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Active
1151 W 29th St Los Angeles, CA 90007
$29,500,000
9 beds
3,672 sq ft

Courtesy of Keller Williams Beverly Hills 310-432-6400

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Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

We are pleased to present the opportunity to acquire The 29TH Street Portfolio, an eleven (11) building, 110-Bedroom, Student Housing Portfolio, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC).Consisting of 11 separate structures, The 29TH Street Portfolio provides investors the opportunity to acquire a sizable presence in one of the most desirable infill student housing markets in the United States. Additionally, while the properties have been well maintained under current ownership, they are well suited for common area upgrades and interior unit remodeling/ updates that will further increase cashflow and returns. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2022-2023 year perfectly positioned to benefit from the enrollment growth in an under-supplied student housing market. The following properties are being sold together as a portfolio sale: 1137 W. 29th Street, LA 90007, 1151 W. 29th Street, LA 90007, 1159 W. 29th Street, LA 90007, 1173 W. 29th Street, LA 90007, 1179 W. 29th Street, LA 90007, 1329 W. 29th Street, LA 90007, 2830 Menlo Ave, LA 90007, 1358 W. 29th Street, LA 90007, 1360 W. 29th Street, LA 90007, 1535 W. 30th Street, LA 90007, 1481 W. 25th Street, LA 90007.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1927

Appliances and Equipment

  • Range/Oven
  • Refrigerator
  • Garbage Disposal

Bathrooms

  • 4.00 total bathrooms

Bedrooms

  • 9 total bedrooms

House

  • 3,672 sq ft
  • Built in 1927

Disclosures

  • As Is

Listing

  • ListDate: 2022-07-13
  • PricePerSqFt: $8,034
  • 30 days on market

Location

  • County: Los Angeles
  • ListingArea: Mid Los Angeles

Lot

  • LotAcreage: 0.1666
  • LotSizeArea: 7,256

Parking

  • TotalParking: 0

Property

  • NumberOfUnits: 4
  • Zoning: LARD1.5

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