1455 28th Street, Los Angeles

$1,850,000

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12

Beds

7

Baths

3,583

Square feet

0.13

Acres

About 1455 28th Street

We are pleased to offer the opportunity to acquire this high yield 7.71% Cap three (3) unit, 12 bedroom + 7 bathroom Student Housing investment opportunity, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property is approximately 3,583 rentable square feet on a 5,672 square foot lot. The property has two (2) separate structures, with a unit mix of a duplex in the front comprising of 5 bedroom + 3 bathroom units. As well as an additional structure in the rear consisting of a 2 bedroom + 1 bathroom unit (non-conforming). All three units have been remodeled in 2021, with brand new flooring, updated electrical, brand new mini-split AC systems, brand new kitchens, and an in-unit washer & dryer. The investment is 100% occupied with USC students and fully leased for the 2024-2025 academic school year. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk lease investment that is poised for continued growth and excellent operating fundamentals. The property is currently grossing $14,240 per month with the tenants paying for all utilities of the property including Water/Gas/Electric. In addition, there's an excellent value-add opportunity to construct an ADU, and further increase cash flow for any investor (Buyer to Verify).

Features of 1455 28th Street

MLS® # 24413225
Price $1,850,000
Bedrooms 12
Bathrooms 7.00
Square Footage 3,583
Acres 0.13
Year Built 1910
Type Residential Income
Status Active

Community Information

Address 1455 28th Street
Area C16 - Mid Los Angeles
City Los Angeles
County Los Angeles
Zip Code 90007

Amenities

Parking Spaces 2
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Multi/Split

Additional Information

Date Listed July 10th, 2024
Days on Market 15
Zoning LAR2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAdam Shamooelian
OfficeKeller Williams Beverly Hills

Listing Map

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