1475 W 28th ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90007
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,597 sqft
Price per Sqft $489
MLS Listing ID 25484135
Bedrooms 8
HOA Y/N No
Year Built 1922
Lot Size 7,431 Sqft
Property Description
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 on a 7,430 SF Lot. Current income is $8,725/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $6,500/month, fully occupied with USC students. 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 6.75% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Cooling Dual
Fireplace No
Appliance Disposal,Refrigerator,Dryer,Washer
Exterior
Total Parking Spaces 3
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5054031019
Special Listing Condition Standard