ADU). With an ADU, the investment would be approximately a 9.45% cap rate & 9x GRM. Buyer to conduct own due diligence regarding ADU and zoning. Please email listing agent for the executive summary/ financial analysis.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,816
Year Built
- Built in 1906
Lot Details
- 7,427 Sq Ft Lot
- Lot Dimensions are 55x135
Interior Spaces
- 4,016 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Flooring
Kitchen
- Oven or Range
- Recirculated Exhaust Fan
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 11 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Located Outside
- Dryer
- Washer
Parking
- 5 Parking Spaces
- Driveway
Utilities
- Two cooling system units
- Central Heating
- Vented Exhaust Fan
Community Details
- 2 Buildings
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 5054-033-005
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,816 | $1,813,073 | $1,082,432 | $730,641 |
| 2024 | $21,816 | $1,777,523 | $1,061,208 | $716,315 |
| 2023 | $21,397 | $1,742,670 | $1,040,400 | $702,270 |
| 2022 | $20,404 | $1,708,500 | $1,020,000 | $688,500 |
| 2021 | $20,143 | $1,675,000 | $1,000,000 | $675,000 |
| 2020 | $11,974 | $554,728 | $303,331 | $251,397 |
| 2019 | $6,739 | $543,852 | $297,384 | $246,468 |
| 2018 | $6,674 | $533,189 | $291,553 | $241,636 |
| 2016 | $6,367 | $512,487 | $280,233 | $232,254 |
| 2015 | $6,276 | $504,790 | $276,024 | $228,766 |
| 2014 | $6,305 | $494,903 | $270,618 | $224,285 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | For Sale | $2,035,000 | -- | $507 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,675,000 | Fidelity National Title Co | |
| Grant Deed | -- | Orange Coast Title | |
| Grant Deed | $470,000 | Orange Coast Title | |
| Grant Deed | $390,000 | Usa National Title Company | |
| Trustee Deed | $262,200 | None Available | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | $655,000 | Fidelity National Title | |
| Grant Deed | -- | Fidelity National Title Co L | |
| Quit Claim Deed | -- | -- | |
| Gift Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,170,000 | Commercial | |
| Previous Owner | $26,650,000 | Commercial | |
| Previous Owner | $26,000,000 | Commercial | |
| Previous Owner | $461,487 | FHA | |
| Previous Owner | $290,000 | Seller Take Back | |
| Previous Owner | $589,500 | Balloon | |
| Previous Owner | $65,500 | Stand Alone Second | |
| Previous Owner | $40,000 | Unknown | |
| Previous Owner | $412,000 | Unknown | |
| Previous Owner | $75,000 | Unknown | |
| Previous Owner | $220,000 | Unknown |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25562037
APN: 5054-033-005
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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