1477 W 29th St, Los Angeles, CA 90007
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1477 W 29th St, Los Angeles, CA 90007
1477 W 29th St, Los Angeles, CA 90007
1477 W 29th St, Los Angeles, CA 90007
1477 W 29th St, Los Angeles, CA 90007
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 1,095,000
Est. payment /mo
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1477 W 29th St Los Angeles, CA 90007

7 Beds

4 Baths

2,328 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,328 sqft

Price per Sqft $470

MLS Listing ID 26833429

Style Craftsman

Bedrooms 7

Construction Status Updated/Remodeled

Year Built 1907

Lot Size 5,628 Sqft

Acres 0.1292

Property Sub-Type Multi-Family

Property Description

We are pleased to present the opportunity to acquire 1477 W. 29th Street, a fully renovated duplex student housing investment located in the highly coveted West of Campus neighborhood within the USC DPS Patrol Zone. Situated just blocks from the University of Southern California, the property benefits from one of the strongest student housing rental markets in Los Angeles, consistently achieving premium rents, full occupancy, and strong year-round tenant demand. The property is currently 100% occupied by USC students and fully leased, generating approximately $7,500 per month. With a proven operational history, parental guarantees, and strong in-place cash flow, the asset offers investors immediate yield and stable income from day one. The property consists of a beautifully upgraded 6-bedroom + 3-bathroom craftsman single family residence originally built in 1907, along with a detached studio ADU, totaling approximately 2,328 rentable square feet situated on a 5,626 square foot lot. Both units have undergone extensive renovations featuring modern, high-end finishes throughout, including hardwood flooring, updated countertops, stainless steel appliances, tile showers with glass enclosures, in-unit washer and dryers, furnished bedrooms, updated kitchens and bathrooms, recessed lighting, and contemporary fixtures. The property also features gated access, and a large outdoor area, all highly desirable amenities for the USC student demographic. Operationally, the asset is highly efficient, with tenants responsible for all utilities; gas, water, trash and electricity, helping minimize landlord expenses and maximize net operating income. Offered at approximately a 6.5% cap rate and 12x GRM, the asset represents a rare plug-and-play investment opportunity combining strong in-place cash flow, and long-term appreciation potential in one of Los Angeles' most resilient and supply-constrained rental submarkets.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Ceiling Fan

Equipment Range/Oven, Refrigerator, Washer, Dryer, Other, Freezer, Microwave, Ceiling Fan

Laundry Inside, In Unit

Exterior

Parking Features Gated, Other

Building

Story 2

Architectural Style Craftsman

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Hollywood Hills

NEARBY SCHOOL & BUSINESS

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1477 W 29th St

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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