1150 29th Street, Los Angeles, CA 90007
  • MLS#: 25504093 ( )
  • Street Address: 1150 29th Street
  • Viewed: 3
  • Price: $4,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 280
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90007
  • Provided by: Keller Williams Los Angeles
  • Contact: Michael R. Michael R.
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    *The Pointe is part of the 5 building CDI Management Student Housing Portfolio at USC or may be sold separately.* Property Fully Leased for the 2025 2026 Academic School Year! Introducing The Pointe, a fantastic investment opportunity located at 1150 W 29th St., offering prime student housing in the heart of North University Park, just a short walk from the University of Southern California (USC) campus. This 6,422 sq. ft. building sits on a 6,840 sq. ft. lot and features 16 units, including 15 studio apartments and one 1 bedroom unit, all fully occupied by USC students. Renovated in 2005 and meticulously cared for since, The Pointe offers a well maintained, turnkey property with an on site laundry facility and a total of 10 parking spaces, including 4 tandem tuck under parking spaces in the front and 6 tuck under spaces in the rear.The property's prime location provides easy access to USC campus and USC Village, making it a highly desirable residence for students. With its close proximity to the USC campus, The Pointe enjoys a high demand for leasing, ensuring minimal vacancy and steady rental income. The building is owned and operated by CDI Management and is fully occupied by USC students. This is an exceptional opportunity for investors seeking a low maintenance, fully occupied property in one of Los Angeles' most dynamic neighborhoods. Don't miss your chance to invest in this prime piece of student housing real estate with excellent potential for continued growth.
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Features
Appliances
  1. Oven
Building Area Total
  1. 6422.00
Cooling
  1. None
Country
  1. US
Heating
  1. None
Levels
  1. Multi/Split
  2. Two
Netoperatingincome
  1. 203143.00
Parcel Number
  1. 5055029018
Parking Features
  1. Covered
Sourcesystemkey
  1. 25504093:CLAW
Tenant Pays
  1. Electricity
Totalexpenses
  1. 112414.00
Year Built
  1. 1962
Zoning
  1. LAR3