Los Angeles, CA 90007,1475 W 28th St
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Los Angeles, CA 90007,1475 W 28th St
Los Angeles, CA 90007,1475 W 28th St
Los Angeles, CA 90007,1475 W 28th St
Los Angeles, CA 90007,1475 W 28th St
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$ 1,195,000
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1475 W 28th St Los Angeles, CA 90007

8 Beds

5 Baths

2,597 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,597 sqft

Price per Sqft $460

MLS Listing ID 25562737

Bedrooms 8

Year Built 1922

Lot Size 7,432 Sqft

Acres 0.1706

Property Sub-Type Multi-Family

Property 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 a couple 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 $7,743/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $5,500/month, fully occupied with USC students. The front house has been completely remodeled and thoughtfully upgraded with over $150,000 in capital improvements. Featuring modern finishes, updated systems, and designer touches throughout, this home is in excellent, turn-key condition. From the sleek kitchen and stylish bathrooms to the upgraded flooring, windows, and fixtures, every detail has been meticulously updated to offer both comfort and contemporary appeal. 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 ($1,268/month). Priced at a current 6.1% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents. Bring all offers - Please email the listing agent for the executive summary/ financial analysis.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms Shed(s)

Interior

Heating Combination, Central, Other

Cooling Dual, Other, Air Conditioning

Equipment Washer, Other, Refrigerator, Recirculated Exhaust Fan, Range/Oven, Freezer, Dryer, Garbage Disposal

Exterior

Parking Features Gated, Driveway, Other

Garage Spaces 3.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Keller Williams Hollywood Hills

GET MORE INFORMATION

Name

Phone*

Message

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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