1535 W 28th St, Los Angeles, CA 90007

We are pleased to present the opportunity to acquire 1535 W. 28th Street, an incredible redevelopment opportunity with RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, and close proximity to the University of Southern California (USC) & Village. The existing duplex consists of two (2) spacious vacant 2-bedroom + 1-bathroom units, (each unit is approximately 1,000 SF). The RTI plans & permits have SB8 Clearance, and been approved to have a total three (3) units on this expansive 6,759 SF (LARD1.5) lot, each unit consisting of 3-bedroom + 3-bathroom units. A developer can further increase cash-flow by converting the garage into a 4th unit, consisting of a 3-bedroom + 3-bathroom accessory dwelling unit (ADU). Upon completion, an investor will have a total of four (4) units, 12-bedrooms + 12-bathrooms. Finalized constructed units will have a scheduled income of approximately $18,000/month. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals.