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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,195,000

Est. payment - /mo

8 Beds

5 Baths

2,597 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,597 sqft

Price per Sqft $460

MLS Listing ID 25562737

Bedrooms 8

HOA Y/N No

Year Built 1922

Lot Size 7,431 Sqft

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 a couple 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 on a 7,430 SF Lot. Current income is $7,743/month. The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $5,500/month, fully occupied with USC students. The front house has been completely remodeled and thoughtfully upgraded with over $150,000 in capital improvements. Featuring modern finishes, updated systems, and designer touches throughout, this home is in excellent, turn-key condition. From the sleek kitchen and stylish bathrooms to the upgraded flooring, windows, and fixtures, every detail has been meticulously updated to offer both comfort and contemporary appeal. 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 ($1,268/month). Priced at a current 6.1% Cap Rate excellent cash flow investment with approximately 50% upside in potential rents. Bring all offers - Please email the listing agent for the executive summary/ financial analysis.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms Shed(s)

Interior

Heating Combination, Central

Cooling Dual

Fireplace No

Appliance Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway, Gated

Total Parking Spaces 3

Building

Story 1

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5054031019

Special Listing Condition Standard

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Listed by Davis Saadian Keller Williams Hollywood Hills

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1475 W 28th ST Los Angeles, CA 90007