1475 W 28Th Street
Los Angeles, CA 90007
Active for $1,285,000
Beds: 8 Baths: 5 Structure Size: 2,597 sqft Lot Size: 7,432 sqft
| MLS | 24434425 |
| Year Built | 1922 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $1,285,000 |
| Structure Size | 2,597 sqft |
| Lot Size | 7,432 sqft |
| Beds | 8 |
| Baths | 5 |
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. 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.
Listing information courtesy of: Davis Saadian, KW Advisors . *Based on information from the Association of REALTORS/Multiple Listing as of 10/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Melissa Serrano
REALTOR®
Direct: 818.571.5530
Email: Email Me
DRE: 02154838
DRE #01873088
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