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$ 3,795,000
Est. payment /mo
New
1220 W 27th ST Los Angeles, CA 90007
16 Beds
9 Baths
5,108 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $742
MLS Listing ID 25600061
Bedrooms 16
HOA Y/N No
Year Built 1913
Lot Size 6,372 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Combination
Cooling Dual
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Dryer, Washer
Laundry Stacked
Exterior
Parking Features Private
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5055027008
Special Listing Condition Standard
Listed by Davis Saadian Keller Williams Hollywood Hills
