1188 W 28th, Los Angeles, CA 90007
1188 W 28th, Los Angeles, CA 90007
1188 W 28th, Los Angeles, CA 90007
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$2,450,000
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8,712 Sqft Lot
Active

1188 W 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

MLS Listing ID AR26141332

HOA Y/N No

Year Built 1902

Lot Size 8,712 Sqft

Property Sub-Type Single Family Residence

Property Description

If you know USC, you know this is truly Best Location Ever!! Not only the Location, but also the Lot size almost 9000 s.f.!!! Soo rare to find! ADU possibility!! Buyer to verify!! 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

Fireplace No

Laundry Inside, Laundry Room

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description Sprinklers In Front, Sprinklers Timer

Story 2

Sewer Unknown

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 5055028011

Energy Description 600.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Gina Ma IRN Realty 626-215-5788, DRE #01426061

NEARBY SCHOOL & BUSINESS

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RealEZtate Pros

RealEZtate Pros

+1(480) 420-9486

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