Malibu to Beverly Hills and Surrounding Areas

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1200 29th St
Los Angeles, CA 90007
MLS# 18-411312 ID: 74690517
$4,800,000
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Property Description
Commercial Sale - LOS ANGELES, CA We are pleased to offer for sale this nineteen (19) bedroom student housing investment opportunity located at 1200 W. 29th Street, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1898 & 2002 with a square footage of 6,607 on a 9,576-square foot lot. The subject property represents a very desirable asset in the supply-constrained USC submarket, and has been reinforced and upgraded in compliance with the latest city codes and regulations.The property consists of four (4) townhouses with a remarkable unit mix, comprised of one (1) 5+2.5, one (1) 6+3.5, and two (2) 4+lofts+3.5 units. The investment boasts spacious floor plans, an on-site laundry room for additional income, ten (10) on-site parking spaces, new copper plumbing, recently painted, and individually metered for gas and electricity.
Property Features
Status
Days On Market
Last Updated June 21, 2022
Market Status Sale Pending
Description
Property Type Commercial
Year Built 1947
Listing Features
Property Type Commercial;
Offered By:
Davis Saadian
John Aaroe Group

Data Provided by Combined LA Westside Multiple Listing Service, Inc

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