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1179 W 29Th St Los Angeles, CA 90007

$3,200,000 Sold Price as of 11/01/2022

13 Beds
12 Baths
5,736 Sq.Ft.

Sold

$3,200,000 Sold Price as of 11/01/2022 Refinance Your Mortgage

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Map preview of 1179 W 29Th St, Los Angeles, CA 90007

Property Overview: 1179 W 29Th St Los Angeles, CA has 13 bedrooms, 12 bathrooms, 5,736 living square feet and 7,365 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 1179 W. 29th Street, LA 90007. This is an eleven (11) unit multifamily investment opportunity, fully occupied with USC Students, and located in the DPS Patrol Zone.

Listed by Davis Saadian | BRE #01921748 | Compass

Last checked: 15 minutes ago | Last updated: November 3rd, 2022 | Source CRMLS | DOM: 103

Home details

Lot Sq. Ft: 7,365
HOA Dues: $0/mo
Year built: 1921
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22178353
City: Los Angeles
County: Los Angeles
Time on Site: 701 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 11
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,500
Total Rent: $2,500
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,781
Total Rent: $2,781
Pro Forma/Market Rent: $3,000

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,100
Total Rent: $1,100
Pro Forma/Market Rent: $1,500

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,387
Total Rent: $1,387
Pro Forma/Market Rent: $1,500

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $1,500

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $1,700
Pro Forma/Market Rent: $2,000

Unit Breakdown 7

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,100
Total Rent: $1,100
Pro Forma/Market Rent: $1,500

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,500

Unit Breakdown 9

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,350
Total Rent: $1,350
Pro Forma/Market Rent: $1,500

Unit Breakdown 10

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,750

Unit Breakdown 11

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,450
Total Rent: $1,450
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14
Gross Scheduled Income: --
Net Operating Income: $163,062
Gross Operating Income: $217,416

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1179 W 29Th St

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking

Property Information

Total # of Units: 11
Parcel Number: 5055028027

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: 1179 W. 29th Street

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Local Los Angeles Agent

Sale History for 1179 W 29Th St

Last sold for $3,200,000 on November 1st, 2022

November, 2022
Nov 1, 2022

Date

Sold

CRMLS: 22178353

$3,200,000

Price
Jul 13, 2022

Date

Active

CRMLS: 22178353

$5,100,000

Price
September, 2004
Sep 29, 2004

Date

Sold (Public Records)

Public Records

--

Price
October, 1998
Oct 5, 1998

Date

Sold (Public Records)

Public Records

$285,000

Price

Tax History for 1179 W 29Th St

Assessed Value (2020): $410,518

Year	Land Value	Improved Value	Assessed Value
2020	$200,681	$209,837	$410,518

Home Value Compared to the Market

This property vs the competition

1179 W 29Th St sold on November 1, 2022 for 209.73% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $610.18 per/sqft which puts the price per square foot 19.07% lower than the current median sale per square foot for the city of Los Angeles.

About 1179 W 29Th St

Detailed summary of property

1179 W 29Th St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 5,736 living square feet, and sits on an approximately 7,365 square foot lot. 1179 W 29Th St was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $3,200,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 209.73% higher than the current median priced home. Local homes that are currently for sale include 2951 Francis Ave, 1511 S Manhattan Pl and 756 S New Hampshire Ave. While the average home in Los Angeles, CA is selling in 98 days, 1179 W 29Th St has a days on market of 103 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1179 W 29Th St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1179 W 29Th St

Public county record property details

Beds: 11
Baths: 9
Year built: 1921
Sq. Ft.: 5,736
Lot Size: 7,469
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 75,76
APN: 5055-028-027

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,350,000

Median List Price/Sq.Ft.

$501

Median Sold Price

$1,000,000

Median Sold Price/Sq.Ft.

$410

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.