2 months on rocket

1475 W 28th St, Los Angeles, CA, 90007

$1,285,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Baths
2,597 SqFt
$495/SqFt
House

Location

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1475 W 28th St, Los Angeles$1,285,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingPrivate
Year Built1922
MLS #24434425
Lot Size0.17 Acres
StatusActive

About 1475 W 28th St

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 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. The expansive 7,430 SF lot allows an investor to add significant value to the property by demolishing the two detached back units, and constructing two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms (8-bedrooms + 8 bathrooms). The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $6,500/month. 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 ($1,250/month). Priced at a current 6.5% Cap Rate excellent cash flow investment with potential upside in rents.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1
  • Living Area: 2,597 SqFt

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Davis Saadian

Interior Features

Interior Information:

  • Appliances: Disposal, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Private

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Other

Directions Information:

  • Directions: 1475 W. 28th Street | Los Angeles, CA 90007

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,285,000
  • Price Per SqFt: $495/SqFt

Tax Information:

  • Annual Amount: $4,151
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1475 W 28th St vs Los Angeles

80 DAYS ON ROCKET

+42 Days

$1,285,000

+$261.5K More

$495/SqFt

-$146 Less

KEY TAKEAWAY

This property is $261.5K more than the Median Sold Price and $146/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24434425

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Davis Saadian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 12, 1999Home Sold
$215,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,151$314,268
2020$4,035$311,047
2019$3,936$304,949
2018$3,858$298,971
2017$3,858$293,109

History based on county public records data.

Payment Calculator

$6,481

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,919

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-522764
6
/10

  • Vermont Avenue Elementary

  • 1435 W 27th St

  • 0.10 miles

  • Public District Grades KG-5

school-card-donut-522765
3
/10

  • John W. Mack Elementary

  • 3020 S Catalina St

  • 0.22 miles

  • Public District Grades KG-5

school-card-donut-522766
3
/10

  • STEM Preparatory Elementary School

  • 1374 W 35th St

  • 0.50 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,711. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1475 W 28th St

What is the listing price of this property?

The listing price of 1475 W 28th St property is $1,285,000.

What type of property is this?

The property 1475 W 28th St is a house located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 1475 W 28th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,151 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 12, 1999 for $215,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1475 W 28th St has 8 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 1475 W 28th St is 2,597 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1475 W 28th St is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90007›1475 W 28th St

This home is located at 1475 W 28th St in Los Angeles, CA and zip code 90007 in the South LA neighborhood. This 2,597 square foot home, which was built in 1922, sits on a 0.17 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 02, 2024 and is currently priced at $1,285,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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