We are pleased to present the opportunity to acquire 1535 W.

28th Street, an incredible redevelopment opportunity with RTI Plans and Permits, located in the highly desirable DPS Patrol Zone and close proximity to the University of Southern California (USC) and Village. The existing duplex consists of two (2) open vacant 2-bedroom + 1-bathroom units, (each unit is approximately 1, 000 SF). The RTI plans and permits hav SB8 Clearance and been approved to have a total three (3) units on this expansive 6, 759 SF (LARD1.5) lot, each unit consisting of 3-bedroom + 3-bathroom units.

A developer can further i ncrease cash-flow by converting the garage into a 4th unit, consisting of a 3-bedroom + 3-bathroom accessory dwelling unit (ADU). Upon completion, an investor will have a total of four (4) units, 12-bedrooms + 12-bathrooms. Finalized constructed units will have a scheduled income of approximately $18, 000/month. 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.

Request Information
on 1535 W 28th St
in Los Angeles, CA
Presented by Davis Saadian at
Carolwood Estates.


Property MLS #24-407375 from TheMLSCLAW

+ Reveal additional info including schools and tax history

+ Toggle All

+ Bedrooms

Bedrooms: 4

+ Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

+ Exterior and Lot Features

Other Structures: Shed(s)

+ Land Info

Lot Size Acres: 0.1552112
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6761

+ Garage and Parking

Garage Description: Garage, Private
Parking Total: 6

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 3
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 3, 1 SquareFeet: 4500, 2 BedsTotal: 3, 2 BathsTotal: 3, 2 SquareFeet: 4500, 3 BedsTotal: 3, 3 BathsTotal: 3, 3 SquareFeet: 4500, 4 BedsTotal: 3, 4 BathsTotal: 3, 4 SquareFeet: 4500

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Cap Rate: 10.8
Directions: 1535 W. 28th Street | Los Angeles 90007
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5054-031-026
Zoning: LARD1.5
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-06-24
$1,500,000
TheMLSCLAW

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Listing removed 2024-06-21
$0
TheMLSCLAW

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Listed 2024-05-14
$1,595,000
TheMLSCLAW

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Sold 2018-10-30
$720,000
CRMLS

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Price Changed 2018-09-24
$799,880
CRMLS

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Price Changed 2018-09-08
$799,888
CRMLS

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Price Changed 2018-08-22
$824,888
CRMLS

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Listed 2018-08-13
$824,999
CRMLS

+ Commercial Info

Net Operating Income: 162000

+ Building and Construction

Total Square Feet Living: 1849
Year Built: 1953
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 71
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

+ Home Features

Other Equipment: Range/Oven, Refrigerator, Freezer, Dryer, Washer

+ Display Complete School Details

Vermont Avenue Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

Foshay Learning Center is a public elementary, middle and high school located approximately 1 miles away.
Map directions

St. Agnes Parish School is a private elementary and middle school located approximately 0.2 miles away.
Map directions