1475 W 28Th Street

Los Angeles, CA 90007

$1,285,000

List Price

8

bed Beds

5

shower Baths

2,597 sqft

straighten / sqft

1922

calendar_month Built

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. 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

List Price $1,285,000
Status Active
MLS 24434425
Type Residential Income
Year Built 1922
Lot Size 7,432
Structure Size 2,597
DOM 8
Courtesy Of KW Advisors
Listing Agent Davis Saadian DRE#01921748

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 5

Exterior Information

Maps

Listing information courtesy of: Davis Saadian, KW Advisors . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:22 PM 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.