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Listed by Gina Ma • IRN Realty
$2,450,000
Est. payment /mo
13 Beds
8 Baths
3,572 SqFt
New
1188 West 28th Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,572 sqft
Price per Sqft $685
MLS Listing ID AR-26134176
Bedrooms 13
Full Baths 8
Year Built 1902
Lot Size 8,712 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
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
Area C16 - Mid Los Angeles
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type Family Room
Laundry Individual Room, Inside
Exterior
Garage Spaces 1.0
Pool None
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description Lot 6500-9999, Yard
Sewer Unknown