1220 W 27th Street Los Angeles, CA 90007
We are pleased to present the opportunity to acquire 1220 W. 27th Street, a sixteen (16) bedroom student housing investment, located North of campus, in the prestigious DPS Patrol Zone, and just steps to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 5, 108 SF on a 6, 346 SF lot. The property and all units were recently updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, in-unit washer/ dryers, and individually metered for gas & electricity. The expansive lot size allows an investor to add significant value to the property by constructing two (2) 5-bedroom + 4-bathroom ADU's to further increase cash-flow, generating an even higher yield/ net income. The asset is fully occupied with students, and the total gross income is $25, 190/month. With the construction of two ADU's, the total income will be approximately $37, 500/month.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site14 Days
- MLS StatusActive
- MLS ID Number24399135
- Home Size Source N/A
- Year Built1913
- Lot Size0.1463 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Assigned
- Parking Spaces 9
- Number of Stories 22
- Acreage 0.1463
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Cooling Dual
- Appliances DishwasherRefrigerator
- Laundry Features Washer IncludedDryer Included
Community Features
- Senior Community No
- MLS Area C16 - Mid Los Angeles