26
See all 26 photos
$3,495,000
Est. payment /mo
16 Beds
12 Baths
5,108 SqFt
New
1220 W 27th ST Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $684
MLS Listing ID 26638151
Bedrooms 16
HOA Y/N No
Year Built 1913
Lot Size 6,346 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.Situated north of campus within the highly sought-after DPS Patrol Zone, this property benefits from exceptional security, walkability, and consistent demand driven by USC's expanding student population.The asset features a two-story wood-frame and stucco building on a raised foundation, offering 5,108 square feet of living space on a 6,346 square foot lot. The property underwent a comprehensive renovation in 2024 and showcases modern, high-demand finishes including luxury vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washer/dryers, double-pane windows, copper plumbing, and an upgraded electrical panel. The roof is in excellent condition, providing peace of mind and minimal deferred maintenance for new ownership.Currently configured as 16 bedrooms, the property is fully leased to USC students and generates strong in-place income of $23,225 per month. Each unit is individually metered for gas and electricity, helping keep operating expenses low and improving overall efficiency.A compelling value-add opportunity exists through the property's oversized lot, which allows for the development of two ADU. Upon completion, projected gross income increases to approximately $32,500 per month, significantly enhancing cash flow and long-term returns.With its unbeatable location, modern upgrades, strong in-place income, and clear upside through future development, 1220 W. 27th Street represents a rare opportunity to acquire a turnkey, cash-flowing student housing asset in one of Los Angeles' most competitive and supply-constrained rental markets. The asset is currently priced at a current 6.5% Cap Rate. Please email for the Financial Analysis/ Executive Summary.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Combination
Cooling Dual
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Gated, Private
Total Parking Spaces 10
Building
Story 2
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
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