1497 W 29th St W , Los Angeles, CA 90007
$1,460,000
Est. Payment: $7,672.93/mo
1 Bed
8 Bath
3040 Sqft
0.13 Acres
Status: active | Days on site: 0
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PF10630 - P19172
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House Description

1497 W 29th Street, Los Angeles.Exceptional 8-Unit Investment Opportunity Near USCPresenting an excellent investment opportunity in one of Los Angeles' established rental markets. Located walking distance from the University of Southern California (USC), 1497 W 29th Street is an income-producing 8-unit multifamily property offering an attractive opportunity for investors seeking long-term rental income and potential appreciation.The property features a desirable unit mix of six studio units and two one-bedroom, one-bathroom units, appealing to a broad tenant base that includes USC students, university faculty, and working professionals.Situated on a prominent corner lot, this gated property offers added privacy and security with a fully fenced perimeter, controlled-access entry, and strategically positioned security cameras. Additional tenant amenities include on-site laundry facilities and gated on-site parking.The property has benefited from several improvements completed within the last few years, including a newer roof, updated copper plumbing, and upgraded electrical systems. Additional features include a paved and gated parking area and a 100-gallon water heater. The property is master-metered for gas and electricity, providing a straightforward utility arrangement for ownership and management.An Exceptional LocationLocation is a key advantage of this investment. Situated within the USC Department of Public Safety (DPS) Patrol and Response Area, the property is conveniently positioned to attract students, faculty, and other renters seeking proximity to the university.The property also offers convenient access to the I-10 and I-110 freeways, providing connections to Downtown Los Angeles, Koreatown, and other major employment, shopping, dining, and entertainment destinations.With its proximity to USC, established rental appeal, convenient amenities, and eight-unit configuration, 1497 W 29th Street presents an attractive opportunity for investors looking to own multifamily real estate in the Los Angeles market.1497 W 29th Street -- A compelling opportunity to invest in a well-located multifamily property near USC.

Highlights

Listed by Michael Peters , (818) 261-2696 Victory Financial Inc. , (818) 261-2696. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1922

County

Los Angeles

Area

C16 - Mid Los Angeles

Neighborhood

Not Applicable

Listing ID

P1-29498

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:8
Appliances:Gas Cooktop, Refrigerator
Air Cond:Ductless
Fireplaces:
Floor:Laminate
Water:Public

Exterior Features

Lot:Sprinklers In Front,Near Public Transit,Sprinkler System,Walkstreet,No Land Lease
Garage Capacity:4
Others:
  • ▪ Additional:Turnkey
Sewer:Public Sewer
Parking Features:Asphalt,On Street
Principal Interest
$7,673
Taxes
$931

Home Price

$1,460,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$292,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,672.93

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,672.93 $930.75 $0.00 $8,603.68
Yearly $92,075.14 $11,169.00 $0.00 $103,244.14
Total $2,762,254.28 $335,070.00 $0.00 $3,097,324.28

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-06T23:30:37.000Z

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