1455 West 28th Street
$1,795,000
12
7
3,583
3,583
$501
Description
We are pleased to offer the opportunity to acquire this high yield 7.86% Cap renovated 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 comprised of 5 bedroom + 3 bathroom units. As...We are pleased to offer the opportunity to acquire this high yield 7.86% Cap renovated 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 comprised 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). Property is in an Historic Overlay Zone.
- Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1455 West 28th Street
Zoning
LAR2
Parcel Number5054032021
Total Units3.0
Living Area3583
Source Living AreaAppraiser
AreaMid Los Angeles (C16)
Vacancy Rate0
Lot Size Area5672
LISTING UPDATED: 11/04/2024 12:15 PM
Property Details for 1455 West 28th Street
Status | Active |
---|---|
MLS # | 24-413225 |
Days on Market | 134 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1910 |
Lot Size | 0.13 AC / 5,672 SF |
County | Los Angeles County |
Building Information for 1455 West 28th Street
Stories2Residences-Year Built1910Building Size-Lot Size0.13 AC / 5,672 SF
Property Information for 1455 West 28th Street
Property History for 1455 West 28th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1455 West 28th Street
Taxable ValueLand$676,260Additions$333,128Total$1,009,388
Tax Record2024$12,530 ($1,044 / month)
Home Facts
Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtLot Size5,672 SqFtStyleDuplexYear Built1910ZoningLAR2CountyLOS ANGELESAPN5054-032-021
Schools near 1455 West 28th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Vermont Avenue Elementary School PublicK to 5 | ||
Foshay Learning Center PublicK to 12 | ||
Manual Arts Senior High School Public9 to 12 | ||
Stem Preparatory Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.