16 bedroom house for sale

Overview

We are pleased to present the opportunity to acquire 1220 W. 27th Street, a sixteen (16) bedroom student housing investment, located North of campus, in the prestigious DPS Patrol Zone, and just steps to the University of Southern California (USC). This two-story building was constructed of wood frame and stucco on a raised foundation, featuring a total square footage of 5, 108 SF on a 6, 346 SF lot. The property and all units were recently updated and remodeled - featuring brand new hardwood floors, stainless steel kitchen appliances, quartz counter tops, in-unit washer/ dryers, and individually metered for gas and electricity. The expansive lot size allows an investor to add significant value to the property by constructing two (2) 5-bedroom + 4-bathroom ADU's to further increase cash-flow, generating an even higher yield/ net income. The asset is fully occupied with students, and the total gross income is $25, 190/month. With the construction of two ADU's, the total income will be approximately $37, 500/month.