1294 West 29th Street

Los Angeles, CA 90007

$3,275,000
Price
18
Beds
9
Baths
5,300 Sq. Ft.
$618 / Sq. Ft.
5,300
Sq. Ft.
$618
per Sq. Ft.

Description

Usc student housing in historic university park district! This triplex is comprised of a 6 bedroom 3 bathroom front house (6+3) (currently vacant) and two apartment units comprised of 6 bedrooms and 3 bathrooms (6+3) on the 1st floor, and another 6 bedrooms 3 bathroom (6+3) on the second floor. The property features walk in closets, laundry room, and landscaped yard. The building square footage is 5,126 +/- and sits on a 6,770 Sf +/- lot. The property is zoned LARD2. The main house was built in 1898,...Usc student housing in historic university park district! This triplex is comprised of a 6 bedroom 3 bathroom front house (6+3) (currently vacant) and two apartment units comprised of 6 bedrooms and 3 bathrooms (6+3) on the 1st floor, and another 6 bedrooms 3 bathroom (6+3) on the second floor. The property features walk in closets, laundry room, and landscaped yard. The building square footage is 5,126 +/- and sits on a 6,770 Sf +/- lot. The property is zoned LARD2. The main house was built in 1898, and the back two apartments were added in 2001 and not subject to LARSO. There are many restaurants, shops, public transportation options, and the USC Village is conveniently located in walking distance to the property. This is a great opportunity to invest in one of USC's prime student housing areas!
  1. Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #00752861 • Keller Williams Realty Downey
  2. Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #00752861 • Keller Williams Realty Downey

Property Details for 1294 West 29th Street

Zoning
LARD2
Style
Unknown
Parcel Number
5055010043
Total Units
3.0
Living Area
5300
Source Living Area
Owner
Area
Mid Los Angeles (C16)
Vacancy Rate
2%
LISTING UPDATED: 11/19/2024 02:55 PM

Property Details for 1294 West 29th Street

StatusActive
MLS #24-446565
Days on Market122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1898
Lot Size0.16 AC / 6,770 SF
CountyLos Angeles County

Building Information for 1294 West 29th Street

Stories-Residences-Year Built1898Building Size-Lot Size0.16 AC / 6,770 SF

Property Information for 1294 West 29th Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: North
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $237,787
  • Net Operating Income: $169,263.00
  • Gross Income: $237,787
  • Cap Rate: 5.20%
  • Gross Rent Multiplier: $13.50
  • Actual Annual Gross Rent: $240,480.00
  • Actual Gross Annual Income: $237,787
  • Actual Rent Total: $240,480.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 68524
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1566
  • Lot Size Square Feet: 6770
Parking Details
Parking Details
  • Parking Garage: On street, Uncovered
  • Total Parking: 5
  • Parking Features: Street, Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: Range/Oven, Refrigerator
  • Common Walls: Attached
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-02-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 6
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $7,380.00
  • Unit Actual Rent: $7,380.00
  • Unit Projected Rent: $10,026.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 6
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,330.00
  • Unit Actual Rent: $12,660.00
  • Unit Projected Rent: $20,052.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $465,446.00
  • Assessed Improvement Percent: 73.21
  • Assessed Land Value: $170,321.00
  • Assessed Land Percent: 26.79
  • Assessed Total Value: $635,767.00

Property History for 1294 West 29th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1294 West 29th Street

Taxable ValueLand$173,727Additions$474,754Total$648,481
Tax Record2024$8,443 ($704 / month)
Home Facts
Total Finished SqFt5,126 SqFtAbove Grade Finished SqFt5,126 SqFtStories2Lot Size6,770 SqFtStyleTriplexYear Built1898ZoningLAR4CountyLOS ANGELESAPN5055-010-043

Schools near 1294 West 29th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Manual Arts Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1294 West 29th Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on September 30, 2024 by Keller Williams Realty Downey, it's currently listed at $3,275,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Vermont Avenue Elementary School, John Adams Middle School and Manual Arts Senior High School. 1294 West 29th Street is a 18-bed, 9-bath, 5,300 sqft multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Downey, Michael R. Fukushima, DRE #01380445; Keller Williams Realty Downey, Stephen F. Watson, DRE #01187813

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.