1150 W 29th St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$5,000,000 USD
818-321-6490
1150 W 29th St, Los Angeles, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/12
null | 5.08% Cap Rate

1150 W 29th St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Great student housing investment opportunity!
  • Strong occupancy rates and a proven track record of success!
  • Within walking distance to USC and USC Village! Within the USC Patrol Zone!
  • 15 Studio Units and 1-1 Bedroom Unit! High Demand Unit Type of USC Students!
  • 10 parking spaces!

OVERVIEW

*The Pointe is owned and operated by CDI Management. The property 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. 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.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$779 USD /SF

# OF UNITS

16

PRICE/UNIT

$312,500

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pointe - CDI Mgmt. Student Housing at USC

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5055-029-018

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.