1143 W 28th, Los Angeles, CA 90007

Property Description

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 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.