Property Description
We are pleased to offer the opportunity to acquire two (2) turn-key student housing Single Family Residences, consisting of 11-bedrooms, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The property and all eleven (11) bedrooms were completely updated & remodeled in 2022 – featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, tiled showers with glass enclosures, in-unit washer & dryers, and high-end finishes throughout the units. The investment features a new roof, updated copper plumbing, double pane windows, and individually metered for gas & electricity. The building is approximately 4,016 rentable square feet on a 7,425 square foot lot, consisting of two houses: (1) 6-bedroom + 3-bathroom house, & (1) 5-bedroom + 4-bathroom house. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 year, with a gross income of $13,450/month. There’s approximately 15% potential upside in rents, which an investor can achieve closer to about $15,000/month. The expansive lot size allows an investor to add even more value to the property by constructing a 4-bedroom + 4-bathroom ADU to further increase cash-flow (about $6,000/month), generating an even higher yield/ net income. Completed project will gross approximately $21,00/Month – $252,000/Year. Landlord expenses are significantly minimal as the tenants pay for all water, trash, gas & electricity. Currently priced at a 6.5% cap rate excellent cashflow investment opportunity.
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Address Map
U.S.
California
Los Angeles
Los Angeles
90007
1460 W 28th Street
0
W119° 42' 23.5''
N34° 1' 45.5''
MLS Addon
$0
4,016 Sqft
: No
: No
6.5
8
1460 W. 28th Street | Los Angeles, CA 90007
55x135
: No
2

Residential Income For Sale Los Angeles

1460 W 28th Street, Los Angeles, Los Angeles, California, 90007

11 Bedrooms
4,016 Sqft
Visits : 11 in 19 days
$2,050,000
Listing ID #24434415
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24434415
Price : $2,050,000
Bedrooms : 11
Square Footage : 4,016 Sqft
Year Built : 1906
Lot Area : 7,427 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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