1150 W 29th Street,Los Angeles, CA 90007
Los Angeles, CA 90007
Description
*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Introducing The Pointe, a fantastic investment opportunity located at 1150 W 29th St., offering prime student housing in the heart of North University Park, just a short walk from the University of Southern California (USC) campus. This 6,422 sq. ft. building sits on a 6,840 sq. ft. lot and features 16 units, including 15 studio apartments and one 1-bedroom unit, all fully occupied by USC students. Renovated in 2005 and meticulously cared for since, The Pointe offers a well-maintained, turnkey property with an on-site laundry facility and a total of 10 parking spaces, including 4 tandem tuck-under parking spaces in the front and 6 tuck-under spaces in the rear.The property's prime location provides easy access to USC campus and USC Village, making it a highly desirable residence for students. With its close proximity to the USC campus, The Pointe enjoys a high demand for leasing, ensuring minimal vacancy and steady rental income. The building is owned and operated by CDI Management and is fully occupied by USC students. This is an exceptional opportunity for investors seeking a low-maintenance, fully occupied property in one of Los Angeles' most dynamic neighborhoods. Don't miss your chance to invest in this prime piece of student housing real estate with excellent potential for continued growth.
Details
| MLS# | 25504093 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 52 |
| Listing Provided By | Keller Williams Realty Downey 562-334-1500 | Michael R. Fukushima |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 16 |
| SQ Feet | 6,422 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90007) | |
Price: $5,000,000 low | high Med: $1,299,000 SqFt: 6,422 low | high Med: 2,986 $ / SqFt: $779 low | high Med: $435 On site: 52 low | high Med: 1085.000000 | |