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About This Home
This 16-bedroom, 12-bathroom residential multi family at 1220 W 27th St in Los Angeles, CA is listed for $3,495,000 ($684 per sqft). Built in 1913, the home offers 5,108 sqft of living space on a 0.15 acres lot.
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 stude
nt 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 app
liances, 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.
Key Features
- Built in 1913
- 0.15 acre lot
- 2 stories
- 10 parking spaces
Property Details
Monthly Cost Estimate
$18,692/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1220 W 27th St
Los Angeles, CA 90007
Property Details
Parking
Questions & Answers
This 16-bedroom, 12-bathroom residential multi family at 1220 W 27th St is listed at $3,495,000 ($684/sqft). The estimated monthly payment is $15,145 based on 20% down at 6.5% interest.
Key features include: Built in 1913, 0.15 acre lot, 2 stories, 10 parking spaces.
This property is listed by Davis Saadian and can be reached at 3104028958 or davis@saadiangroup.com.

























