About This Home
This 13-bedroom, 8-bathroom single family at 1188 W 28th in Los Angeles, CA is listed for $2,450,000. Built in 1902, on a 0.20 acres lot.
Key Features
- Built in 1902
- 0.20 acre lot
- 2 stories
- 9 parking spaces
Property Details
If you know USC, you know this is truly Best Location Ever!! Not only the Location, but also the Lot size almost 9000 s.f.!!! Soo rare to find! ADU possibility!! Buyer to verify!! This is Both Investors' and Students' dreaming location for Value-add USC off Campus Student Housing Investment Opportunity!
Must check out this location!!! Only 2 blocks away North of USC village, mins walking to USC!!! Located in highly Desirable USC DPS Safety Patrol Zone. 100% Fully occupied by USC students with parental guarantees on leases, and all rooms pre-leased for the upcoming 2026-2027 school year with USC students already.
Currently collecting gross rents of $12,500/month which is way not high enough at that location due to seller's limited time on managing. Highly demanding...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LARD1.5, possibility building more units and/or ADU in the back huge yard!
The property is approximately 3572 s.f., 8712 s.f. lot, 13 bed, 8 bath, living rooms, and on-site laundry room...This property has charming turn of the century details that you will adore. As a bonus, this Property offers about 8 PRIVATE PARKING SPACES which are the the students favorites. The asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The property should be collecting gross rents around $18K/month, then GRM should be around 9. Don't miss !
Monthly Cost Estimate
$13,103/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1188 W 28th
Los Angeles, CA 90007
Questions & Answers
This 13-bedroom, 8-bathroom single family at 1188 W 28th is listed at $2,450,000. The estimated monthly payment is $13,104 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1902, 0.20 acre lot, 2 stories, 9 parking spaces.
This property is listed by Gina Ma and can be reached at 6262155788.