Presenting a prime investment opportunity in one of Los Angeles' most consistently high-demand rental markets, 1497 W 29th Street offers exceptional upside and long-term value just steps from the University of Southern California (USC). This well-maintained, income-producing 8-unit multifamily property features a desirable unit mix of six singles and one… Read More spacious 2-bedroom, 1-bathroom unit, making it an ideal acquisition for both seasoned and first-time investors.Set on a prominent corner lot, this gated complex offers a secure environment for tenants with modern security enhancements including a fully fenced perimeter, key-controlled entry, and strategically placed security cameras. Tenants also enjoy the convenience of on-site laundry, gated on-site parking, and a newly upgraded 100-gallon water heater to ensure comfort and functionality. The property is master-metered for gas and electric, offering operational simplicity and cost-effective management.This turnkey property boasts major system upgrades, including a newer roof, updated copper plumbing, and fully upgraded electrical systems. These enhancements significantly reduce future maintenance costs and provide peace of mind for ownership. The newly paved and gated parking lot adds curb appeal and additional tenant convenience, further enhancing the property's marketability.Location is everythingand 1497 W 29th St delivers. Situated within the USC DPS Patrol and Response Area, this asset is particularly appealing to student renters and parents seeking added safety. It's only minutes from the I-10 and I-110 freeways, offering easy access to Downtown LA, Koreatown, and other major employment and entertainment hubs. With consistent demand from students, faculty, and working professionals, this asset presents a strong rental upside in a neighborhood known for high occupancy rates and appreciation potential. 1497 W 29th St is more than just a property it's a strategic investment in the heart of Los Angeles. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Read Less
Courtesy of Keller Williams Studio City 818-432-1500
Listing Snapshot
Days Online
39
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,040
Lot Size
0.13 Acres
Year Built
1922
MLS Number
25569543
30 Days Snapshot Of 90007
$860k
0%
(avg) sold price
120
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
3,040 sq ft, Built in 1922, Levels: One, Attached
Cooling
Window Unit(s)
Disclosures
None
Garage
Attached
Lot
LotAcreage: 0.1292, LotSizeArea: 5,625, 5 + Lots, Corner Lot
Miscellaneous
None
Parking
TotalParking: 4
Pool
PoolYN: False, None
Property
EntryLocation: Main Level, NumberOfUnits: 8, Zoning: LAR2
Spa
Has spa, None
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