1475 W 28th Street
Los Angeles, CA 90007
2597 sqft | 8 beds | 0.17 acres | #24434425
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.
Interior Details
- Bedrooms8
Property Details
- Stories1
Measurements
- Acres0.1706
- Square Feet2597
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1922
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,285,000
Other
- MLS #24434425
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Davis Saadian (#CLW-C114727)
Listing Office: KW Advisors (#CLW-X74717)
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