Courtesy of: Davis Saadian, Keller Williams Hollywood Hills, davis@saadiangroup.com
Courtesy of: Davis Saadian, Keller Williams Hollywood Hills, davis@saadiangroup.com
$1,195,000
|
8 bed
|
|
Lot: 0.17 Acres
|
|
Other
|
$1,195,000
1475 W 28th St 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.
Courtesy of: Davis Saadian, Keller Williams Hollywood Hills, davis@saadiangroup.com
Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.