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listing
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Residential IncomeFor Sale
$3,995,000
1220 W 27th Street
Los Angeles, CA 90007
Listed by Davis Saadian DRE#01921748 [email protected] Carolwood Estates
MLS: California Regional MLS (CRMLS)
16Beds
12Baths
5,108Sq Ft
Est. Mortgage
$20,721/mo

We are pleased to present the opportunity to acquire 1220 W. 27th Street, a sixteen (16) bedroom student housing investment, located North of campus, in the prestigious DPS Patrol Zone, and just steps to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 5,108 SF on a 6,346 SF lot. The property and all units were recently updated & remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, in-unit washer/ dryers, and individually metered for gas & electricity. The expansive lot size allows an investor to add significant value to the property by constructing two (2) 5-bedroom + 4-bathroom ADU's to further increase cash-flow, generating an even higher yield/ net income. The asset is fully occupied with students, and the total gross income is $25,190/month. With the construction of two ADU's, the total income will be approximately $37,500/month.

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Information courtesy of Carolwood Estates is subject to verification and is not guaranteed.
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