CA > Los Angeles
Los Angeles, CA 90007,1455 W 28th ST
Los Angeles, CA 90007,1455 W 28th ST
Los Angeles, CA 90007,1455 W 28th ST
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Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 681-1222
$1,850,000
Est. payment /mo
12 Beds
7 Baths
3,583 SqFt
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UPDATED:

09/30/2024 05:55 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,583 sqft

Price per Sqft $516

MLS Listing ID 24413225

Bedrooms 12

HOA Y/N No

Year Built 1910

Lot Size 5,671 Sqft

Acres 0.1302

Property Description

We are pleased to offer the opportunity to acquire this high yield 7.71% Cap 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 comprising 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). The property is located in the HPOZ (Historic Zone).

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Fireplace No

Exterior

Total Parking Spaces 2

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5054032021

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Adam Shamooelian • Keller Williams Beverly Hills
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