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$ 3,795,000
Est. payment | /mo
16 Beds
5,108 SqFt
$ 3,795,000
Est. payment | /mo
16 Beds
5,108 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $742
MLS Listing ID CL25600061
Bedrooms 16
HOA Y/N No
Year Built 1913
Lot Size 6,373 Sqft
Acres 0.15
Property Sub-Type OTHER
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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Cooling Other
Fireplace No
Laundry Dryer, Washer, Other
Building
New Construction No
Others
Tax ID 5055027008
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Davis Saadian • Keller Williams Hollywood Hills
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447