Sold
1427 W 28th St
Los Angeles CA, 90007
$715,000
$342.76 per sqft
Sold
5 Beds
2 Baths
2,086 sqft
Multi-family
Built in 1929
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.
24-423803
MLSⓇ ID
August 5, 2024
Listed
November 22, 2024
Updated
Map
1427 W 28th St
Los Angeles CA, 90007
Interior Features
Total Stories
1
Bedrooms
5
Total Bathrooms
2
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Mid Los Angeles
Days on Market
15
Garage
No
Parking
Other
Parking Total
5
View
No
County
Los Angeles
Pool
No
Zoning
LAR2
Listing History
Date | Event | Price |
---|---|---|
10/21/2024 | Sold | $715,000 |
9/4/2024 | Under contract | — |
Listed by Adam Shamooelian with Keller Williams Beverly Hills
Listing Contact: 310-658-2668
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ramey Ward | CA DRE# 01456908 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024