Homes for sale - 1220 W 27th ST, Los Angeles, CA 90007

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Anomaly Real Estate

info@anomalyre.co +1(909) 476-9092

$ 3,495,000

Est. payment | -/mo

16 Beds

12 Baths

5,108 SqFt

Save

$ 3,495,000

Est. payment | -/mo

Save

16 Beds

12 Baths

5,108 SqFt

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 476-9092

info@anomalyre.co

8599 Haven Ave STE 306, Rancho Cucamonga, California, 91730, USA

1220 W 27th ST Los Angeles, CA 90007