35
See all 35 photos
$1,350,000
Est. payment /mo
8 Beds
8 Baths
3,040 SqFt
New
1497 W 29th ST Los Angeles, CA 90007
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,040 sqft
Price per Sqft $444
MLS Listing ID 25569543
Bedrooms 8
HOA Y/N No
Year Built 1922
Lot Size 5,623 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Fireplace No
Appliance Refrigerator
Exterior
Pool None
Total Parking Spaces 4
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5054034019
Special Listing Condition Standard
Virtual Tour https://www.hshprodmls2.com/1497west29thst
Listed by Michael Pesci Keller Williams Studio City
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