1497 29 W 29th ST W, Los Angeles, CA 90007
1497 29 W 29th ST W, Los Angeles, CA 90007
1497 29 W 29th ST W, Los Angeles, CA 90007
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$1,460,000
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5,623 Sqft Lot
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1497 29 W 29th ST W Los Angeles, CA 90007

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Robert Cedeno

Robert Cedeno

+1(626) 283-7800

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-29498

Construction Status Turnkey

HOA Y/N No

Year Built 1922

Lot Size 5,623 Sqft

Lot Dimensions Public Records

Property Description

1497 W 29th Street, Los Angeles.Exceptional 8-Unit Investment Opportunity Near USCPresenting an excellent investment opportunity in one of Los Angeles' established rental markets. Located walking distance from the University of Southern California (USC), 1497 W 29th Street is an income-producing 8-unit multifamily property offering an attractive opportunity for investors seeking long-term rental income and potential appreciation.The property features a desirable unit mix of six studio units and two one-bedroom, one-bathroom units, appealing to a broad tenant base that includes USC students, university faculty, and working professionals.Situated on a prominent corner lot, this gated property offers added privacy and security with a fully fenced perimeter, controlled-access entry, and strategically positioned security cameras. Additional tenant amenities include on-site laundry facilities and gated on-site parking.The property has benefited from several improvements completed within the last few years, including a newer roof, updated copper plumbing, and upgraded electrical systems. Additional features include a paved and gated parking area and a 100-gallon water heater. The property is master-metered for gas and electricity, providing a straightforward utility arrangement for ownership and management.An Exceptional LocationLocation is a key advantage of this investment. Situated within the USC Department of Public Safety (DPS) Patrol and Response Area, the property is conveniently positioned to attract students, faculty, and other renters seeking proximity to the university.The property also offers convenient access to the I-10 and I-110 freeways, providing connections to Downtown Los Angeles, Koreatown, and other major employment, shopping, dining, and entertainment destinations.With its proximity to USC, established rental appeal, convenient amenities, and eight-unit configuration, 1497 W 29th Street presents an attractive opportunity for investors looking to own multifamily real estate in the Los Angeles market.1497 W 29th Street -- A compelling opportunity to invest in a well-located multifamily property near USC.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Heating Wall Furnace

Cooling Ductless, None

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Refrigerator

Laundry Common Area

Exterior

Parking Features Asphalt, On Street

Fence Wrought Iron

Pool None

Community Features Biking, Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Accessibility Parking

Total Parking Spaces 4

Private Pool No

Building

Lot Description Sprinklers In Front, Near Public Transit, Sprinkler System, Walkstreet

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5054034019

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 5376.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Michael Peters Victory Financial Inc. michael.peters@pacbell.net, DRE #01175350

NEARBY SCHOOL & BUSINESS

Robert Cedeno
Robert Cedeno

CEO License ID: 02031052

+1(626) 283-7800 | robertcedeno52@gmail.com

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1497 29 W 29th ST W