Los Angeles, CA 90007,1427 W 28th ST
Los Angeles, CA 90007,1427 W 28th ST
Los Angeles, CA 90007,1427 W 28th ST
Los Angeles, CA 90007,1427 W 28th ST
Los Angeles, CA 90007,1427 W 28th ST
Los Angeles, CA 90007,1427 W 28th ST
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$715,000

$925,000

22.7%
Est.Price: ?

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Est. payment /mo

5 Beds

2 Baths

2,086 SqFt


SOLD DATE : 10/18/2024

Key Details

Sold Price $715,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,086 sqft

Price per Sqft $342

MLS Listing ID 24423803

Sold Date 10/18/24

Bedrooms 5

HOA Y/N No

Year Built 1929

Lot Size 6,751 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Fireplace No

Exterior

Total Parking Spaces 5

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5054032016

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Adam Shamooelian • Keller Williams Beverly Hills
Bought with Adam Shamooelian • Keller Williams Beverly Hills

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