212 E 29th Street, Los Angeles, CA 90011 (MLS # BB24097509)
Twitter
Facebook
Email
|
212 E 29th St is an OPPORTUNITY ZONE 3-story, townhome-style new construction 5-unit (4 + 1 ADU) located minutes from Exposition Park and moments from the USC campus! With an ideal location that attracts both master lease and individual renters (USC students especially!), we project an outstanding 6.38% cap rate once stabilized!This upscale property is made up of ALL expansive 4-bedroom units! With tons of balconies, ideal parking (9 spaces, 7 in garages and 2 exterior spaces), luxury finishes, and large floorplans, these units will be the #1 choice for high paying USC students, recent graduates, master lease companies, and more! Every box is checked!212 E 29th St is situated just minutes from Exposition Park, a 160-acre urban park that houses the California Science Center, the BMO Stadium, the Los Angeles Memorial Coliseum, EXPO Center, the California African American Museum, the Natural History Museum, the Rose Garden and the Dr. Theodore T. Alexander Jr. Science Center Charter School. Plus it’s minutes from the countless local hotspots and conveniences in the area, including the USC Village, DTLA Arts District, and major employment hubs. Thanks to the excellent location, this will be an extremely easy to manage, high cash flow property. Enjoy no rent control, OZ benefits, separate meters for all utilities and a 1-year builder’s warranty! In addition to being a magnet for standard renters, we are already seeing incredible response from “master leasing” companies who want to rent the whole building at a premium.
| DAYS ON MARKET | 68 | LAST UPDATED | 6/11/2024 |
|---|---|---|---|
| YEAR BUILT | 2024 | COMMUNITY | Downtown L.A. |
| GARAGE SPACES | 7.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Jun 5, '24 | $2,995,000 |
|---|---|
| Jun 5, '24 - Jun 11, '24 | $2,950,000 |
| Jun 11, '24 - Today | $2,995,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer |
| AREA | Downtown L.A. |
| BUYER'S BROKERAGE COMPENSATION | |
| GARAGE | Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | Walk-In Closet(s) |
| LOT | 6252 sq ft |
| LOT DESCRIPTION | Landscaped |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Modern |
| TAXES | 35922 |
| UTILITIES | Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| WATER | Public |
| ZONING | LARD1.5 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Based on information from CRMLS as of 7/27/24 12:25 AM PDT. The information being provided by CRMLS 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, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This IDX solution is (c) Diverse Solutions 2024.