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Property Description
We are pleased to offer for sale this nine (9) unit student housing investment opportunity located at 1444 W. 28th Street, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1923, with a square footage of 5,512 on a 6,780-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of seven (7) singles, one (1) 1+1 unit, and one (1) 4+2 unit. The subject property is 100% occupied, and is subject to the City of Los Angeles rent control regulation.The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, six (6) on-site parking spaces, updated copper plumbing, and individually metered for gas & electricity.
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