Property listed by Keller Williams Hollywood Hills, Davis Saadian 310-623-1300
$3,795,000
We are pleased to present a premier student housing investment opportunity at 1220 W. 27th Street, located just steps from the University of Southern California (USC).Positioned north of campus in the highly desirable DPS Patrol Zone, this asset offers unmatched security, convenience, and demand from USC's growing student population.The property… Read More consists of a two-story wood-frame and stucco building on a raised foundation, with 5,108 SF of living space on a 6,346 SF lot. Extensively updated and remodeled in 2024, the building showcases brand-new hardwood floors, quartz countertops, stainless steel kitchen appliances, in-unit washer/dryers, double-pane windows, copper plumbing, and an upgraded electrical panel. The roof is in excellent condition, providing long-term stability and minimal deferred maintenance for new ownership.Currently configured as 16 bedrooms, the property is fully leased to USC students and generates a strong gross income of $23,333/month. There is currently one (1) vacant bedroom, that can be rented for an additional $1,500/month, which would bring the total scheduled income to $24,933/Month. Each unit is individually metered for gas and electricity, reducing operating expenses and maximizing efficiency.A major value-add component exists through the property's expansive lot size, which allows for the construction of two (2) additional ADUs, each 5-bedroom + 4-bathroom. Upon completion, these units would significantly increase rental income potential, boosting projected gross income to approximately $32,500/month and delivering an excellent yield in one of the most competitive rental markets in Los Angeles.With its prime location, modern upgrades, and clear pathway for value creation, 1220 W. 27th Street offers investors a rare opportunity to secure a turnkey, cash-flowing asset in one of the nation's most sought-after student housing markets. Priced at a 6.3% Cap Rate - Email for the Executive Summary/ Financial Analysis. Read Less
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
