1220 W 27th St - Dormitory FOR SALE


Los Angeles, CA 90007- West Adams
$3,795,000 USD
310-402-8958
1220 W 27th St, Los Angeles, CA for Sale
$3,795,000 USD
Dormitory - FOR SALE
1/25
null | 6.31% Cap Rate

1220 W 27th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • CURRENT HIGH YIELD 6.3% CAP RATE
  • 100% FULLY OCCUPIED FOR THE 2025-2026 YEAR
  • LOCATED IN THE DESIRABLE DPS PATROL ZONE
  • COMPLETELY UPDATED & REMODELED TURN-KEY INVESTMENT
  • EXCELLENT ADU POTENTIAL OPPORTUNITY
  • PRIME NORTH OF CAMPUS LOCATION - WALKING DISTANCE TO THE USC CAMPUS & VILLAGE

OVERVIEW

The Davis Saadian Group is pleased to present a premier student housing investment opportunity at 1220 W. 27th Street, located just steps from the University of Southern California (USC). Positioned north of campus in the highly desirable DPS Patrol Zone, this asset offers unmatched security, convenience, and demand from USC’s growing student population. The property consists of a two-story wood-frame and stucco building on a raised foundation, with 5,108 SF of living space on a 6,346 SF lot. Extensively updated and remodeled in 2024, the building showcases brand-new hardwood floors, quartz countertops, stainless steel kitchen appliances, in-unit washer/dryers, double-pane windows, copper plumbing, and an upgraded electrical panel. The roof is in excellent condition, providing long-term stability and minimal deferred maintenance for new ownership. Currently configured as 16 bedrooms, the property is fully leased to USC students and generates a strong gross income of $23,233/month. Each unit is individually metered for gas and electricity, reducing operating expenses and maximizing efficiency. A major value-add component exists through the property’s expansive lot size, which allows for the construction of two (2) additional ADUs, each 5-bedroom + 4-bathroom. Upon completion, these units would significantly increase rental income potential, boosting projected gross income to approximately $32,500/month and delivering an excellent yield in one of the most competitive rental markets in Los Angeles. With its prime location, modern upgrades, and clear pathway for value creation, 1220 W. 27th Street offers investors a rare opportunity to secure a turnkey, cash-flowing asset in one of the nation’s most sought-after student housing markets. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services. Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$743 USD /SF

# OF UNITS

4

PRICE/UNIT

$948,750

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,346 SF

ZONING

LARD1.5

APN/PARCEL ID

5055-027-008

ASK ABOUT THIS PROPERTY

Davis SaadianDavis Saadian GroupMore Info
310-402-8958

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Davis SaadianDavis Saadian GroupMore Info
310-402-8958

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