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1477 W 29Th St Los Angeles, CA 90007

$1,065,000 Sold Price as of 05/05/2021

7 Beds
4 Baths
2,368 Sq.Ft.

Sold

$1,065,000 Sold Price as of 05/05/2021 Refinance Your Mortgage

Map preview of 1477 W 29Th St, Los Angeles, CA 90007

Property Overview: 1477 W 29Th St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,368 living square feet and 5,626 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale this fully vacant Student Housing/ Co-living investment opportunity located at 1477 W. 29th Street, blocks away from the USC campus and Village. The investment is comprised of a 6-Bedroom + 3-Bathroom Single Family Residence + a legal permitted 1-Bedroom + 1-Bathroom ADU. This building was constructed of wood frame and stucco on a raised foundation built in 1907, with a square footage of approximately 2,500 on a 5,628-square foot lot.

Listed by Davis Saadian | BRE #01921748 | BRC Advisors- BH

Last checked: 11 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 75

Home details

Lot Sq. Ft: 5,626
HOA Dues: $0/mo
Year built: 1907
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21690690
City: Los Angeles
County: Los Angeles
Time on Site: 1196 days

Multi-Family Unit Breakdown

Unit Mix Summary

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

Unit Breakdown 1

# of Units: 1
# of Beds: 6
# of Baths: 3
Furnishing: Unfurnished
Actual Rent: $6,300
Total Rent: $6,300
Pro Forma/Market Rent: $6,300

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,300

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 12
Gross Scheduled Income: --
Net Operating Income: $65,951
Gross Operating Income: $89,376

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1477 W 29Th St

Interior Features

Room Information

Flooring: Tile, Wood

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Assigned

Property Information

Total # of Units: 2
Parcel Number: 5054034014

Location / Neighborhood

Location Information

Directions: 1477 W. 29TH STREET, LA 90007

View more facts & features

Local Los Angeles Agent

Sale History for 1477 W 29Th St

Last sold for $1,065,000 on May 5th, 2021

August, 2023
Aug 24, 2023

Date

Canceled

CRMLS: 23295217

$1,650,000

Price
Aug 10, 2023

Date

Active

CRMLS: 23295217

$1,650,000

Price
Listing provided courtesy of CRMLS

This is an investment property for student housing, located in the desirable USC DEPT & SAFETY PATROL ZONE. Walkable distance to USC campus and Village. Victorian - style boarding house consisting of 6 bedrooms with 3 baths, and back unit is a studio ADU. Alley access for parking. Fully gated property. Updated in 2021 inside and outside. Remodeled kitchen with spacious bedrooms with ceiling fans. 2023~2024 Fully booked. Additional monthly income from parking $ 300~ $ 400. Excellent cash-flow Student Housing investment!

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May, 2021
May 5, 2021

Date

Sold

CRMLS: 21690690

$1,065,000

Price
Apr 24, 2021

Date

Active Under Contract

CRMLS: 21690690

$1,100,000

Price
Feb 8, 2021

Date

Active

CRMLS: 21690690

$1,100,000

Price
February, 2021
Feb 1, 2021

Date

Price Change

CRMLS: 21682048

$6,495

Price
Jan 19, 2021

Date

Active

CRMLS: 21682048

$6,750

Price
Listing provided courtesy of CRMLS

Elegant House and Guest House with Hardwood Floors, 7 bedroom, 4 bathroom total. House is 6/3, Legal Guest House is 1/1. Ideal for student housing, transitional housing, short term insurance housing. 3 blocks from USC Campus and USC Village. 5 minute drive to Staples Center, LA LIVE. Inside USC Security Zone. Available 3/1/2021. Tenant pays Utilities. Next day, easy to show. PLEASE DO NOT DISTURB TENANTS!

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August, 2019
Aug 7, 2019

Date

Expired

CRMLS: 19463086

$6,295

Price
May 6, 2019

Date

Active

CRMLS: 19463086

$6,295

Price
Listing provided courtesy of CRMLS

Highly Desirable Clean Single Family House 5 minute walk to USC Campus and USC Village; inside security zone. Primary living spaces 7 Bedrooms and 4 Baths; perfect layout for student housing. Conveniently located with easy access to freeway 10 and 110, 5 min drive to Staples Center and LA LIVE. Tenant pays utilities. Easy to show. Available August 1, 2019! PLEASE DO NOT DISTURB OCCUPANTS. Please text agent for more information and showing instructions!.

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February, 2018
Feb 1, 2018

Date

Sold (Public Records)

Public Records

$46,000

Price
November, 2017
Nov 30, 2017

Date

Sold (Public Records)

Public Records

$44,500

Price

Tax History for 1477 W 29Th St

Assessed Value (2020): $821,916

Year	Land Value	Improved Value	Assessed Value
2020	$520,200	$301,716	$821,916

Home Value Compared to the Market

This property vs the competition

1477 W 29Th St sold on May 5, 2021 for 7.56% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $464.53 per/sqft which puts the price per square foot 38.47% lower than the current median sale per square foot for the city of Los Angeles.

About 1477 W 29Th St

Detailed summary of property

1477 W 29Th St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,368 living square feet, and sits on an approximately 5,626 square foot lot. 1477 W 29Th St was first listed on ArdentRealEstateGroup.com on February 9, 2021. The homeowner sold the property for $1,065,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.56% lower than the current median priced home. Local homes that are currently for sale include 1744 W 23rd St, 1492 W 35th Pl and 1256 W 22nd St. While the average home in Los Angeles, CA is selling in 92 days, 1477 W 29Th St has a days on market of 75 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1477 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 1477 W 29Th St

Public county record property details

Beds: 5
Baths: 2
Year built: 1907
Sq. Ft.: 1,968
Lot Size: 5,626
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 25
APN: 5054-034-014

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

$1,198,999

Median List Price/Sq.Ft.

$616

Median Sold Price

$710,000

Median Sold Price/Sq.Ft.

$645

Total Inventory

Median Sale to List Price %

94.79%

Avg Days on Market

Loan Type

Conventional (0%), 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.