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1009 E 29Th St, Los Angeles, CA 90011
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1009 E 29Th St Los Angeles, CA 90011

$790,000 Sold Price as of 07/29/2022
  • 5 Beds
  • 5 Baths
  • 2,808 Sq.Ft.
Sold
$790,000 Sold Price as of 07/29/2022 Refinance Your Mortgage
Map preview of 1009 E 29Th St, Los Angeles, CA 90011

Property Overview: 1009 E 29Th St Los Angeles, CA has 5 bedrooms, 5 bathrooms, 2,808 living square feet and 7,739 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1009 E 29th St is a five unit apartment complex located in Los Angeles. Constructed in 1923 and sitting on a large 7,739 SF Lot Zoned LAR3 Tier (1) in a high density area with new development projects. Property consists of separate Bungalow- Style 1 Bedroom / 1 Bath units totaling 2,808 SF. The property line is fully fenced on all 4 sides including the gated entrance with back and front access. The property has ample space to park 1 car per unit. This investment has over 50% of upside in rental income and presents a tremendous value-add opportunity. All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. 1009 E 29TH Street is ideally developed in the Historic South Central District, one of the most highly sought-after neighborhoods in the city for new investment and urban redevelopment. Property will be sold as is and with tenants in place.

Listed by Evelyn Baez Gonzalez | BRE #02103055 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Olga Wright | BRE #01315042 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 48 seconds ago | Last updated: July 29th, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
7,739
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB22090438
City
Los Angeles
County
Los Angeles
Time on Site
793 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $5,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $849
  • Total Rent: $849
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $730
  • Total Rent: $730
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $49,548
  • Net Operating Income: $29,710
  • Gross Operating Income: $47,071
Annual Expense Breakdown
  • Total Operating Expense: $17,361
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,875
  • Trash: $0
  • Insurance: $1,404
  • Professional Management: $0
  • Water/Sewer: $4,000

Property Details for 1009 E 29Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5128022025
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: None
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N San Pedro St / E 29th St / N E Adams Blvd
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1009 E 29Th St

Last sold for $790,000 on July 29th, 2022

  • July, 2022

  • Jul 29, 2022

    Date

    Sold

    CRMLS: SB22090438

    $790,000

    Price

  • May 2, 2022

    Date

    Active

    CRMLS: SB22090438

    $798,000

    Price

  • May, 2012

  • May 24, 2012

    Date

    Sold (Public Records)

    Public Records

    $355,000

    Price

  • November, 2004

  • Nov 9, 2004

    Date

    Sold (Public Records)

    Public Records

    $390,000

    Price

Show More

Tax History for 1009 E 29Th St

Assessed Value (2020): $407,711
Year Land Value Improved Value Assessed Value
2020 $200,984 $206,727 $407,711

Home Value Compared to the Market

This property vs the competition

1009 E 29Th St sold on July 29, 2022 for 37.36% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $284.19 per/sqft which puts the price per square foot 64.07% lower than the current median sale per square foot for the city of Los Angeles.

About 1009 E 29Th St

Detailed summary of property

1009 E 29Th St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 2,808 living square feet, and sits on an approximately 7,739 square foot lot. 1009 E 29Th St was first listed on ArdentRealEstateGroup.com on May 2, 2022. The homeowner sold the property for $790,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.36% lower than the current median priced home. Local homes that are currently for sale include 4427 Lima St, 4918 Wadsworth Ave and 488 E 47Th St. While the average home in Los Angeles, CA is selling in 100 days, 1009 E 29Th St has a days on market of 11 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1009 E 29Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1009 E 29Th St

Public county record property details
Beds
5
Baths
5
Year built
1923
Sq. Ft.
2,808
Lot Size
7,739
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
224
APN
5128-022-025

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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