1475 West 28th Street
$1,285,000
8
5
2,597
2,597
$495
Description
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 frame 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...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 frame 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.
- Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01854200 • KW Advisors
Property Details for 1475 West 28th Street
Zoning
LAR2
Parcel Number5054031019
Total Units3.0
Living Area2597
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate0%
Lot Size Area7432
LISTING UPDATED: 10/29/2024 03:31 PM
Property Details for 1475 West 28th Street
Status | Active |
---|---|
MLS # | 24-434425 |
Days on Market | 81 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.17 AC / 7,432 SF |
County | Los Angeles County |
Building Information for 1475 West 28th Street
Stories1Residences-Year Built1922Building Size-Lot Size0.17 AC / 7,432 SF
Property Information for 1475 West 28th Street
Property History for 1475 West 28th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1475 West 28th Street
Taxable ValueLand$612,000Additions$408,000Total$1,020,000
Tax Record2024$12,716 ($1,060 / month)
Home Facts
Total Finished SqFt2,597 SqFtAbove Grade Finished SqFt2,597 SqFtLot Size7,430 SqFtStyleTriplexYear Built1922ZoningLAR2CountyLOS ANGELESAPN5054-031-019
Schools near 1475 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.
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