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$ 1,050,000
Est. payment | /mo
8 Beds
5 Baths
2,597 SqFt
$ 1,050,000
Est. payment | /mo
8 Beds
5 Baths
2,597 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,597 sqft
Price per Sqft $404
MLS Listing ID 26959483
Bedrooms 8
HOA Y/N No
Year Built 1922
Lot Size 7,431 Sqft
Property Description
We are pleased to present a rare opportunity to acquire 1475 W. 28th Street, a three (3) unit, eight (8) bedroom student housing investment located in the highly sought-after DPS Patrol Zone, just blocks from the University of Southern California (USC). This single-story wood frame and stucco building sits on a raised foundation, offering 2,597 SF of living space on a generous 7,430 SF lot. The property is fully occupied by USC students and currently generates $7,743/month in income, with approximately 50% upside in potential rents. The front single-family residence features 5 bedrooms and 3 bathrooms, generating $5,500/month in income. This home has undergone a complete, high-end remodel with over $150,000 in capital improvements-delivering a true turn-key investment. From the sleek, modern kitchen and designer bathrooms to the upgraded flooring, windows, systems, and fixtures, every detail has been thoughtfully executed for lasting appeal and minimal deferred maintenance. Two detached units at the rear of the lot round out the offering: a 1-bedroom, 1-bathroom unit ($975/month) and a 2-bedroom, 1-bathroom unit ($1,268/month). Priced at a strong current 7% cap rate, this is an exceptional cash-flowing investment with significant rent growth potential in one of USC's most in-demand rental submarkets-a compelling opportunity for investors seeking stable income today and meaningful upside tomorrow.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Rooms
Other Rooms Shed(s)
Interior
Heating Electric, Heat Pump
Cooling Electric
Fireplace No
Appliance Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Gated, Private
Total Parking Spaces 2
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
Listed by Davis Saadian Keller Williams Hollywood Hills #01921748
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