$3,995,000
- Beds
- 16
- sq ft
- 5,108
1220 W 27th St, Los Angeles, CA 90007
1220 W 27th St
Los Angeles, CA 90007
- 28 days on market
We are pleased to present the opportunity to acquire 1220 W. 27th Street, a sixteen (16) bedroom student housing investment, located North of campus, in the prestigious DPS Patrol Zone, and just steps to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 5,108 SF on a 6,346 SF lot. The property and all units were recently updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, in-unit washer/ dryers, and individually metered for gas & electricity. The expansive lot size allows an investor to add significant value to the property by constructing two (2) 5-bedroom + 4-bathroom ADU's to further increase cash-flow, generating an even higher yield/ net income. The asset is fully occupied with students, and the total gross income is $25,190/month. With the construction of two ADU's, the total income will be approximately $37,500/month.
Details
Property type
Lot size
6,373 sq ft
Price per sq ft
$783
Year built
1913
HOA
No
Price History
06/03/2024
![CLAW](/_next/static/media/clawLogo.95a18e7e.png)
CLAW #24399135
Listed
$3,995,000
Schools & Community
Neighborhood:
University Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 07/01/2024 at 7:55 AM
Listing updated: 06/11/2024 at 5:14 AM
Listed by: Davis Saadian, Carolwood Estates Phone #: (310) 623-3600
MLS: CLAW #24399135
![CLAW logo](/_next/static/media/clawLogo.95a18e7e.png)
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