Residential Income, Colonial - Los Angeles, CA

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.