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.