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1232 W 29th St
Los Angeles, CA 90007 West Adams

$4,750,000 USD

Apartments For Sale  •  12,753 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,753 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1962
  • Zoning LAR3
70 Transit Score
91 Walk Score

Highlights

Value-Add USC Student Housing Asset — 20 units / 27 bedrooms with multiple vacancies and below-market rents, offering immediate mark-to-market and ren
Attractive Entry Basis vs. Recent Sales — Offered at ~$237K/unit, well below recent USC-area trades
Day-One Upside Through Vacant Units — Several vacant units allow new ownership to renovate, re-tenant, and reset rents
Abundant Onsite Parking Available for Students
Softstory Retrofit Has Been Completed

Amenities

  • Grill
  • Recycling
  • Kitchen
  • Range
  • Tub/Shower
  • Carpet

Public Transportation

Commuter RailDriveWalkDistance
9 min - 4.6 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 4.8 mi
Transit/SubwayDriveWalkDistance
Jefferson/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 16 min 0.8 mi
Expo Park/USC (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 0.9 mi
Expo/Vermont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 0.9 mi
AirportDriveWalkDistance
Los Angeles International 23 min - 13.0 mi
Bob Hope 30 min - 14.9 mi
Long Beach (Daugherty Field) 30 min - 21.0 mi
Adam Estrin 323-405-2310 Fred Leeds Properties
Adam Estrin 323-405-2310 Fred Leeds Properties