1220 W 27th St - Dormitory FOR SALE


Los Angeles, CA 90007- West Adams
$3,495,000 USD
310-402-8958
1220 W 27th St, Los Angeles, CA for Sale
$3,495,000 USD
Dormitory - FOR SALE
1/25
null | Request Cap Rate

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


HIGHLIGHTS

  • CURRENT HIGH YIELD 6.5% 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 proud to present a premier student housing investment opportunity at 1220 W. 27th Street, located just steps from the University of Southern California.Situated north of campus within the highly sought-after DPS Patrol Zone, this property benefits from exceptional security, walkability, and consistent demand driven by USC’s expanding student population. The asset features a two-story wood-frame and stucco building on a raised foundation, offering 5,108 square feet of living space on a 6,346 square foot lot. The property underwent a comprehensive renovation in 2024 and showcases modern, high-demand finishes including luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washer/dryers, double-pane windows, copper plumbing, and an upgraded electrical panel. The roof is in excellent condition, providing peace of mind and minimal deferred maintenance for new ownership. Currently configured as 16 bedrooms, the property is fully leased to USC students and generates strong in-place income of $23,225 per month. Each unit is individually metered for gas and electricity, helping keep operating expenses low and improving overall efficiency. A compelling value-add opportunity exists through the property’s oversized lot, which allows for the development of two ADU. Upon completion, projected gross income increases to approximately $32,500 per month, significantly enhancing cash flow and long-term returns. With its unbeatable location, modern upgrades, strong in-place income, and clear upside through future development, 1220 W. 27th Street represents a rare opportunity to acquire a turnkey, cash-flowing student housing asset in one of Los Angeles’ most competitive and supply-constrained rental markets. The asset is currently priced at a current 6.5% Cap Rate. Please email for the Financial Analysis/ Executive Summary. . 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

$3,495,000 USD

PRICE/SF

$684 USD /SF

# OF UNITS

4

PRICE/UNIT

$873,750

CAP RATE

Request Cap Rate

% 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.