212 E 29Th Street, Los Angeles, CA 90011
-
Listed Price :
$2,895,000
-
Beds :
20
-
Baths :
21
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Property Size :
7,918 sqft
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Year Built :
2024
Property Description
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!
Interior Features
| Bedroom Information |
| Bedrooms |
20 |
| Bathroom Information |
| Bathrooms |
21 |
| Flooring Information |
| Material |
Laminate |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
212 E 29Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90011 |
| County |
Los Angeles |
| Listing Agent |
Michael Fitzgerald DRE #02016898 |
| Courtesy Of |
Power Brokers |
| List Price |
$2,895,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
7,918 |
| Lot Size |
6,252 |
| Year Built |
2024 |
Listing information courtesy of: Michael Fitzgerald, Power Brokers. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 18th, 2024 at 4:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
