22
See all 22 photos
$1,520,000
Est. payment /mo
12 Beds
7 Baths
3,905 SqFt
New
1540 W 28th Los Angeles, CA 90007
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Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,905 sqft
Price per Sqft $389
MLS Listing ID SR26187181
Bedrooms 12
Full Baths 6
Half Baths 1
Year Built 1910
Lot Size 6,778 Sqft
Property Sub-Type All Other Attached
Property Description
GREAT 4-UNIT INVESTMENT & OWNER-OCCUPANT OPPORTUNITY! This well-maintained 4-plex offers an excellent opportunity for an investor or owner-occupant looking to live in the largest unit while generating rental income from the other three units. The property may qualify for residential financing, providing an attractive option for first-time multifamily investors. The four units consist of: (A) 5 bedrooms + 3.25 baths; (B) 3 bedrooms + 1 bath; (C) 2 bedrooms + 1 bath; and (D) 2 bedrooms + 1 bath. The spacious 5-bedroom unit can be made available for a buyer-owner to occupy. The other three units are tenant-occupied, with current monthly rents of $2,000, $2,400, and $750, respectively. Recent improvements include fresh interior and exterior paint and a new shared clothes washer and dryer for resident use. The property offers 5 on-site parking spaces, including 3 assigned spaces and 2 spaces available on a first-come, first-served basis. Each kitchen is equipped with a stove and refrigerator. Conveniently located near USC, the property is well-positioned for the student rental market, offering potential for continued rental demand. According to the owner the property is believed to be in the USC Security Patrol area. For a first-time investor, this is an exceptional opportunity to acquire a multifamily property that provides immediate rental income while offering the flexibility to occupy a spacious unitwithout the need to add an ADU. Prospective buyers must set appointments with their agent to show the property - buyers CAN NOT visit property and disturb tenants, directly.
Location
State CA
County Los Angeles
Direction WEST OF FIGUEROA AND SOUTH OF ADAMS
Interior
Cooling Wall/Window
Fireplace No
Laundry Washer Hookup, Gas & Electric Dryer HU
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 5054034001
Acceptable Financing Cash, Conventional, FHA, Land Contract, Cash To New Loan
Listing Terms Cash, Conventional, FHA, Land Contract, Cash To New Loan
Special Listing Condition Standard
Listed by Michael Green, DRE#00981395 Michael Green Realty & Inv.
NEARBY SCHOOL & BUSINESS
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