1188 W 28th, Los Angeles, CA 90007
List Price: $2.45M
Listing Status: Active
0Days on Market: 0
13 Bedrooms · 8 Bathrooms · 3,572 sq ft
Property Type: Residential
Year Built: 1902
Lot Size: 8,712 sq ft
Garage Spaces: 1
Private Pool: Yes
MLS Number: AR26134176
About This Property
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 !
Listing provided by: Gina Ma DRE #01426061 626-447-5100 ginama1588@gmail.com, IRN Realty
Source: CRMLS