212 E 29th Street, Los Angeles, CA 90011 (MLS # BB24097509)

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PRICE $2,995,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 7,918 sqft
LOT SIZE 6,251 sqft

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 36 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
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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