2901 S Hoover St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$6,500,000 USD
818-321-6490
2901 S Hoover St, Los Angeles, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/7
null | 4.82% Cap Rate

2901 S Hoover St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Exceptional student housing opportunity!
  • Within the USC Patrol Zone and walking distance to USC Campus and USC Village!
  • Strong occupancy rates and a proven track record of success!
  • 8 parking spaces!
  • Fully occupied by USC students!
  • Excellent visibility along Hoover St heading into USC main entrance!

OVERVIEW

*The Tower 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 Tower, an exceptional investment opportunity located at 1102 W 29th St. in the highly sought-after North University Park neighborhood. This 8,966 sq. ft. building sits on a 7,495 sq. ft. lot and offers 12 well-maintained units, including two 3-bedroom apartments, four 2-bedroom units, and six 1-bedroom units. Renovated in 2005 and meticulously cared for, The Tower provides modern living spaces with desirable amenities, including an on-site laundry facility and 8 parking spaces. The property’s prime location, just a short walk to the University of Southern California (USC) campus, USC Village, and retail amenities along Figueroa St., makes it an attractive choice for USC students seeking convenience and comfort. With excellent visibility along Hoover St., The Tower benefits from high exposure as it’s directly in the path of those entering the main USC campus. This property offers a unique opportunity to own a well-positioned, income-generating asset in one of Los Angeles' most dynamic and growing neighborhoods. Whether you are an experienced investor or new to student housing, The Tower promises excellent potential with its proximity to USC and its continued demand for quality student accommodations. Don't miss this chance to secure a prime investment in a thriving location!

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$725 USD /SF

# OF UNITS

12

PRICE/UNIT

$541,667

CAP RATE

4.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Tower - 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

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5055-029-001

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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