$1,285,000
1475 W 28th St, Los Angeles, CA 90007
- 8Beds
- 5Baths
- 2597SqFt
- 8Beds
- 5Baths
- 2597SqFt
- Property TypeCondo
- Year Built1922
- Price per Sqft$495
- On highrises81 Days
Property Details
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.
Property Features
Bedrooms
- Bedrooms: 8
Property History
Neighborhood
Environmental Risk
- Presented by:
- Davis Saadian
- state license#01921748
- Brokered by:
- KW Advisors
- (310) 482-2200