$920,000 1560 W 29th Street Los Angeles, CA

MLS: PW20167015   Type: Single Family   County: Los Angeles   City: Los Angeles   Area: Mid Los Angeles   Zip: 90007     Stories: 1

Mortgage $4,319 /mo



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We are pleased to present 1560 West 29th Street - a renovated 6 Bed/3 Bath House located 0.6 Miles from the world-famous University of Southern California and 2.5 Miles from Downtown LA. The property is fully occupied by USC students who have confirmed their intention to continue living there despite USC temporarily switching to remote learning. The tenants are currently paying $5,630 per month making the property attractively priced at a 5.15% CAP and a 13.5 GRM at list price. The property would likely qualify for attractive residential financing as well. There is also the potential to add significant value to the property thanks to the recent passage of the ADU Law (AB-68) which allow both a junior ADU studio and a full sized 4 Bed ADU to be built on the property in the rear. Completion of the ADU project would generate an expected $500,000 in profit above costs (estimated, buyer to verify and do own due diligence).

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Price History

8/17/2020 Listed $920,000

Assessments Unknown
Assessments Y/N Yes
Association Y/N No
Attached Structure Detached
Community Features Curbs, Sidewalks, Street Lights
Cooling None
Directions W 29th St & S Budlong Ave
Garage Spaces 0.00
HOA Fee 0.00
High School District Los Angeles Unified
Lease Considered Y/N No
Levels One
Listagentaor Pacific West
Listing Agent Daniel Lewin - BRE#01932742
Listing Agent State License 01932742
MLS Area C16 - Mid Los Angeles
Pool Features None
Price Per Square Foot 511.11
Private Pool No
Property Attached Y/N No
Property SubType Single Family Residence
Senior Community Y/N No
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
View None
Zoning LARD2

Interior Features

Air Conditioning Y/N No
Common Walls No Common Walls
Fireplace Features Living Room
Fireplace Y/N Yes
Full + 3/4 Baths 3
Full Baths 3
Laundry Features None
Laundry Y/N No
Main Level Bathrooms 3
Main Level Bedrooms 6
Room Type All Bedrooms Down
Total Stories 1

Exterior Features

Land Lease Y/N No
Lot Features Yard
Lot Size Acres 0.1010
Lot Size Area 4400.0000
Lot Size Source Assessor
Lot Size Square Feet 4400.00
Lot Size Units Square Feet
Total Parking 0.00
Water Source Public

Property Schools

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Property vs Zip Code Avg (90007)

Price 920K Avg 876K

Sqr Feet 1,800 Avg 1,265

Cost / Sqr Ft $511 Avg $693

Acres 0.101 Avg 0.12

Visits 24 Avg 16

Days on Site 34 Avg 46

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Listing Provided Courtesy Of: Daniel Lewin with Dan Lewin, Broker.

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Location & Address

J Valen RE Team

Los Angeles, CA