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.
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DAYS ON MARKET
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85
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LAST UPDATED
|
10/8/2024
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|
YEAR BUILT
|
1922
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COMMUNITY
|
Mid Los Angeles
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COUNTY
|
Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| APPLIANCES |
Disposal, Refrigerator |
| AREA |
Mid Los Angeles |
| GARAGE |
Private |
| LOT |
7432 sq ft |
| PARKING |
Private |
| STORIES |
1 |
| ZONING |
LAR2 |
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Listed with KW Advisors
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/24 12:45 AM PST 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. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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