1475 W 28th Street , Los Angeles, CA 90007
Los Angeles, CA 90007
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.
Details
| Mls | 24434425 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 101 |
| Listing Provided By | KW Advisors 310-482-2200 | Davis Saadian |
Features
| Beds | 8 |
|---|---|
| Baths | 5 |
| Sq Feet | 2,597 |
| Storys | 1 |
| Units | 3 |
| Buildings | 3 |
| Zoning | LAR2 |
| Acreage | 0.17 |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90007) | |
Price: $1,285,000 low | high Med: $1,299,500 SqFt: 2,597 low | high Med: 2,519 $ / SqFt: $495 low | high Med: $534 On Site: 101 low | high Med: 522.500000 | |
