1200 W 29Th St Los Angeles, CA 90007

$4,200,000 Sold Price as of 03/01/2019

11 Beds
12 Baths
6,607 Sq.Ft.

Off Market

$4,200,000 Sold Price as of 03/01/2019 Refinance Your Mortgage

Map preview of 1200 W 29Th St, Los Angeles, CA 90007

Property Overview: 1200 W 29Th St Los Angeles, CA has 11 bedrooms, 12 bathrooms, 6,607 living square feet and 9,576 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1200 W 29Th St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1200 W 29Th St

Last sold for $4,200,000 on March 1st, 2019

March, 2019
Mar 1, 2019

Date

Sold (Public Records)

Public Records

$4,200,000

Price
December, 2018
Dec 16, 2018

Date

Expired

CRMLS: 18355222

$5,200,000

Price
Jul 23, 2018

Date

Withdrawn

CRMLS: 18355222

$5,200,000

Price
Jun 15, 2018

Date

Active

CRMLS: 18355222

$5,200,000

Price
Listing provided courtesy of CRMLS

We are pleased to offer for sale this nineteen (19) bedroom student housing investment opportunity located at 1200 W. 29th Street, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1898 with a square footage of 6,607 on a 9,576-square foot lot. The subject property represents a very desirable asset in the supply-constrained USC submarket, and has been reinforced and upgraded in compliance with the latest city codes and regulations.The property consists of four (4) townhouses with a remarkable unit mix, comprised of one (1) 5+2.5, one (1) 6+3.5, and two (2) 4+lofts+3.5 units. The investment boasts spacious floor plans, an on-site laundry room for additional income, ten (10) on-site parking spaces, new copper plumbing, recently painted, and individually metered for gas and electricity.

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June, 2018
Jun 12, 2018

Date

Expired

CRMLS: 18322836

$5,295,000

Price
Jun 8, 2018

Date

Withdrawn

CRMLS: 18322836

$5,295,000

Price
May 31, 2018

Date

Active

CRMLS: 18322836

$5,295,000

Price
May 30, 2018

Date

Hold

CRMLS: 18322836

$5,295,000

Price
Apr 26, 2018

Date

Price Change

CRMLS: 18322836

$5,295,000

Price
Mar 14, 2018

Date

Active

CRMLS: 18322836

$5,795,000

Price
Listing provided courtesy of CRMLS

Prime University of Southern Cal Student Housing - 19 Bedrooms + 2 Lofts / 13 Total Bathrooms - Front Two Units Built in 1898 / Back Units Built in 2002 - 4.33% Cap Rate / 15.53 GRM on Current Rents - $305,000 Price Per Bedroom - Brand New Roof, Copper Plumbing, HVAC Units - Rental Upside Potential of Over 29% - 20 Parking Spaces Available On Site - Tenants Pay 50% of House Cleaning Cost - Tenants Pay 50% of Water and Sewage Cost - Short Walk to USC Village and Campus - Premier Location for USC Student to Live

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April, 2018
Apr 20, 2018

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1200 W 29Th St

Assessed Value (2020): $4,284,000

Year	Land Value	Improved Value	Assessed Value
2020	$3,060,000	$1,224,000	$4,284,000

About 1200 W 29Th St

Detailed summary of property

1200 W 29Th St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90007 and last sold on March 1, 2019 for $4,200,000. This property has 11 bedrooms, 12 bathrooms, roughly 6,607 living square feet, and sits on an approximately 9,576 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 275% higher than the current median priced home. 1200 W 29Th St was last sold on March 1, 2019 for $4,200,000. Local nearby listings include 1051 W 18th St, 1708 S Union Ave and 1750 Orchard Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1200 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 1200 W 29Th St

Public county record property details

Beds: 11
Baths: 12
Year built: 1898
Sq. Ft.: 6,607
Lot Size: 9,576
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 34,35
APN: 5055-030-019

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

$1,495,000

Median List Price/Sq.Ft.

$610

Median Sold Price

$1,025,000

Median Sold Price/Sq.Ft.

$777

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

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

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