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    459 E 29th St

    Los Angeles, CA 90011
    • $1,050,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 21-776666
    UPDATED: 76 min ago
    $1,050,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,442
      SQFT
    • $305
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Buyer may engage in conversations regarding Buyouts with Tenants in Escrow. High upside in rent. The subject property comprises of three duplexes totaling 6 units. The two side duplexes each have 1 bed/1bath units, and a structure in the back comprising of two units, each of them being 2 bed/1 baths. There is approximately 56% upside in the rent and less than $200K/door, presenting an investor with tremendous upside value over time.The subject property is located in the Historic South-Central neighborhood of Los Angeles, close to the University of Southern California and the Fashion District.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T09:42:33.457. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/120798002
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    459 E 29th St Los Angeles, CA 90011

    • Price: $1,050,000
    • Status: Active
    • Updated: 76 min ago
    • MLS #: 21-776666
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,442
    SQFT
    $305
    $/SQFT
    1925
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Buyer may engage in conversations regarding Buyouts with Tenants in Escrow. High upside in rent. The subject property comprises of three duplexes totaling 6 units. The two side duplexes each have 1 bed/1bath units, and a structure in the back comprising of two units, each of them being 2 bed/1 baths. There is approximately 56% upside in the rent and less than $200K/door, presenting an investor with tremendous upside value over time.The subject property is located in the Historic South-Central neighborhood of Los Angeles, close to the University of Southern California and the Fashion District.
    Exterior Features

    Direction Faces North Lot Size Area 6242 Other Structures None Parking Garage None Pool Description None Pool YN No Roof FlatShingle Spa None Spa YN No Sprinklers None Style Cottage Tennis Court None Total Parking 0 View Description None View YN No

    Interior Features

    Baths Total 8.00 Cooking Appliances Oven-Gas Cooling None Equipment WasherRefrigeratorRange/OvenFreezerGarbage Disposal Fireplace Rooms None Flooring Carpet Heating None Laundry None Water Heater Features Gas

    Property Features

    Assessed Total Value 659359 Gross Income 5859 Gross Operating Income 70354 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 48179.00 Number Of Buildings 5 Number Of Units 6 Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Other Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 22175 Type Of Units 1/1 And 2/1 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Oron Maher DRE# of Maher Commercial Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-24T09:42:33.457. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253