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Listed by John Stiegler II, DRE #01981597 • Lyon Stahl Investment Real Estate, Inc.
$ 2,598,000
Est. payment | /mo
8,483 Sqft Lot
$ 2,598,000
Est. payment | /mo
8,483 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26167564
Year Built 1959
Lot Size 8,483 Sqft
Source California Regional MLS
Property Description
The Stiegler | Takahashi Group is 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
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5055027021
Special Listing Condition Not Applicable
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