1475 W 28TH Street, Los Angeles, CA 90007
Property · 2 recorded sales since 2022
Sold August 2022
Listing Agent: Davis Saadian (DRE #01921748) · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Davis Saadian · Keller Williams Beverly Hills · MLS #22167677 · Source: CRMLS
About this property
We are pleased to offer the opportunity to acquire this three (3) unit, six (6) bedroom + four (4) bathroom value-add student housing investment, located in the DPS Patrol Zone and walking distance to the University of Southern California (USC). The property is approximately 2,597 rentable square feet on a 7,430 square foot lot, with a unit mix consisting of one (1) vacant 3-bedroom + 2-bathroom unit, one (1) 2-bedroom + 1-bathroom unit, and one (1) 1-bedroom + 1-bathroom unit. The vacant unit allows an investor the opportunity to implement interior renovations, update/remodel the unit, rent to USC students, and achieve market rents. The other two units are currently not leased to students, and there's over 50% potential upside in rental income. To further increase cash flow, the lot size allows an investor the opportunity to construct an Accessory Dwelling unit (ADU). The property offers residents a highly desirable location, within the DPS Patrol Zone, and walking distance to campus and University Village - providing easy access to all of USC's landmarks, academic buildings, and entertainment options.
Listing description from the August 2022 sale, as reported to CRMLS.
Sale history
