Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

8

Building size

5,330 sqft

Lot size

8,483 sqft

Year built

1959

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

43

MLS #

245432462

About this property

We are pleased to present 1143 W. 28th Street, an exceptional 8-unit student housing investment opportunity located just blocks from the University of Southern California (USC) within the highly desirable USC Department of Public Safety (DPS) Patrol Zone. The property features eight spacious 2-bedroom, 1.5-bath units, with six units to be delivered vacant at the close of escrow, providing a rare opportunity for immediate lease-up at market rents and significant upside in cash flow. The property has also benefited from numerous capital improvements, including a new roof, copper re-pipe, PVC main sewer line replacement, upgraded electrical panel, new on-site laundry facility, asphalt resurfacing, and select interior renovations. Combining strong rental upside, substantial recent improvements, and an outstanding location in one of Southern California’s premier student housing markets, this is an exceptional value-add investment opportunity.

Location

1143 W 28th

Los Angeles, Los Angeles, CA, 90007