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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 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. The expansive 7,430 SF lot allows an investor to add significant value to the property by demolishing the two detached back units, and constructing two (2) ADU’s, each consisting of 4-bedrooms + 4-bathrooms (8-bedrooms + 8 bathrooms). Fully constructed, there will be a total of 3 units, with a total of 13-bedrooms + 11-bathrooms. Current income is $8,725/month Finalized constructed units will have a scheduled income of approximately $18,500/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $6,500/month. 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).

Features
1
: Dryer Included, Washer Included
0
Additional Information
Carolwood Estates
0
CLW-C114727
CLW-X83363
Davis
5054031019
: Standard
One
32
: Shed(s)

Multi-Family For Sale

1475 28th Street, Los Angeles, California 90007

2,597 Sqft
$1,295,000
Listing ID #24407377
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24407377
Price : $1,295,000
Living Area : 2,597 Sqft
Lot Size : 7,432 Sqft
Year Built : 1922
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $499
ModificationTimestamp : 2024-07-02 05:06:41
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