1422 W 29Th St
Sold

1422 W 29Th St

1422 W 29Th St, Los Angeles, CA 90007

$1,100,000
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.

5
beds

3
baths

2,832 Sq.Ft. LIVING AREA

6,159 Sq.Ft. lot

Davis Saadian

Davis Saadian

Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms3

Area & Lot

  • Status Sold
  • Living Area2,832 Sq.Ft.
  • Lot Area6,159 Sq.Ft.
  • MLS® ID21-767734
  • TypeMulti-Family
  • YEAR BUILT1904

Exterior

  • STORIES1
  • parkingOther
  • HEAT TYPEOther
  • AIR CONDITIONINGAir Conditioning
  • other exterior FeaturesOther

Financial

  • Sales Price$1,100,000
  • Zoning LAR2

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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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