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$ 5,000,000
Est. payment /mo
Active
1150 W 29th ST Los Angeles, CA 90007
16 Beds
16 Baths
6,422 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,422 sqft
Price per Sqft $778
MLS Listing ID 25504093
Bedrooms 16
HOA Y/N No
Year Built 1962
Lot Size 6,838 Sqft
Property Description
*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Appliance Oven
Exterior
Parking Features Covered
Total Parking Spaces 10
Building
Story 2
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5055029018
Special Listing Condition Standard
Listed by Michael R. Fukushima • Keller Williams Realty Downey