1475 W 28th St Los Angeles, CA 90007
Adams-Normandie NeighborhoodEstimated payment $7,521/month
Total Views
1,532
8
Beds
5
Baths
2,597
Sq Ft
$460
Price per Sq Ft
Highlights
- Gated Parking
- Two cooling system units
- 1-Story Property
- Shed
- Central Heating
- 3-minute walk to Richardson Family Park
About This Home
We are pleased to present the opportunity to acquire 1475 W. 28th Street, a three (3) unit, eight (8) bedroom student housing investment, located in the prestigious DPS Patrol Zone, and just a couple blocks to the University of Southern California (USC). This single-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 2,597 SF on a 7,430 SF Lot. Current income is $7,743/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $5,500/month, fully occupied with USC students. The front house has been completely remodeled and thoughtfully upgraded with over $150,000 in capital improvements. Featuring modern finishes, updated systems, and designer touches throughout, this home is in excellent, turn-key condition. From the sleek kitchen and stylish bathrooms to the upgraded flooring, windows, and fixtures, every detail has been meticulously updated to offer both comfort and contemporary appeal. The two detached units towards the back of the lot consists of a 1-bedroom + 1-bathroom unit ($975/month) & a 2-bedroom + 1-bathroom unit ($1,268/month). Priced at a current 6.1% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents. Bring all offers - Please email the listing agent for the executive summary/ financial analysis.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,716
Year Built
- Built in 1922
Interior Spaces
- 2,597 Sq Ft Home
- 1-Story Property
Kitchen
- Oven or Range
- Recirculated Exhaust Fan
- Freezer
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 3 Parking Spaces
- Driveway
- Gated Parking
Utilities
- Two cooling system units
- Central Heating
Additional Features
- Shed
- 7,432 Sq Ft Lot
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 5054-031-019
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 | $12,716 | $1,040,400 | $624,240 | $416,160 |
| 2024 | $12,716 | $1,020,000 | $612,000 | $408,000 |
| 2023 | $12,476 | $1,000,000 | $600,000 | $400,000 |
| 2022 | $4,216 | $320,553 | $199,426 | $121,127 |
| 2021 | $4,151 | $314,268 | $195,516 | $118,752 |
| 2020 | $4,187 | $311,047 | $193,512 | $117,535 |
| 2019 | $4,036 | $304,949 | $189,718 | $115,231 |
| 2018 | $3,937 | $298,971 | $185,999 | $112,972 |
| 2016 | $3,747 | $287,363 | $178,777 | $108,586 |
| 2015 | $3,696 | $283,047 | $176,092 | $106,955 |
| 2014 | $3,730 | $277,503 | $172,643 | $104,860 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | For Sale | $1,195,000 | +19.5% | $460 / Sq Ft |
| 08/15/2022 08/15/22 | Sold | $1,000,000 | -7.0% | $385 / Sq Ft |
| 08/11/2022 08/11/22 | Pending | -- | -- | -- |
| 06/14/2022 06/14/22 | For Sale | $1,075,000 | +43.3% | $414 / Sq Ft |
| 02/11/2022 02/11/22 | Sold | $750,000 | -7.4% | $289 / Sq Ft |
| 12/02/2021 12/02/21 | Price Changed | $810,000 | 0.0% | $312 / Sq Ft |
| 12/02/2021 12/02/21 | For Sale | $810,000 | -6.9% | $312 / Sq Ft |
| 10/05/2021 10/05/21 | For Sale | $870,000 | +16.0% | $335 / Sq Ft |
| 10/01/2021 10/01/21 | Off Market | $750,000 | -- | -- |
| 09/23/2021 09/23/21 | Price Changed | $870,000 | -4.3% | $335 / Sq Ft |
| 09/21/2021 09/21/21 | Pending | -- | -- | -- |
| 08/30/2021 08/30/21 | Price Changed | $908,900 | -1.1% | $350 / Sq Ft |
| 08/09/2021 08/09/21 | Price Changed | $919,000 | -1.7% | $354 / Sq Ft |
| 05/12/2021 05/12/21 | Price Changed | $935,000 | -6.5% | $360 / Sq Ft |
| 04/05/2021 04/05/21 | For Sale | $999,990 | -- | $385 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,000,000 | Old Republic Title | |
| Grant Deed | $215,000 | Provident Title Company | |
| Gift Deed | -- | Provident Title Company | |
| Gift Deed | -- | Provident Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional | |
| Closed | $650,000 | New Conventional | |
| Previous Owner | $562,500 | New Conventional | |
| Previous Owner | $56,000 | Commercial | |
| Previous Owner | $262,500 | Unknown | |
| Previous Owner | $176,000 | Unknown | |
| Previous Owner | $193,500 | No Value Available |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: The MLS
MLS Number: 25562737
APN: 5054-031-019
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