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    668 W 28Th Street

    Los Angeles (City), CA 90007
    • $8,400,000
    • STATUS: Pending
    • ON SITE: 20 days
    • MLS #: 20673338
    Pending
    UPDATED: 66 min ago
    $8,400,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,269
      SQFT
    • $685
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    USC Fraternity Row- 668 W 28th St. Best Location in the Area. 12.2K Sqft building on 11.2K Sqft lot. Currently a 4.9% cap on 14.8 GRM. First time on market in over 30 years. Short bike ride from campus, near Galen Center and Village and nearby restaurants and fast food. Minutes from DTLA. Fully remodeled in 2008. Alley access. Covered Parking. Previously utilized as a sorority house and currently a fraternity house with 18 individual rooms and 19 bathrooms. Fraternity is moving into another property in May 2021. Capable of housing up to 70 students. Current amenities include a commercial kitchen and dining area and one upstairs after hour kitchen caf. Washer Dryer room. Interior large meeting areas and outside patios and courts. Heat and AC in all rooms. In the 2008 remodel, the developer stubbed utility lines for individual kitchenettes in each of the 18 rooms and permitted building for 5 separate units with multiple rooms and baths. Please do not bother occupants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T20:30:45.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113002359
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    668 W 28Th Street Los Angeles (City), CA 90007

    • Price: $8,400,000
    • Status: Pending
    • Updated: 66 min ago
    • MLS #: 20673338
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    12,269
    SQFT
    $685
    $/SQFT
    1906
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    USC Fraternity Row- 668 W 28th St. Best Location in the Area. 12.2K Sqft building on 11.2K Sqft lot. Currently a 4.9% cap on 14.8 GRM. First time on market in over 30 years. Short bike ride from campus, near Galen Center and Village and nearby restaurants and fast food. Minutes from DTLA. Fully remodeled in 2008. Alley access. Covered Parking. Previously utilized as a sorority house and currently a fraternity house with 18 individual rooms and 19 bathrooms. Fraternity is moving into another property in May 2021. Capable of housing up to 70 students. Current amenities include a commercial kitchen and dining area and one upstairs after hour kitchen caf. Washer Dryer room. Interior large meeting areas and outside patios and courts. Heat and AC in all rooms. In the 2008 remodel, the developer stubbed utility lines for individual kitchenettes in each of the 18 rooms and permitted building for 5 separate units with multiple rooms and baths. Please do not bother occupants.
    Exterior Features

    Architectural Style Colonial Direction Faces North Lot Size Units Square Feet Parking Features Carport Parking YN Yes View None View YN No

    Interior Features

    Appliances Barbecue Appliances YN Yes Laundry Features Inside

    Property Features

    Country Us Gross Income 567000.00 Gross Multiplier 14.80 Gross Operating Income 567000.00 Laundry YN Yes Net Operating Income 409650.00 Security Features Fire And Smoke Detection SystemFire Sprinkler SystemGated CommunityCarbon Monoxide Detector(S) Senior Community YN No Special Listing Conditions Standard Tenant Pays GasElectricityWater Total Expenses 157350.00 Vacancy Allowance Rate 0.00 Zoning Lard1.5

    Listing provided courtesy of Michael R. Fukushima of Keller Williams Downtown La and Stephen F. Watson of Keller Williams Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T20:30:45.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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