1477 W 29th Street, Los Angeles, CA 90007
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1477 W 29th Street,Los Angeles, CA 90007
$1,095,000
- 7 Beds
- 4 Baths
- 2,328 sq. ft.
- Multi-family
- Active
Listed by: davis saadian
Office: keller williams hollywood hills310-623-1300
MLS#:26833429
Source:CRMLS
Price summary
- Price:$1,095,000
- Price per sq. ft.:$470.36
About this home
We are pleased to present the opportunity to acquire 1477 W. 29th Street, a fully renovated duplex student housing investment located in the highly coveted West of Campus neighborhood within the USC DPS Patrol Zone. Situated just blocks from the University of Southern California, the property benefits from one of the strongest student housing rental markets in Los Angeles, consistently achieving premium rents, full occupancy, and strong year-round tenant demand. The property is currently 100% occupied by USC students and fully leased, generating approximately $7,500 per month. With a proven operational history, parental guarantees, and strong in-place cash flow, the asset offers investors immediate yield and stable income from day one. The property consists of a beautifully upgraded 6-bedroom + 3-bathroom craftsman single family residence originally built in 1907, along with a detached studio ADU, totaling approximately 2,328 rentable square feet situated on a 5,626 square foot lot. Both units have undergone extensive renovations featuring modern, high-end finishes throughout, including hardwood flooring, updated countertops, stainless steel appliances, tile showers with glass enclosures, in-unit washer and dryers, furnished bedrooms, updated kitchens and bathrooms, recessed lighting, and contemporary fixtures. The property also features gated access, and a large outdoor area, all highly desirable amenities for the USC student demographic. Operationally, the asset is highly efficient, with tenants responsible for all utilities; gas, water, trash and electricity, helping minimize landlord expenses and maximize net operating income. Offered at approximately a 6.5% cap rate and 12x GRM, the asset represents a rare plug-and-play investment opportunity combining strong in-place cash flow, and long-term appreciation potential in one of Los Angeles' most resilient and supply-constrained rental submarkets....
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Home facts
- Year built:1907
- Listing ID #:26833429
- Added:88 day(s) ago
- Updated:August 11, 2026 at 11:09 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Kitchen Description:Microwave, Refrigerator
- Living area:2,328 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:1907
- Building area:2,328 sq. ft.
- Lot area:0.13 Acres
- Architectural Style:Craftsman
- Levels:2 Story
Finances and disclosures
- Price:$1,095,000
- Price per sq. ft.:$470.36
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Inside, Washer
- Amenities:Ceiling Fans
Parking
- Parking description:Gated
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