1422 W 29Th Street, Los Angeles, CA 90007

About this property

We are pleased to offer the opportunity to acquire this five (5) Bedroom + three (3) Bathroom student housing investment opportunity, located in the DPS Patrol Zone, and just blocks to the University of Southern California (USC). The subject property was completely updated and remodeled in 2019, and features hardwood floors, granite counter-tops, stainless steel kitchen appliances, and in-unit washer & dryer. The property is approximately 2,832 rentable square feet on a 6,158 square foot lot, and presents an excellent value-add opportunity to construct an ADU, and further increase cash flow. (Buyer to verify)The investment is 100% occupied with USC students and fully leased for the 2021-2022 academic school year. 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.

Listing description from the September 2021 sale, as reported to CRMLS.

Sale history

$1,100,000

Sold September 2021 · listed $1,200,000, on market August 2021 · MLS #21767734 · Source: CRMLS

Listing Agent: Davis Saadian · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Davis Saadian · Keller Williams Beverly Hills

$748,500

Sold August 2016 · listed $690,000, on market June 2016 · MLS #16135648 · Source: CRMLS

Listing Agent: Michael R. Fukushima · Listing Office: Keller Williams Los Angeles · Contact: 213-797-7000 · Bought with: Michael R. Fukushima · Keller Williams Downtown LA

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