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1422 W. 29th Street,
Los Angeles, California 90007

$1,200,000
1422 W. 29th Street, LA 90007

Property Details

Beds5 Baths3 Garage0
Bldg Size2 sq. ft

Property Description

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.

Property Status: For Sale

Location

1422 W. 29th Street, Los Angeles, California 90007

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