1444 W 28TH Street, Los Angeles, CA 90007

About this property

We are pleased to offer for sale this nine (9) unit student housing investment opportunity located at 1444 W. 28th Street, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1923, with a square footage of 5,512 on a 6,780-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of seven (7) singles, one (1) 1+1 unit, and one (1) 4+2 unit. The subject property is 100% occupied, and is subject to the City of Los Angeles rent control regulation.The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, six (6) on-site parking spaces, updated copper plumbing, and individually metered for gas & electricity.

Listing description from the June 2018 sale, as reported to CRMLS.

Sale history

$1,985,000

Sold June 2018 · listed $1,995,000, on market May 2018 · MLS #18342154 · Source: CRMLS

Listing Agent: Davis Saadian · Listing Office: BRC Advisors · Contact: 213-226-8700 · Bought with: Orna Saghian · Pinnacle Estate Properties, In

$1,500,000

Sold November 2015 · listed $1,650,000, on market October 2015 · MLS #15949471 · Source: CRMLS

Listing Agent: Jason Tuvia · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Subscriber Non · Non-Participant Office

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