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

$2,995,000
  • 20 Beds
  • 20.5 Baths
  • 7,918 Sq.Ft.
For Sale
$2,995,000 Get Pre-Qualified
Map preview of 212 E 29Th St, Los Angeles, CA 90011

Property Overview: 212 E 29Th St Los Angeles, CA has 20 bedrooms, 20.5 bathrooms, 7,918 living square feet and 6,252 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 212 E 29th St is an OPPORTUNITY ZONE 3-story, townhome-style new construction 5-unit (4 + 1 ADU) located minutes from Exposition Park and moments from the USC campus! With an ideal location that attracts both master lease and individual renters (USC students especially!), we project an outstanding 6.23% cap rate once stabilized! This upscale property is made up of ALL expansive 4-bedroom units! With tons of balconies, ideal parking (9 spaces, 7 in garages and 2 exterior spaces), luxury finishes, and large floorplans, these units will be the #1 choice for high paying USC students, recent graduates, master lease companies, and more! Every box is checked! 212 E 29th St is situated just minutes from Exposition Park, a 160-acre urban park that houses the California Science Center, the BMO Stadium, the Los Angeles Memorial Coliseum, EXPO Center, the California African American Museum, the Natural History Museum, the Rose Garden and the Dr. Theodore T. Alexander Jr. Science Center Charter School. Plus it’s minutes from the countless local hotspots and conveniences in the area, including the USC Village, DTLA Arts District, and major employment hubs. Thanks to the excellent location, this will be an extremely easy to manage, high cash flow property. Enjoy no rent control, OZ benefits, separate meters for all utilities and a 1-year builder’s warranty! In addition to being a magnet for standard renters, we are already seeing incredible response from “master leasing” companies who want to rent the whole building at a premium.

Listed by Elizabeth Maddox | BRE #01921425 | Myunits.com Inc.
Co-listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 15 minutes ago | Last updated: May 21st, 2024 | Source CRMLS | DOM: 1
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Home details

Lot Sq. Ft
6,252
HOA Dues
$0/mo
Year built
2024
Garage
7 Car
Property Type:
Fourplex
Status
Active
MLS#
BB24097509
City
Los Angeles
County
Los Angeles
Time on Site
1 day
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 5
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.23%
  • Gross Rent Multiplier: 12.36
  • Gross Scheduled Income: $242,400
  • Net Operating Income: $186,456
  • Gross Operating Income: $232,704
Annual Expense Breakdown
  • Total Operating Expense: $46,248
  • New Taxes: $35,922
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $7,126
  • Maintenance: $2,000
  • Professional Management: $0

Open Houses for 212 E 29Th St

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Property Details for 212 E 29Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • Kitchen, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Balcony
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5128004010
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just East of the 110 freeway between Maple Ave and Main St.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 212 E 29Th St

Last sold for $700,000 on August 23rd, 2022

  • May, 2024

  • May 20, 2024

    Date

    Active

    CRMLS: BB24097509

    $2,995,000

    Price

  • August, 2022

  • Aug 23, 2022

    Date

    Sold

    CRMLS: IV22164708

    $700,000

    Price

  • Jul 26, 2022

    Date

    Active

    CRMLS: IV22164708

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Hello, If you are looking for a Victorian style home look no further this is it, bring this home back to its original beauty. Home features 2 large bedrooms, 1 Jack and Jill bathroom, living room, spacious formal dining room and kitchen. Enjoy the large porch in front, long driveway room for four cars, fruit trees in backyard and completely fenced with automatic gate. Large lot zoned LARD1.5. Located minutes from downtown LA, USC, ARTS DISTRICT, RESTAURANTS AND SHOPPING.

  • January, 1999

  • Jan 5, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 212 E 29Th St

Assessed Value (2020): $171,999
Year Land Value Improved Value Assessed Value
2020 $107,500 $64,499 $171,999

Home Value Compared to the Market

This property vs the competition

212 E 29Th St is listed 139.6% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $378.25 per/sqft which puts the price per square foot 51.51% lower than the median price per square foot for the city of Los Angeles.

About 212 E 29Th St

Detailed summary of property

212 E 29Th St is a fourplex located in Los Angeles, CA 90011 and is currently for sale. This fourplex offers 20 bedrooms, 20.5 bathrooms, roughly 7,918 living square feet, and sits on an approximately 6,252 square foot lot. 212 E 29Th St was first listed on ArdentRealEstateGroup.com on May 20, 2024. The homeowner is currently asking $2,995,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 139.6% higher than the median priced home. Local competing homes currently for sale include 1144 Elden Ave, 1146 S Elden Ave and 2720 Brighton Ave. While the average home in Los Angeles, CA is selling in 93 days, 212 E 29Th St has a days on market of 1 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 212 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 212 E 29Th St

Public county record property details
Beds
2
Baths
1
Year built
1896
Sq. Ft.
1,041
Lot Size
6,250
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5128-004-010

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
$649,000
Median List Price/Sq.Ft.
$462
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
43
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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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