1475 28th Street Los Angeles, CA 90007

Cluster Residence

8 Beds

5 Baths

... Bed/Bath

2,597 Sq. Ft.

Property Activity

Time on Site

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Last updated on 1/10/2025 5:15 AM

Listing Details

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 blocks to the University of Southern California (USC). This single-story building was constructed of wood fra...me and stucco on a raised foundation, featuring a total square footage of 2,597 SF. The expansive 7,430 SF lot allows an investor to add significant value to the property by demolishing the two detached back units, and constructing two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms (8-bedrooms + 8 bathrooms). The front single-family residence consists of 5-bedrooms + 3-bathrooms, with a total income of $6,500/month. 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 ($1,250/month). Priced at a current 6.5% Cap Rate excellent cash flow investment with potential upside in rents. Continue reading

MLS#

24434425

Property Type

Cluster

Bedrooms

Bathrooms

Year Built

1922

Square Feet

2,597 sq. ft

Lot Size

0.17