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$5,000,000

Beds
16
sq ft
6,422

1150 W 29th St, Los Angeles, CA 90007

1150 W 29th St

Los Angeles, CA 90007

  • 28 days on market
*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Introducing The Pointe, a fantastic investment opportunity located at 1150 W 29th St., offering prime student housing in the heart of North University Park, just a short walk from the University of Southern California (USC) campus. This 6,422 sq. ft. building sits on a 6,840 sq. ft. lot and features 16 units, including 15 studio apartments and one 1-bedroom unit, all fully occupied by USC students. Renovated in 2005 and meticulously cared for since, The Pointe offers a well-maintained, turnkey property with an on-site laundry facility and a total of 10 parking spaces, including 4 tandem tuck-under parking spaces in the front and 6 tuck-under spaces in the rear.The property's prime location provides easy access to USC campus and USC Village, making it a highly desirable residence for students. With its close proximity to the USC campus, The Pointe enjoys a high demand for leasing, ensuring minimal vacancy and steady rental income. The building is owned and operated by CDI Management and is fully occupied by USC students. This is an exceptional opportunity for investors seeking a low-maintenance, fully occupied property in one of Los Angeles' most dynamic neighborhoods. Don't miss your chance to invest in this prime piece of student housing real estate with excellent potential for continued growth.

Details

Property type

Lot size

6,840 sq ft

Price per sq ft

$779

Year built

1962

HOA

No

Price History

02/27/2025
CLAW

CLAW #25504093

Listed
$5,000,000

Schools & Community

Neighborhood: 

University Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 03/31/2025 at 7:25 AM

Listing updated: 03/07/2025 at 5:35 AM

Listed by: Michael R. Fukushima, Keller Williams Realty Downey Phone #: (562) 334-1500

MLS: CLAW #25504093

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