$2,995,000 Price Analysis   ♡   Los Angeles, CA 90011 20 bed 21 bath 7,918 SqFt ($378/SqFt) 6,252SqFt lot. Built 2024 Listed 2024-05-20, Taxes $2,245 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 mre! Every box is checked! 212 E 29th St is situated 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 e asy 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.
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Property MLS #BB24097509 from CRMLS
Appliances YN: Yes
Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Heating Features: Central
Heating: Yes
Garage Spaces: 7
Parking Total: 9
Lot Size Acres: 0.1435262
Lot Size Source: Assessor
Lot Size Square Feet: 6252
Road Surface Type: Paved
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 4
Bedrooms in Unit-4: 4
Bedrooms in Unit-5: 4
Total Bathrooms in Unit-1: 5
Total Bathrooms in Unit-2: 4
Total Bathrooms in Unit-3: 4
Total Bathrooms in Unit-4: 4
Total Bathrooms in Unit-5: 4
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 1
Gardener Expense: 1200.00
Maintenance Expense: 2000.00
Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.38
Source Property Type: Residential Income
Insurance Expense: 7126.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
New Taxes Expense: 35382.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 5
Parcel Number: 5128004010
Postal Code Plus 4: 1931
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $66,470 + $110,785 $177,255 | $2,245 |
| 2021 | $65,167 + $108,613 $173,780 | $2,213 |
| 2020 | $64,499 + $107,500 $171,999 | $2,231 |
| 2019 | $63,235 + $105,393 $168,628 | $2,148 |
| 2018 | $61,996 + $103,327 $165,323 | $2,092 |
| 2017 | $60,781 + $101,301 $162,082 | $2,045 |
| 2016 | $59,590 + $99,315 $158,905 | $1,990 |
| 2015 | $58,695 + $97,824 $156,519 | $1,962 |
| 2014 | $57,546 + $95,908 $153,454 | $1,975 |
| 2013 | $57,286 + $95,475 $152,761 | $1,975 |
| 2012 | $56,163 + $93,603 $149,766 | $1,999 |
| 2010 | $55,062 + $91,768 $146,830 | $1,959 |
| 2009 | $54,781 + $91,300 $146,081 | $1,892 |
| 2009 | $54,651 + $91,083 $145,734 | $1,892 |
| 2008 | $53,707 + $89,510 $143,217 | $1,816 |
| 2007 | $52,654 + $87,755 $140,409 | $1,753 |
$4,100
TheMLSCLAW
Price Changed 2024-06-11
$2,995,000
CRMLS
Price Changed 2024-06-05
$2,950,000
CRMLS
Listed for rent 2024-06-04
$4,200
TheMLSCLAW
Listed 2024-05-20
$2,995,000
CRMLS
Sold 2022-08-23
$700,000
CRMLS
Sold 1989-12-22
$80,000
Public Record
Sold 1984-10-02
$30,000
Public Record
Year Built: 2024
Building Features: 2
Common Walls: 1 Common Wall
Direction Faces: Northeast
Entry Level: 1
Entry Location: front
New Construction: Yes
Property Attached: Yes
Property Condition: Turnkey
Levels or Stories: Three Or More
Building Total Stories: 1
Structure Type: Quadruplex
House Style: Modern
Year Built Source: Builder
Sewer: Sewer: Public Sewer
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.