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$2,450,000
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Property Description
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 !
Full Property Details
Full Property Details for 1188 W 28th
General
- Price: $2,450,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: AR26141332
- Updated: 6/30/2026
- Days on Market: 12 days
- Added to Site: 12 day(s) ago
Rooms
Other Rooms
- Laundry: Inside, Individual Room
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 1
Location
- Area: C16 - Mid Los Angeles
- County: Los Angeles
- Development Name: C16 - Mid Los Angeles
- Driving Directions: Hoover Blvd. to 28th St.
Utilities
- Water: See Remarks
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 1
Structural Information
- Entry Location: front door
- Square Feet: 3,572
- Year Built: 1902
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 8
- Bedrooms: 13
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size Source: Assessor
- Lot Description: Sprinklers in Front, Lot 6500-9999, Sprinklers Timer
Financial Considerations
- Price Per Sq. Ft.: $685.89
- Price Per Unit: 2450000
Listed by IRN Realty, Gina Ma
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Schools
Schools serving 1188 W 28th
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Vermont Avenue Elementary School 1435 West 27th Street, Los Angeles, CA 90007 | K-5 | 0.4 mi |
John Adams Middle School, Los Angeles, CA 151 West 30th Street, Los Angeles, CA 90007 | 6-8 | 1 mi |
Manual Arts Senior High School 4131 South Vermont Avenue, Los Angeles, CA 90037 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1188 W 28th
Date
Details
Price
Change
Source
6/29/2026
Listed
$2,450,000
4.26%
MLS
3/25/2022
Sold
$2,350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1188 W 28th
Year
Property Taxes
Change
Tax Assessment
Change
2025
$30,178
3%
$2,493,838
4%
2023
$29,248
2601%
$2,397,000
4071%
2022
$1,083
4%
$57,462
2%
2021
$1,045
—
$56,336
1%
2020
$1,046
2%
$55,759
2%
2019
$1,021
10%
$54,667
2%
2018
$932
2%
$53,596
2%
2017
$918
8%
$52,546
2%
2016
$851
1%
$51,517
2%
2015
$842
-2%
$50,744
2%
2014
$857
1%
$49,751
—
2013
$850
—
$49,527
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1188 W 28th
1188 W 28th, Los Angeles, CA 90007 (MLS# AR26141332) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 1188 W 28th is currently listed for $2,450,000 and was received on June 29, 2026. Want to learn more about 1188 W 28th? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

