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Property Description

We are pleased to present the opportunity to acquire 1220 W. 27th Street, a sixteen (16) bedroom student housing investment, located North of campus, in the prestigious DPS Patrol Zone, and just steps to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 5,108 SF on a 6,346 SF lot. The property and all units were recently updated & remodeled – featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, in-unit washer/ dryers, and individually metered for gas & electricity. The expansive lot size allows an investor to add significant value to the property by constructing two (2) 5-bedroom + 4-bathroom ADU’s to further increase cash-flow, generating an even higher yield/ net income. The asset is fully occupied with students, and the total gross income is $25,190/month. With the construction of two ADU’s, the total income will be approximately $37,500/month.

Features
: Dual
2
: Dryer Included, Washer Included
0
Additional Information
Carolwood Estates
0
CLW-C114727
CLW-X83363
Davis
5055027008
: Standard
Two
32

Multi-Family For Sale

1220 27th Street, Los Angeles, California 90007

5,108 Sqft
$3,995,000
Listing ID #24399135
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24399135
Price : $3,995,000
Living Area : 5,108 Sqft
Lot Size : 6,373 Sqft
Year Built : 1913
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $782
ModificationTimestamp : 2024-06-11 05:06:09
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