We are pleased to offer for sale a 9-unit (8 + 1 ADU), 21-Bedroom student housing community located at 11391143 West 27th Street. The property is situated south of Adams Boulevard and west of Hoover Street, within USC's North University Park.The location offers walking-distance access to popular cafs, restaurants, and… Read More entertainment venues, and is only minutes from the University of Southern California (USC), the Los Angeles Memorial Coliseum, and Exposition Park. Its central position provides residents with convenient access to major employment hubs in Downtown Los Angeles and beyond, supported by nearby public transit and proximity to the I-10 and I-110 Freeways.Situated on an 8,412-square-foot lot, the property features four one-bedroom units, four three-bedroom units, and one newly constructed five-bedroom ADU. Seven of the nine units have been renovated with stainless steel kitchen appliances, laminate flooring, and modern bathroom finishes, showcasing a proven renovation program that resonates with USC students.27 West presents investors with a rare opportunity to acquire a mid-sized, well-managed USC student housing community within one of the most desirable student housing zones.The property is being offered alongside another student housing community at 2370 Portland Street (The Portland Place). PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. Read Less
Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
Listing Snapshot
Days Online
12
Last Updated
Beds
21
Square Ft.
8,668
Lot Size
0.19 Acres
Year Built
1921
MLS Number
25625911
Additional Details
Building
Built in 1921, Living area: 8668.0, 2 buildings, 2 stories, Levels: Two
Income
Gross Income: $347,191, Net Operating Income: $195,960
Lot
0.1931 acres
Parking
4 total parking spaces, None
Taxes
Parcel Number: 5055025031, Zoning: RD1.5-1-O
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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