We are 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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., John Stiegler II 310-259-7556
Listing Snapshot
Days Online
4
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1959
MLS Number
SB26167564
Additional Details
Building
Built in 1959, 1 building, 2 stories, Entry level: 2, Entry location: Front
Community
Biking, Curbs, Gutters, StormDrains, Sidewalks
Expenses
Operating: $75,187
Income
Gross Income: $292,404, Gross ScheduledIncome: $292,404, Net Operating Income: $202,596
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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