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1200 W 29TH Street, Los Angeles, CA 90007

Property Details

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1200 W 29TH Street
Los Angeles, CA 90007

For Sale: $5,795,000

Property Type: Fourplex
MLS#: 18322836

  • Building Size: 6607 SF
  • Lot Size: 9576 SF
  • Number of Units: 4
  • Number of Stories: 2
  • Year Built: 1898
  • Days on market: 222
  • Cap Rate: 4.33
  • Net Operating Income: $250,912
  • Gross Scheduled Income: $362,040
  • Rent Control: No
  • GRM: 15.53
  • Contact Listing Agent Direct:
  • Kamfar Kyle Mirrafati, Matthews Retail Group, Inc.

Property Description

Prime University of Southern Cal Student Housing - 19 Bedrooms + 2 Lofts / 13 Total Bathrooms - Front Two Units Built in 1898 / Back Units Built in 2002 - 4.33% Cap Rate / 15.53 GRM on Current Rents - $305,000 Price Per Bedroom - Brand New Roof, Copper Plumbing, HVAC Units - Rental Upside Potential of Over 29% - 20 Parking Spaces Available On Site - Tenants Pay 50% of House Cleaning Cost - Tenants Pay 50% of Water and Sewage Cost - Short Walk to USC Village and Campus - Premier Location for USC Student to Live

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1200 W 29TH Street, Los Angeles, CA 90007

Based on information from California Regional Multiple Listing Service, Inc. as of March 20, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Kamfar Kyle Mirrafati, Matthews Retail Group, Inc.

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