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$ 1,195,000
Est. payment /mo
New
1475 W 28th ST Los Angeles, CA 90007
8 Beds
5 Baths
2,597 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,597 sqft
Price per Sqft $460
MLS Listing ID 25562737
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 a couple 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 $7,743/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $5,500/month, fully occupied with USC students. The front house has been completely remodeled and thoughtfully upgraded with over $150,000 in capital improvements. Featuring modern finishes, updated systems, and designer touches throughout, this home is in excellent, turn-key condition. From the sleek kitchen and stylish bathrooms to the upgraded flooring, windows, and fixtures, every detail has been meticulously updated to offer both comfort and contemporary appeal. 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 ($1,268/month). Priced at a current 6.1% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents. Bring all offers - Please email the listing agent for the executive summary/ financial analysis.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Rooms
Other Rooms Shed(s)
Interior
Heating Combination, Central
Cooling Dual
Fireplace No
Appliance Disposal, Refrigerator, Dryer, Washer
Exterior
Parking Features Driveway, Gated
Total Parking Spaces 3
Building
Story 1
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5054031019
Special Listing Condition Standard
Listed by Davis Saadian Keller Williams Hollywood Hills
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