Property listed by Keller Williams Studio City, Michael Pesci 818-432-1500
$1,350,000
Presenting a prime investment opportunity in one of Los Angeles' most consistently high-demand rental markets, 1497 W 29th Street offers exceptional upside and long-term value just steps from the University of Southern California (USC). This well-maintained, income-producing 8-unit multifamily property features a desirable unit mix of six singles and one… Read More spacious 2-bedroom, 1-bathroom unit, making it an ideal acquisition for both seasoned and first-time investors.Set on a prominent corner lot, this gated complex offers a secure environment for tenants with modern security enhancements including a fully fenced perimeter, key-controlled entry, and strategically placed security cameras. Tenants also enjoy the convenience of on-site laundry, gated on-site parking, and a newly upgraded 100-gallon water heater to ensure comfort and functionality. The property is master-metered for gas and electric, offering operational simplicity and cost-effective management.This turnkey property boasts major system upgrades, including a newer roof, updated copper plumbing, and fully upgraded electrical systems. These enhancements significantly reduce future maintenance costs and provide peace of mind for ownership. The newly paved and gated parking lot adds curb appeal and additional tenant convenience, further enhancing the property's marketability.Location is everythingand 1497 W 29th St delivers. Situated within the USC DPS Patrol and Response Area, this asset is particularly appealing to student renters and parents seeking added safety. It's only minutes from the I-10 and I-110 freeways, offering easy access to Downtown LA, Koreatown, and other major employment and entertainment hubs. With consistent demand from students, faculty, and working professionals, this asset presents a strong rental upside in a neighborhood known for high occupancy rates and appreciation potential. 1497 W 29th St is more than just a property it's a strategic investment in the heart of Los Angeles. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Read Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,040
Lot Size
0.13 Acres
Year Built
1922
MLS Number
25569543
30 Days Snapshot Of 90007
$1.08M
+72%
(avg) sold price
1
0%
home sold
35
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1922, Building area total: 3,040, Levels: One, Living area: 3040, 1 story, 1 building
Income
Gross income: $129,821, Net operating income: $76,747
Lot
0.1291 acres, 5,625 square feet, Size: 5,625
Parking
4 totals parking
Pool
None
Property
Zoning: LAR2
Spa
None
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
