1329 29th Street , Los Angeles, CA - 90007 is For Sale

  • 22178373
  • 22178373
  • 22178373
$1,900,000· Income property

Description

We are pleased to present the opportunity to acquire The 29TH Street Portfolio, an eleven (11) building, 110-Bedroom, Student Housing Portfolio, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC).Consisting of 11 separate structures, The 29TH Street Portfolio provides investors the opportunity to acquire a sizable presence in one of the most desirable infill student housing markets in the United States. Additionally, while the properties have been well maintained under current ownership, they are well suited for common area upgrades and interior unit remodeling/ updates that will further increase cashflow and returns. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2022-2023 year perfectly positioned to benefit from the enrollment growth in an under-supplied student housing market. The following properties are being sold together as a portfolio sale: 1137 W. 29th Street, LA 90007, 1151 W. 29th Street, LA 90007, 1159 W. 29th Street, LA 90007, 1173 W. 29th Street, LA 90007, 1179 W. 29th Street, LA 90007, 1329 W. 29th Street, LA 90007, 2830 Menlo Ave, LA 90007, 1358 W. 29th Street, LA 90007, 1360 W. 29th Street, LA 90007, 1535 W. 30th Street, LA 90007, 1481 W. 25th Street, LA 90007.

Features

MLS#: 22178373
List Price : $1,900,000
Total Units : 2
Gross Operating Income : $130,800
Net Operating Income : $98,100
Sq M : 381 M2
Year Built : 1913
Days on market : 82 Days
Gross taxes : N/A
Address : 1329 29th Street
City : Los Angeles
State : CA
Zip Code : 90007
Neighborhood : N/A
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,900,000
Acres : 0.0941
Lot Size (Acres) : 0.0941
Driving Directions : 11 total properties Adjacent to USC and North of the Campus & Village
 
Courtesy of : Davis Saadian , Compass

Location

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