1200 W 29TH Street

    Los Angeles (City), CA 90007
    • $5,200,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 18355222
    UPDATED: 45 min ago
    $5,200,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,607
      SQFT
    • $787
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2001
    County:

    School Ratings & Info

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. 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.
    www.playavistaliving.com/homes/84669483

    1200 W 29TH Street Los Angeles (City), CA 90007

    • Price: $5,200,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 18355222
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,607
    SQFT
    $787
    $/SQFT
    2001
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    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.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.40 Gross Multiplier 13.98 Gross Operating Income 373200.00 Improvements Amount 376302 Land Value 105240 Laundry YN Yes Net Operating Income 281792.00 Special Listing Conditions Standard Total Expenses 83968.00 Zoning Lar3

    Listing provided courtesy of Davis Saadian of Brc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. 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.
     
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