1143 W 28th, Los Angeles, CA 90007
1143 W 28th, Los Angeles, CA 90007
1143 W 28th, Los Angeles, CA 90007
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$2,598,000
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8,481 Sqft Lot
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1143 W 28th Los Angeles, CA 90007

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID SB26167564

HOA Y/N No

Year Built 1959

Lot Size 8,481 Sqft

Property Sub-Type Apartment

Property Description

We are proud to present 1143 W. 28th Street, an exceptional 8 unit student housing investment opportunity located just blocks from the University of Southern California (USC) campus within the highly desirable USC Department of Public Safety (DPS) Patrol Zone. Built in 1959, the property consists of eight spacious 2 bedroom, 1.5 bath apartment units totaling approximately 5,330 square feet on an 8,483 square foot lot. A rare feature of this offering is that six of the eight units will be delivered vacant at the close of escrow, providing a new owner with the unique ability to immediately lease the majority of the property at current market rents and significantly increase cash flow. The spacious floor plans are ideally suited for USC students, graduate students, and young professionals, while the property's premier location provides a solid foundation for strong rental demand, long term income growth, and appreciation. 1143 W. 28th Street offers investors a rare combination of immediate rental upside, exceptional value add potential, and long term appreciation in one of Southern California's premier student housing markets.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Sidewalks

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5055027021

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by John Stiegler II Lyon Stahl Investment Real Estate, Inc. 310-447-2213, DRE #01981597

NEARBY SCHOOL & BUSINESS

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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