We are pleased to offer the opportunity to acquire this high-upside duplex located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC). The subject property has multiple utilities, one as a Student Housing Investment with the potential to achieve strong rents, and another as a home for any Professors/Families looking to move into the fast growing area. The property is approximately 2,086 rentable square feet on a large 6,750 square foot lot. The subject property is comprised of two separate structures, one 3bd + 1.5 bth home in the front, and an additional 2bd + 1 bth home in the rear. Any buyer has the opportunity to maximize rental income by increasing the number of bedrooms/bathrooms to accommodate more students. In addition, there’s an excellent value-add opportunity to construct an ADU, and further increase cash flow for an investor or owner-user(Buyer to Verify) (Property is in the HPOZ). The seller is also open to an extended escrow, giving any buyer ample time to obtain permits during the escrow period and hit the ground running upon closing! An added benefit of an extended escrow is the ability to close on a loan during a potentially lower interest rate environment! This is a rapidly growing neighborhood, a true community located in the heart of the USC ecosystem and is minutes away from campus as well as the USC Village, Trader Joe’s, City Target and lots of great amenities and restaurants.
Property Details
Price:
$925,000
MLS #:
24423803
Status:
Active Under Contract
Baths:
0
Address:
1427 W 28th Street
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Aug 5, 2024
State:
CA
ZIP:
90007
Lot Size:
6,752 sqft / 0.16 acres (approx)
Year Built:
1929
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Schools
Interior
Exterior
Parking Spots
5.00
Stories Total
1
Financial
Map
Community
- Address1427 W 28th Street Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1427 W 28th Street
Los Angeles, CA
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