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For sale
  • Listed by: IRN Realty • Gina Ma • Contact: 626-215-5788
    $2,450,000

    1188 W 28th St, Los Angeles, CA 90007

    13beds
    8baths
    3,572sqft
    : 
    $16,326/mo
    Get pre-qualified
    Multi Family
    Built in 1902
    -- sqft lot
    $-- Zestimate®
    $686/sqft
    $-- HOA

    What's special

    If you know USC, you know this is truly Best Location Ever!! Not only the Location, but also the Lot size almost 9000 s.f.!!! Soo rare to find! ADU possibility!! Buyer to verify!! This is Both Investors' and Students' dreaming location for Value-add USC off Campus Student Housing Investment Opportunity! Must check out this location!!! Only 2 blocks away North of USC village, mins walking to USC!!! Located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, and all rooms pre-leased for the upcoming 2026-2027 school year with USC students already. Currently collecting gross rents of $12,500/month which is way not high enough at that location due to seller's limited time on managing. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5, possibility building more units and/or ADU in the back huge yard! The property is approximately 3572 s.f., 8712 s.f. lot, 13 bed, 8 bath, living rooms, and on-site laundry room...This property has charming turn of the century details that you will adore. As a bonus, this Property offers about 8 PRIVATE PARKING SPACES which are the the students favorites. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property should be collecting gross rents around $18K/month, then GRM should be around 9. Don't miss !
    116 days
    37
    1

    Zillow last checked:

    Listing updated:

    Listed by:

    Gina Ma DRE #01426061 626-215-5788,

    IRN Realty

    Source: CRMLS,MLS#: AR26141332MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 13
      • Bathrooms: 8
      Appliances
      • Laundry: Inside, Laundry Room
      Features
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 3,572
      • Total interior livable area: 3,572 sqft

      Property

      Parking
      • Total spaces: 9
      • Parking features: Garage
      • Garage spaces: 1
      • Uncovered spaces: 8
      Features
      • Entry location: front door
      • Pool features: None
      Lot
      • Size: 8,712 Square Feet
      • Features: Sprinklers In Front, Sprinklers Timer
      Details
      • Parcel number: 5055028011
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • New construction: No
      • Year built: 1902

      Utilities & green energy

      • Sewer: Unknown
      • Water: See Remarks

      Community & HOA

      Community
      • Features: Sidewalks
      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $686/sqft
      • Tax assessed value: $2,543,714
      • Date on market: 6/29/2026
      • Cumulative days on market: 116 days
      • Listing terms: Cash,Cash to New Loan,1031 Exchange

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/18/2026Contingent$2,450,000$686/sqft
        Source: CRMLS #AR26134176 Report a problem
        6/21/2026Listed for sale$2,450,000+4.3%$686/sqft
        Source: CRMLS #AR26134176 Report a problem
        3/31/2022Sold$2,350,000+56.7%$658/sqft
        Source: Public Record Report a problem
        3/25/2022Pending sale$1,500,000$420/sqft
        Source: CRMLS #SR22054861 Report a problem
        3/19/2022Listed for sale$1,500,000$420/sqft
        Source: CRMLS #SR22054861 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $2,543,714 +2%
        2025$30,178 +1.2%$2,493,838 +2%
        2024$29,826 +2%$2,444,940 +2%
        2023$29,248 +2599.7%$2,397,000 +4071.5%
        2022$1,083 +3.7%$57,462 +2%
        2021$1,045 -0.1%$56,336 +1%
        2020$1,046 $55,759 +2%
        2019$1,046 +12.3%$54,667 +2%
        2018$932 $53,596 +2%
        2017$932 +1.5%$52,546 +2%
        2016$918 +7.8%$51,517 +1.5%
        2015$851 -0.6%$50,744 +2%
        2014$857 $49,751 +2.5%
        2012-- $48,557 +2%
        2011-- $47,605 +0.7%
        2010-- $47,251 -0.2%
        2009-- $47,365 +2%
        2008-- $46,437 +2%
        2007-- $45,528 +2%
        2006-- $44,636
        2005-- $44,636 +4%
        2004-- $42,904 +1.9%
        2003-- $42,119 +2%
        2002-- $41,294 +4%
        2000-- $39,692
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: University Park

        Getting around

        85 / 100
        Very Walkable
        70 / 100
        Excellent Transit

        Nearby schools

        GreatSchools rating

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