$ 1,195,000
-
$1,195,000
Price -
8
Bed -
5
Bath -
2,597
SqFt
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About the Listing X7252101 - C114727
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.
Listing Highlights for 1475 W 28th St
Status
Active
Days on Site
62
Property Type
Multi-Family
MLS ®
25562737
Year Built
1922
Total Square Footage
2,597
Lot/Acreage
0.17
County
Los Angeles
Area
Mid Los Angeles
Interior Details
- Bedrooms: 8
- Bathrooms: 5 Full
- Appliances: Washer, Other, Refrigerator, Recirculated Exhaust Fan, Range/Oven, Freezer, Dryer, Garbage Disposal
- Air Cond: Dual,Air Conditioning
- Heating: Combination,Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: LAR2
- Roof:
- Others: Shed(s)
- Sewer:
- Parking Features: Gated,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5054-031-019
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
1475 W 28th St Los Angeles, CA 90007
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