1143 W 28th St - Multi-Family FOR SALE


Los Angeles, CA 90007- West Adams
$2,598,000 USD
310-447-2213
1143 W 28th St, Los Angeles, CA for Sale
$2,598,000 USD
Multi-Family - FOR SALE
1/33
null | 7.8% Cap Rate

1143 W 28th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Prime USC Student Housing Investment
  • Located Within the USC DPS Patrol Zone
  • Six Units Delivered Vacant at Close of Escrow
  • Immediate Lease Up & Cash Flow Opportunity
  • Eight Spacious 2 Bedroom, 1.5 Bath Units
  • Strong Rental Upside Potential

OVERVIEW

The Stiegler | Takahashi Group is proud to present 1143 W. 28th Street, an exceptional 8 unit student housing investment opportunity located just blocks from the University of Southern California (USC) campus within the highly desirable USC Department of Public Safety (DPS) Patrol Zone. Built in 1959, the property consists of eight spacious 2 bedroom, 1.5 bath apartment units totaling approximately 5,330 square feet on an 8,483 square foot lot. A rare feature of this offering is that six of the eight units will be delivered vacant at the close of escrow, providing a new owner with the unique ability to immediately lease the majority of the property at current market rents and significantly increase cash flow. The spacious floor plans are ideally suited for USC students, graduate students, and young professionals, while the property’s premier location provides a solid foundation for strong rental demand, long term income growth, and appreciation. 1143 W. 28th Street offers investors a rare combination of immediate rental upside, exceptional value add potential, and long term appreciation in one of Southern California’s premier student housing markets.

FOR SALE DETAILS

PRICE

$2,598,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

8

PRICE/UNIT

$324,750

CAP RATE

7.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,483 SF

ZONING

LARD1.5

APN/PARCEL ID

5055-027-021

ASK ABOUT THIS PROPERTY

Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.