1418 W 28th St - Dormitory FOR SALE


Los Angeles, CA 90007- West Adams
$2,900,000 USD
818-321-6490
1418 W 28th St, Los Angeles, CA for Sale
$2,900,000 USD
Dormitory - FOR SALE
1/9
null | 6.95% Cap Rate

1418 W 28th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Part of the Prime Student Housing Portfolio - May be purchased all together or separately!
  • Full renovation with modern systems, upgraded interiors, and ideal layouts!
  • 2 rear ADUs constructed in 2022!
  • Outdoor area upgraded in 2024!
  • Within short distance to USC Village and USC Campus!
  • Within USC DPS Zone and Campus Ride Share Program!

OVERVIEW

*This property is part of the Prime Student Housing Portfolio - May be purchased separately or together.* Turnkey student housing opportunity just blocks from USC, featuring three fully detached buildings with a total of 16 bedrooms and the potential to house up to 32 tenants. The front duplex, originally built in 1905, underwent a full renovation in 2019 with modern systems, updated interiors, and ideal layouts for student living. Two rear ADUs, built in 2022, offer townhome-style 4 bed/3 bath units with premium finishes and efficient designs. The outdoor common area was upgraded in 2024 with turf, stamped concrete, BBQ grill, seating, and bike racks, creating a secure and welcoming space for tenants. With a strong 7.0% CAP rate, minimal deferred maintenance, and prime location within the USC DPS Patrol Zone and ride share program, this property offers strong in-place income and long-term upside. Just a short walk to USC campus, USC Village, and public transit, this is a high-demand, low-maintenance investment in the heart of Los Angeles.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$611 USD /SF

# OF UNITS

4

PRICE/UNIT

$725,000

CAP RATE

6.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1418-1420 W 28th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,427 SF

ZONING

LAR2

APN/PARCEL ID

5054-033-012

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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