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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: $5,200,000

Property Type: Fourplex
MLS#: 18355222

  • Building Size: 6607 SF
  • Lot Size: 9576 SF
  • Number of Units: 4
  • Number of Stories: 2
  • Year Built: 2001
  • Days on market: 158
  • Cap Rate: 5.40
  • Net Operating Income: $281,792
  • Gross Scheduled Income: $373,200
  • Rent Control: No
  • GRM: 13.98
  • Contact Listing Agent Direct:
  • Davis Saadian, BRC Advisors

Property Description

We are pleased to offer for sale this nineteen (19) bedroom student housing investment opportunity located at 1200 W. 29th Street, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1898/2001 with a square footage of 6,607 on a 9,576-square foot lot. The subject property represents a very desirable asset in the supply-constrained USC submarket, and has been reinforced and upgraded in compliance with the latest city codes and regulations.The property consists of four (4) townhouses with a remarkable unit mix, comprised of one (1) 5+2.5, one (1) 6+3.5, and two (2) 4+lofts+3.5 units. The investment boasts spacious floor plans, an on-site laundry room for additional income, ten (10) on-site parking spaces, new copper plumbing, recently painted, and individually metered for gas and electricity.

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1200 W 29TH Street, Los Angeles, CA 90007

Based on information from California Regional Multiple Listing Service, Inc. as of June 23, 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: Davis Saadian, BRC Advisors

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