Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

We are pleased to offer the opportunity to acquire this high yield 7.86% Cap renovated three (3) unit, 12 bedroom + 7 bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 3,583 rentable square feet on a 5,672 square foot lot.The property has two (2) separate structures, with a unit mix of a duplex in the front comprised of 5 bedroom + 3 bathroom units. As well as an additional structure in the rear consisting of a 2 bedroom + 1 bathroom unit (non-conforming). All three units have been remodeled in 2021, with brand new flooring, updated electrical, brand new mini-split AC systems, brand new kitchens, and an in-unit washer & dryer.The investment is 100% occupied with USC students and fully leased for the 2024-2025 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk lease investment that is poised for continued growth and excellent operating fundamentals. The property is currently grossing $14,240 per month with the tenants paying for all utilities of the property including Water/Gas/Electric. In addition, there’s an excellent value-add opportunity to construct an ADU, and further increase cash flow for any investor (Buyer to Verify). Property is in an Historic Overlay Zone.

Features
2
0
Additional Information
Keller Williams Beverly Hills
0
CLW-C136898
CLW-X74054
Adam
5054032021
: Standard
Multi/Split
32

Multi-Family For Sale

1455 28th Street, Los Angeles, California 90007

3,583 Sqft
$1,795,000
Listing ID #24413225
Basic Details
Status : Active
DaysOnMarket : 117
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24413225
Price : $1,795,000
Living Area : 3,583 Sqft
Lot Size : 5,672 Sqft
Year Built : 1910
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90007
Price Per Square Foot : $501
ModificationTimestamp : 2024-11-04 12:27:00
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent