212 E 29th Street,
Home For Sale
212 E 29th St is an OPPORTUNITY ZONE 3-story, townhome-style new construction 5-unit (4 + 1 ADU) located minutes from Exposition Park and moments from the USC campus! With an ideal location that attracts both master lease and individual renters (USC students especially!), we project an outstanding 6.38% cap rate once stabilized! This upscale property is made up of ALL expansive 4-bedroom units! With tons of balconies, ideal parking (9 spaces, 7 in garages and 2 exterior spaces), luxury finishes, and large floorplans, these units will be the #1 choice for high paying USC students, recent graduates, master lease companies, and more! Every box is checked! 212 E 29th St is situated just minutes from Exposition Park, a 160-acre urban park that houses the California Science Center, the BMO Stadium, the Los Angeles Memorial Coliseum, EXPO Center, the California African American Museum, the Natural History Museum, the Rose Garden and the Dr. Theodore T. Alexander Jr. Science Center Charter School. Plus its minutes from the countless local hotspots and conveniences in the area, including the USC Village, DTLA Arts District, and major employment hubs. Thanks to the excellent location, this will be an extremely easy to manage, high cash flow property. Enjoy no rent control, OZ benefits, separate meters for all utilities and a 1-year builders warranty! In addition to being a magnet for standard renters, we are already seeing incredible response from master leasing companies who want to rent the whole building at a premium.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90011
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- MLS® #:
- BB24097509
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- Lot Size:
- 0.14
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- Neighborhood:
- LOS ANGELES (90011)
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Listing information last updated on July 23rd, 2024 at 9:46pm PDT.