212 E 29th Street
Los Angeles, CA 90011
- – beds
- – baths
- – sqft
- 6,252 sqft lot
- 2024 build
- – on site
Opportunity Zone!! This newly constructed 5-unit property at 212 E 29th St., presents an outstanding opportunity with a pro-forma 6.26% cap rate, making it ideal for investors seeking strong returns. Two of the units are currently leased at $4,100 per month. The fully gated property consists of two brand-new buildings, a duplex in front and duplex plus attached ADU at rear, thoughtfully designed with modern amenities and low-maintenance features. Each unit is equipped with sleek stainless steel kitchen appliances, in-unit washer and dryers, and energy-efficient tankless water heaters. Some of the units offer breathtaking views of Downtown LA, adding even more appeal to potential tenants. With a total of 9 parking spaces, 7 secure garages and 2 partially covered carports plus room to create an additional space, the property provides ample parking, a major bonus for city living. The property's prime location is a key selling point, situated near major institutions like USC, LA Trade-Tech College, and California Hospital Medical Center, making it attractive to students, faculty, and medical professionals alike. It's also just a short distance from Downtown LA's vibrant entertainment and dining scene, including LA Live, Staples Center, and a variety of acclaimed restaurants. Surrounded by schools, parks, and community amenities, this property appeals to a wide range of tenants. With minimal landscaping and a design that emphasizes low upkeep, this turnkey investment is poised for long-term growth and steady cash flow in one of LA's rapidly developing neighborhoods. Don't miss the chance to capitalize on this unique offering!
Last checked:
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Last updated Nov 19, 2024
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MLS# 24463491 —
The Building
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Year Built:2024
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Year Built Source:Builder
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New Construction:Yes
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Building Area Total:7918.00
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# of Buildings:2
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Total Number Of Units:5
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Stories Total:3
Interior
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Levels:Multi/Split
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Flooring:Laminate
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Laundry:Washer Included, Dryer Included
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Laundry:1
Location
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Directions:Exit I-10 Freeway at Maple, Turn right on Maple, turn right on 29th
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Latitude:34.02156900
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Longitude:-118.26869000
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:6252.0000
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Lot Size Dimensions:50x125
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Lot Size Acres:0.1435
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Lot Size SqFt:6252.00
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View:1
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View:City Lights
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5128004010
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Other
Appliances
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Appliances:Dishwasher, Disposal, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Tandem Garage, Gated, Garage - Single Door, Garage - Two Door
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Parking Spaces:9.00
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Garage Spaces:7.00
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Uncovered Spaces:2.00
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Carport Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/18/24
Nov 18, 2024
|
Listed / Active | CRMLS_CA | $2,895,000 | 313.6% (139.9% / YR) |
|
8/23/22
Aug 23, 2022
|
CRMLS_CA | $700,000 | 7.7% | |
|
7/30/22
Jul 30, 2022
|
CRMLS_CA | $650,000 |
