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$ 2,450,000
Est. payment /mo
New
1188 W 28th Los Angeles, CA 90007
13 Beds
8 Baths
3,572 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,572 sqft
Price per Sqft $685
MLS Listing ID AR26134176
Bedrooms 13
Full Baths 8
Year Built 1902
Lot Size 8,712 Sqft
Property Sub-Type Detached
Property Description
If you know USC, you know this is truly Best Location Ever!! This is Both Investors' and Students' dreaming location for Value-add USC off Campus Student Housing Investment Opportunity! Must check out this location!!! Only 2 blocks away North of USC village, mins walking to USC!!! Located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, and all rooms pre-leased for the upcoming 2026-2027 school year with USC students already. Currently collecting gross rents of $12,500/month which is way not high enough at that location due to seller's limited time on managing. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5, possibility building more units and/or ADU in the back huge yard! The property is approximately 3572 s.f., 8712 s.f. lot, 13 bed, 8 bath, living rooms, and on-site laundry room...This property has charming turn of the century details that you will adore. As a bonus, this Property offers about 8 PRIVATE PARKING SPACES which are the the students favorites. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property should be collecting gross rents around $18K/month, then GRM should be around 9. Don't miss !
Location
State CA
County Los Angeles
Direction Hoover Blvd. to 28th St.
Interior
Cooling Wall/Window
Fireplaces Type FP in Family Room
Fireplace No
Exterior
Garage Spaces 1.0
View Y/N Yes
Total Parking Spaces 1
Building
Story 2
Sewer Unknown
Level or Stories 2
Others
Senior Community No
Tax ID 5055028011
Acceptable Financing Cash, Conventional, Exchange, Lease Option, Cash To New Loan
Listing Terms Cash, Conventional, Exchange, Lease Option, Cash To New Loan
Special Listing Condition Standard
Listed by Gina Ma, DRE#01426061 IRN Realty
NEARBY SCHOOL & BUSINESS