1188 W 28th,Los Angeles, CA 90007
Los Angeles, CA 90007
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 !
Details
| MLS # | AR26141332 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 78 |
| Listing Provided By | IRN Realty | Gina Ma |
Features
| SQ Feet | 3,572 |
|---|---|
| Garage | 1 |
| Story(s) | 2 |
| Units | 1 |
| Building(s) | 1 |
| Acreage | 0.20 |
Exterior
| Lot Features | Sprinklers In Front, Sprinklers Timer |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Unknown |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90007) | |
Price: $2,450,000 low | high Med: $574,000 sqft: 3,572 low | high Med: 1,158 $ / sqft: $686 low | high Med: $519 On site: 78 low | high Med: 110 | |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90007) | |
Price: $2,450,000 low | high Med: $574,000 sqft: 3,572 low | high Med: 1,158 $ / sqft: $686 low | high Med: $519 On site: 78 low | high Med: 110 | |
 | $2,450,0001188 W 28thLos Angeles, CA 90007 |