1137 W 29th St
1137 W 29th St
1137 W 29th St
1137 W 29th St
SEE ALL PHOTOS
1137 W 29th St
1137 W 29th St
1137 W 29th St
1137 W 29th St
Sold

1137 W 29th St

1137 W 29th St, Los Angeles, CA 90007

$4,300,000
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.

16
beds

11
baths

5,832 Sq.Ft. LIVING AREA

8,646 Sq.Ft. lot

Davis Saadian

Davis Saadian

Features & Amenities

Interior

  • total bedrooms16
  • Total bathrooms11
  • APPLIANCES Range/Oven, Refrigerator, Other

Area & Lot

  • Status Sold
  • Living Area5,832 Sq.Ft.
  • Lot Area8,646 Sq.Ft.
  • MLS® ID22-178321
  • TypeMulti-Family
  • YEAR BUILT1949

Exterior

  • parkingOther
  • HEAT TYPEOther
  • AIR CONDITIONINGOther

Financial

  • Sales Price$4,300,000
  • Zoning LARD1.5

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The Davis Saadian Group is the technology, and experience driven real estate group that will get you started. Buying a house or putting your property for sale starts with The Davis Saadian Group.

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