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Multifamily

130 E 29th St

130 E 29th St, Los Angeles, CA 90011

Listing Price: $2,200,000

Cap Rate
6.07%
Number of Units
4
GRM
12.22
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$281.76
Gross SF
7,808

Investment Overview

Marcus & Millichap is pleased to present 130 E. 29th Street, 4-townhome style units (two-duplexes) constructed in 2020, located just south of Downtown Los Angeles. Each unit is a large three-story, four-bedroom/four-bathroom townhome with an average size of 1,635 sf. Units feature balconies, central heat and air-conditioning, recessed lighting, luxury laminate flooring and kitchens with white shaker cabinets, modern subway tiles and modern appliance packages. The units are excellent for large families or co-living tenants as they are spread over three floors and feature massive kitchen/living areas with open floor plans, en-suite bathrooms for three of the four bedrooms, private garages and laundry rooms. The two buildings on the property consist of a total of 7,808 square feet and sits on a 6,250 square foot lot that is LARD1.5 zoned and in an opportunity zone.
130 E. 29th Street has a Walk Score of 78 (very walkable) and a Bike Score of 90 (biker’s paradise). The property is approximately 1-mile from Downtown Los Angeles allowing easy access to grocery stores, entertainment, retail and some of the most popular restaurants and nightlife options in the city. The property is also just under 1-mile from the University of Southern California (USC) offering a viable housing option for its students and employees. The property is conveniently located near the 110 and 10 freeways and just a 0.8 mile walk to the Jefferson/USC Metro E Station providing easy westbound access to Culver City, West LA and Santa Monica and northbound access to Downtown LA and beyond.

Investment Highlights

  • 4-Townhomes Built in 2020 in Central Los Angeles Location: Rare opportunity to purchase 4-townhomes built in 2020 located approximately 1 mile to both Downtown LA and USC
  • Excellent Metrics for New Construction: Low price per foot ($281.76/ft), 6.07% cap rate/ 12.22 GRM on current rents
  • Favorable Unit Mix: Property features a favorable unit mix (4) four-bedroom/four-bathroom townhome-style units with an average size of 1,635 sf
  • Unit Features: Units feature balconies, central heat and air-conditioning, recessed lighting, luxury laminate flooring, and kitchens with white shaker cabinets, modern subway tiles and appliance packages
  • Excellent Rental Units for Large Families/Co-Living Tenants: Units are excellent for large families or co-living tenants as they are spread over three floors and feature massive kitchen/living areas with open floor plans, en-suite bathrooms for three of the four bedrooms, private garages and laundry rooms
  • Walk Score 78/Bike Score 90: Property has Walk Score of 78 (very walkable) and a Bike Score of 90 (biker's paradise) as it is approximately 1-mile from Downtown Los Angeles allowing easy access to grocery stores, entertainment, retail and some of the most popular restaurants and nightlife options in the city
  • Proximity to 110/10 Freeways and Public Transportation: Conveniently located near the 110 and 10 freeways and just a 0.8 mile walk to the Jefferson/USC Metro E Station providing easy westbound access to Culver City, West LA and Santa Monica and northbound access to Downtown LA and beyond

Exclusively Listed By

Financing By

Multifamily

130 E 29th St

Listing Price: $2,200,000

Cap Rate
6.07%
Number of Units
4
GRM
12.22
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$281.76
Gross SF
7,808

Investment Highlights

  • 4-Townhomes Built in 2020 in Central Los Angeles Location: Rare opportunity to purchase 4-townhomes built in 2020 located approximately 1 mile to both Downtown LA and USC
  • Excellent Metrics for New Construction: Low price per foot ($281.76/ft), 6.07% cap rate/ 12.22 GRM on current rents
  • Favorable Unit Mix: Property features a favorable unit mix (4) four-bedroom/four-bathroom townhome-style units with an average size of 1,635 sf
  • Unit Features: Units feature balconies, central heat and air-conditioning, recessed lighting, luxury laminate flooring, and kitchens with white shaker cabinets, modern subway tiles and appliance packages
  • Excellent Rental Units for Large Families/Co-Living Tenants: Units are excellent for large families or co-living tenants as they are spread over three floors and feature massive kitchen/living areas with open floor plans, en-suite bathrooms for three of the four bedrooms, private garages and laundry rooms
  • Walk Score 78/Bike Score 90: Property has Walk Score of 78 (very walkable) and a Bike Score of 90 (biker's paradise) as it is approximately 1-mile from Downtown Los Angeles allowing easy access to grocery stores, entertainment, retail and some of the most popular restaurants and nightlife options in the city
  • Proximity to 110/10 Freeways and Public Transportation: Conveniently located near the 110 and 10 freeways and just a 0.8 mile walk to the Jefferson/USC Metro E Station providing easy westbound access to Culver City, West LA and Santa Monica and northbound access to Downtown LA and beyond

Investment Overview

Marcus & Millichap is pleased to present 130 E. 29th Street, 4-townhome style units (two-duplexes) constructed in 2020, located just south of Downtown Los Angeles. Each unit is a large three-story, four-bedroom/four-bathroom townhome with an average size of 1,635 sf. Units feature balconies, central heat and air-conditioning, recessed lighting, luxury laminate flooring and kitchens with white shaker cabinets, modern subway tiles and modern appliance packages. The units are excellent for large families or co-living tenants as they are spread over three floors and feature massive kitchen/living areas with open floor plans, en-suite bathrooms for three of the four bedrooms, private garages and laundry rooms. The two buildings on the property consist of a total of 7,808 square feet and sits on a 6,250 square foot lot that is LARD1.5 zoned and in an opportunity zone. 130 E. 29th Street has a Walk Score of 78 (very walkable) and a Bike Score of 90 (biker’s paradise). The property is approximately 1-mile from Downtown Los Angeles allowing easy access to grocery stores, entertainment, retail and some of the most popular restaurants and nightlife options in the city. The property is also just under 1-mile from the University of Southern California (USC) offering a viable housing option for its students and employees. The property is conveniently located near the 110 and 10 freeways and just a 0.8 mile walk to the Jefferson/USC Metro E Station providing easy westbound access to Culver City, West LA and Santa Monica and northbound access to Downtown LA and beyond.

Exclusively Listed By

Financing By

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