$2,449,000/mo

1143 W 28th, Los Angeles, CA 90007

5,330 sqft

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1959
8,481sqft lot
—— car garage
$459/sqft
Listed 2 months ago

Property Description

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.