Los Angeles, CA 90007 1150 W 29th Street

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Presented By: Michael R. Fukushima with Keller Williams Los Angeles;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25504093
  • 03/03/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 16
  • Baths • 16
  • SQFT • 6,422

Home Details

*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.*Property Fully Lease for the 2025-2026 Academic School Year! Introducing The Pointe, a fantastic investment opportunity located at 1150 W 29th St., offering prime student housing in the heart of North University Park, just a short walk from the University of Southern California (USC) campus. This 6,422 sq. ft. building sits on a 6,840 sq. ft. lot and features 16 units, including 15 studio apartments and one 1-bedroom unit, all fully occupied by USC students. Renovated in 2005 and meticulously cared for since, The Pointe offers a well-maintained, turnkey property with an on-site laundry facility and a total of 10 parking spaces, including 4 tandem tuck-under parking spaces in the front and 6 tuck-under spaces in the rear.The property's prime location provides easy access to USC campus and USC Village, making it a highly desirable residence for students. With its close proximity to the USC campus, The Pointe enjoys a high demand for leasing, ensuring minimal vacancy and steady rental income. The building is owned and operated by CDI Management and is fully occupied by USC students. This is an exceptional opportunity for investors seeking a low-maintenance, fully occupied property in one of Los Angeles' most dynamic neighborhoods. Don't miss your chance to invest in this prime piece of student housing real estate with excellent potential for continued growth.
Presented By: Michael R. Fukushima with Keller Williams Los Angeles;

Interior Features for 1150 W 29th Street

Bedrooms

Total Bedrooms16

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

General for 1150 W 29th Street

Additional Parcels Y/NNo
AppliancesOven
Attached Garage No
Cap Rate6.0
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsFrom Downtown, start on Harbor Freeway, then take the exit onto I-10 and keep right toward I-10 West. Keep right toward Hoover St, and turn right onto W 20th St. Turn right onto S Hoover St, then turn ri
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income374280.0
HOANo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo, MultiSplit
Lot Size Square Feet6840.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income203143.0
New ConstructionNo
Number Of Units Total16
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity
Year Built1962
ZoningLAR3

Exterior for 1150 W 29th Street

Building Area Total6422.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.157
Lot Size Area6840.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered
Private PoolNo
SpaNo
Total Parking10.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,350,000
MLS#25504093
List Date 03/03/2025
Property Type Multi-Family
Phone 714.742.6515
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