1475 West 28th Street
1475 West 28th Street
$1,000,000
6
4
2,597
2,597
$385
Sold 8/15/22
Description
We are pleased to offer the opportunity to acquire this three (3) unit, six (6) bedroom + four (4) bathroom value-add student housing investment, located in the DPS Patrol Zone and walking distance to the University of Southern California (USC). The property is approximately 2,597 rentable square feet on a 7,430 square foot lot, with a unit mix consisting of one (1) vacant 3-bedroom + 2-bathroom unit, one (1) 2-bedroom + 1-bathroom unit, and one (1) 1-bedroom + 1-bathroom unit. The vacant unit allows...We are pleased to offer the opportunity to acquire this three (3) unit, six (6) bedroom + four (4) bathroom value-add student housing investment, located in the DPS Patrol Zone and walking distance to the University of Southern California (USC). The property is approximately 2,597 rentable square feet on a 7,430 square foot lot, with a unit mix consisting of one (1) vacant 3-bedroom + 2-bathroom unit, one (1) 2-bedroom + 1-bathroom unit, and one (1) 1-bedroom + 1-bathroom unit. The vacant unit allows an investor the opportunity to implement interior renovations, update/remodel the unit, rent to USC students, and achieve market rents. The other two units are currently not leased to students, and there's over 50% potential upside in rental income. To further increase cash flow, the lot size allows an investor the opportunity to construct an Accessory Dwelling unit (ADU). The property offers residents a highly desirable location, within the DPS Patrol Zone, and walking distance to campus and University Village - providing easy access to all of USC's landmarks, academic buildings, and entertainment options.
- Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
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 Rate33%
Lot Size Area7430
Location
LISTING UPDATED: 08/15/2022 02:01 PM
Property Details for 1475 West 28th Street
Status | Sold |
---|---|
MLS # | 22-167677 |
Days on Market | 58 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.17 AC / 7,430 SF |
County | Los Angeles County |
Location
Building Information for 1475 West 28th Street
Stories-Residences-Year Built1922Building Size-Lot Size0.17 AC / 7,430 SF
Payment Calculator
$6,497 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1475 West 28th Street
Property History for 1475 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 1475 West 28th Street
Taxable ValueLand$600,000Additions$400,000Total$1,000,000
Tax Record2023$12,476 ($1,040 / 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.
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.