CA > Los Angeles
Los Angeles, CA 90007,1220 W 27th St
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Los Angeles, CA 90007,1220 W 27th St
Los Angeles, CA 90007,1220 W 27th St
Los Angeles, CA 90007,1220 W 27th St
Los Angeles, CA 90007,1220 W 27th St
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 3,795,000
Est. payment /mo
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Active

1220 W 27th St Los Angeles, CA 90007

16 Beds

9 Baths

5,108 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,108 sqft

Price per Sqft $742

MLS Listing ID 25600061

Bedrooms 16

Year Built 1913

Lot Size 6,373 Sqft

Acres 0.1463

Property Sub-Type Multi-Family

Property Description

We are pleased to present a premier student housing investment opportunity at 1220 W. 27th Street, located just steps from the University of Southern California (USC).Positioned north of campus in the highly desirable DPS Patrol Zone, this asset offers unmatched security, convenience, and demand from USC's growing student population.The property consists of a two-story wood-frame and stucco building on a raised foundation, with 5,108 SF of living space on a 6,346 SF lot. Extensively updated and remodeled in 2024, the building showcases brand-new hardwood floors, quartz countertops, stainless steel kitchen appliances, in-unit washer/dryers, double-pane windows, copper plumbing, and an upgraded electrical panel. The roof is in excellent condition, providing long-term stability and minimal deferred maintenance for new ownership.Currently configured as 16 bedrooms, the property is fully leased to USC students and generates a strong gross income of $23,333/month. There is currently one (1) vacant bedroom, that can be rented for an additional $1,500/month, which would bring the total scheduled income to $24,933/Month. Each unit is individually metered for gas and electricity, reducing operating expenses and maximizing efficiency.A major value-add component exists through the property's expansive lot size, which allows for the construction of two (2) additional ADUs, each 5-bedroom + 4-bathroom. Upon completion, these units would significantly increase rental income potential, boosting projected gross income to approximately $32,500/month and delivering an excellent yield in one of the most competitive rental markets in Los Angeles.With its prime location, modern upgrades, and clear pathway for value creation, 1220 W. 27th Street offers investors a rare opportunity to secure a turnkey, cash-flowing asset in one of the nation's most sought-after student housing markets. Priced at a 6.3% Cap Rate - Email for the Executive Summary/ Financial Analysis.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Combination, Other

Cooling Dual, Air Conditioning, Other

Equipment Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Other, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer

Exterior

Parking Features Private, Other

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Hollywood Hills

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1220 W 27th St

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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