1475 W 28th Street Los Angeles, CA 90007
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site32 Days
- MLS StatusActive
- MLS ID Number24434425
- Home Size Source N/A
- Year Built1922
- Lot Size0.1706 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Private
- Parking Spaces 4
- Number of Stories 11
- Acreage 0.1706
- Zoning LAR2
- Listing Conditions Standard
Interior Features
- Appliances DisposalRefrigerator
Community Features
- Senior Community No
- MLS Area C16 - Mid Los Angeles