Property listed by Keller Williams Hollywood Hills, Davis Saadian 310-623-1300
$1,395,000
We are pleased to present the opportunity to acquire 1454 W. 28th Street, a fully renovated 10-bedroom + 4-bathroom student housing investment located in the highly coveted West of Campus neighborhood within the DPS Patrol Zone. Just blocks from the University of Southern California, the property sits in one of… Read More the strongest student housing rental markets in Los Angeles, consistently achieving premium rents, full occupancy, and year-round tenant demand. The property generates $13,350 per month in gross income. Backed by a proven operational history, and strong in-place cash flow, the asset delivers immediate yield and stable income from day one. The offering consists of a beautifully upgraded two-story single-family residence featuring 10-bedrooms + 4-bathrooms, totaling approximately 2,601 rentable square feet on an 8,100 square foot lot. Adding to the investment appeal, the oversized 8,100 square foot lot presents a significant value-add opportunity. An investor may have the ability to construct two ADUs toward the rear of the lot, providing the potential to substantially increase cash flow and overall asset value over time. Operationally, the asset is exceptionally efficient, helping minimize landlord expenses and maximize net operating income. Priced at an in-place 9.0% cap rate and 8.7x GRM, the property combines immediate cash flow, low-maintenance ownership, and long-term upside in one of LA's most consistently performing rental markets. Read Less
Listing Snapshot
Days Online
42
Last Updated
Property Type
SingleFamilyResidence
Beds
10
Full Baths
4
Square Ft.
2,601
Lot Size
0.19 Acres
Year Built
1906
MLS Number
26848663
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1906, Living area: 2601.0, 2 stories, Levels: Two
Cooling
Dual
Fireplaces
None
Floors
Tile
Lot
0.186 acres, Dimensions: 60x135
Parking
6 total parking spaces, Gated
Pool
None
Property
Other structures: Sheds
Taxes
Parcel Number: 5054033006, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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