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… Read More 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. Read Less
Property listed by KW Advisors, Davis Saadian 310-482-2200
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
8
Square Ft.
2,597
Lot Size
0.17 Acres
Year Built
1922
MLS Number
25484135
30 Days Snapshot Of 90007
$1,055k
0%
(avg) sold price
0
-100%
homes sold
77
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Refrigerator, Dryer, Washer
Building
Built in 1922, Building area total: 2,597, Levels: One, Living area: 2597, 1 story, 2 buildings
Cooling
Dual
Income
Gross income: $104,700, Net operating income: $83,702
Lot
0.1706 acres, 7,432 square feet, Size: 7,432
Parking
3 totals parking
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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