1475 28th Street, Los Angeles, CA 90007
  • MLS#: 25484135 ( )
  • Street Address: 1475 28th Street
  • Viewed: 1
  • Price: $1,270,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1922
  • Bldg sqft: 0
  • Days On Market: 180
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90007
  • Provided by: KW Advisors
  • Contact: Davis Davis
  • California Regional MLS IDX
  • DMCA Notice
  • 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 on a 7,430 SF Lot. Current income is $8,725/month. The front single family residence consists of 5 bedrooms + 3 bathrooms, with a total income of $6,500/month, fully occupied with USC students. 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 6.75% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Appliances
  1. Disposal
  2. Refrigerator
Building Area Total
  1. 2597.00
Cooling
  1. Dual
Country
  1. US
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. One
Netoperatingincome
  1. 83702.00
Parcel Number
  1. 5054031019
Postalcodeplus4
  1. 2948
Sourcesystemkey
  1. 25-484135:CLAW
Totalexpenses
  1. 20998.00
Year Built
  1. 1922
Zoning
  1. LAR2