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212 E 29th St, USC Adj.

USC Adj. 2024 5-Unit

OPPORTUNITY ZONE 2024 3-story townhome-style new construction 5-unit located minutes from Exposition Park & moments from the USC Campus! With an ideal location that attracts both master lease & individual renters (USC students especially!), we project an outstanding 6.23% cap rate and $242,400 in yearly gross rent!

The Important
Details

List Price:

Property Type:

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# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

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$2,995,000

5-Unit

Pre-Market

5

2024

6.23%

12.36

$242,400/Year (Pro Forma)

7,918 sqft

6,252 sqft

$378.25

$599,000

4x 4b/4b, 1x 4b/4.5b

Yes

4 Garage Spaces, 4 Exterior Spaces

Opportunity Zone, Whopping 6.23% Cap Rate

The Highlights

  • QUALIFIED OPPORTUNITY ZONE! Major tax benefit! (consult CPA).

  • Outstanding projected cap rate of 6.23%!

  • No rent control!

  • Incredibly low price per door of $599,000.

  • MASSIVE units (7,918 livable square feet).

  • Major curb appeal! Situated on charming residential tree lined street.

  • All units separately metered for gas, electric AND water! Very low expenses!

  • Large windows everywhere you look, making each room extremely light and bright.

  • Dream 1031 exchange opportunity. Ready to close soon!

  • With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.

  • Possible master lease option for easy “set it and forget it” investment ownership!

  • Down the street 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.

The Neighborhood

<15-Minute Walk

Gilbert Lindsay Recreation Center, Cafe Calle, Bill's Taco House, Sonsonate Grill, Mother's Nutritional Center, Pizza Loca, Mi Bandera Pupusería, Harmony Elementary School, Gus Jr #1, McDonald's, Delicious at The Dunbar, KFC,

<15-Minute Drive

USC Campus, Trader Joes, Target, Rock & Reilly’s, USC Village, Study Hall, McKay’s, Greenleaf Kitchen & Cocktails, Moreton Fig, CAVA, Giardino Ristorante, The Lab Gastropub, Stout Burgers & Beers, Honeybird, Rosso Oros Pizzeria, City Tacos

<$15 Uber Ride

USC Campus, Trader Joes, Target, Rock & Reilly’s, USC Village, Study Hall, McKay’s, Greenleaf Kitchen & Cocktails, Moreton Fig, CAVA, Giardino Ristorante, The Lab Gastropub, Stout Burgers & Beers, Honeybird, Rosso Oros Pizzeria, City Tacos

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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