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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,495,000

Est. payment - /mo

16 Beds

12 Baths

5,108 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,108 sqft

Price per Sqft $684

MLS Listing ID 26638151

Bedrooms 16

HOA Y/N No

Year Built 1913

Lot Size 6,346 Sqft

Property Description

We are pleased to present a premier student housing investment opportunity at 1220 W. 27th Street, located just steps from the University of Southern California.Situated north of campus within the highly sought-after DPS Patrol Zone, this property benefits from exceptional security, walkability, and consistent demand driven by USC's expanding student population.The asset features a two-story wood-frame and stucco building on a raised foundation, offering 5,108 square feet of living space on a 6,346 square foot lot. The property underwent a comprehensive renovation in 2024 and showcases modern, high-demand finishes including luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washer/dryers, double-pane windows, copper plumbing, and an upgraded electrical panel. The roof is in excellent condition, providing peace of mind and minimal deferred maintenance for new ownership.Currently configured as 16 bedrooms, the property is fully leased to USC students and generates strong in-place income of $23,225 per month. Each unit is individually metered for gas and electricity, helping keep operating expenses low and improving overall efficiency.A compelling value-add opportunity exists through the property's oversized lot, which allows for the development of two ADU. Upon completion, projected gross income increases to approximately $32,500 per month, significantly enhancing cash flow and long-term returns.With its unbeatable location, modern upgrades, strong in-place income, and clear upside through future development, 1220 W. 27th Street represents a rare opportunity to acquire a turnkey, cash-flowing student housing asset in one of Los Angeles' most competitive and supply-constrained rental markets. The asset is currently priced at a current 6.5% Cap Rate. Please email for the Financial Analysis/ Executive Summary.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD1.5

Interior

Heating Combination

Cooling Dual

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Gated, Private

Total Parking Spaces 10

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5055027008

Special Listing Condition Standard

Read Less Info

Listed by Davis Saadian Keller Williams Hollywood Hills

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Equitas Academy Charter

Public | KG - 5
8

Queen Anne Place Elementary School

Public | KG - 5
8

Hoover Street Elementary

Public | KG - 5
8

Global Education Academy

Public | KG - 5
8

Synergy Charter Academy

Public | KG - 5
8

Celerity Dyad Charter

Public | KG - 8
7

New Heights Charter

Public | KG - 8
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
7

Aspire Juanita Tate Academy

Public | KG - 6
7

Equitas Academy Charter #2

Public | 5 - 8
6

Wilshire Park Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
6

Menlo Avenue Elementary

Public | KG - 5
6

Downtown Value

Public | KG - 8
6

Thirty-Second Street Usc Performing Arts

Public | KG - 12
6

Betty Plasencia Elementary

Public | KG - 5
6

Center for Advanced Learning

Public | KG - 5
6

20th Street Elementary School

Public | KG - 5
5

Wilton Place Elementary

Public | KG - 5

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

Alliance Ouchi-O'Donovan 6-12 Complex

Public | 6 - 12
6

Virgil Middle School

Public | 6 - 8
6

New Designs Charter

Public | 6 - 12
5

Pico Pico Middle School

Public | 6 - 8
5

Synergy Kinetic Academy

Public | 6 - 8
4

Foshay Learning Center

Public | 6 - 12
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
4

John Adams Middle School

Public | 6 - 8
4

Dr. Julian Nava Learning Academy - School of Business & Tech

Public | 6 - 8
3

Animo Jefferson Charter Middle School

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Audubon Middle School

Public | 6 - 8
1

View Park Preparatory Accelerated Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Barack Obama Global Preparation Academy

Public | 6 - 8

High Schools 20

9

Alliance Dr. Olga Mohan High School

Public | 9 - 12
9

Downtown Business High School

Public | 9 - 12
8

Wallis Annenberg High School

Public | 9 - 12
8

Alliance College-Ready Academy High No. 5

Public | 9 - 12
8

Orthopaedic Hospital

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Animo Jackie Robinson High School

Public | 9 - 12
7

Alliance College-Ready Academy High No. 16

Public | 9 - 12
7

Student Empowerment Academy

Public | 9 - 12
7

Ramon C. Cortines School of Visual and Performing

Public | 9 - 12
6

Crenshaw Arts-Technology Charter High School

Public | 9 - 12
6

Usc Hybrid High School

Public | 9 - 12
6

Animo Ralph Bunche High School

Public | 9 - 12
5

View Park Preparatory Accelerated High School

Public | 9 - 12
5

Belmont Sh-la Teacher Preparatory Academy

Public | 9 - 12
5

Camino Nuevo Charter High School

Public | 9 - 12
5

Roybal Learning Center

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
4

Synergy Quantum Academy

Public | 9 - 12

School and business data provided by Attom Data.

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1220 W 27th ST Los Angeles, CA 90007