Skip To Content
    Return to Previous Page

    1560 W 29th Street

    Los Angeles (City), CA 90007
    • $920,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: PW20167015
    UPDATED: 60 min ago
    $920,000
    • 6
      BEDS
    • 0.1
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,800
      SQFT
    • $511
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    Description

    We are pleased to present 1560 West 29th Street - a renovated 6 Bed/3 Bath House located 0.6 Miles from the world-famous University of Southern California and 2.5 Miles from Downtown LA.The property is fully occupied by USC students who have confirmed their intention to continue living there despite USC temporarily switching to remote learning. The tenants are currently paying $5,630 per month making the property attractively priced at a 5.15% CAP and a 13.5 GRM at list price. The property would likely qualify for attractive residential financing as well.There is also the potential to add significant value to the property thanks to the recent passage of the ADU Law (AB-68) which allow both a junior ADU studio and a full sized 4 Bed ADU to be built on the property in the rear. Completion of the ADU project would generate an expected $500,000 in profit above costs (estimated, buyer to verify and do own due diligence).

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-22T11:27:57.087. 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 deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.

    www.naylorproperties.com/homes/109093878
    Print Image

    1560 W 29th Street Los Angeles (City), CA 90007

    • Price: $920,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: PW20167015
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.1
    Acres
    1,800
    SQFT
    $511
    $/SQFT
    1910
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    School District:
    Los Angeles Unified
    Property Description
    We are pleased to present 1560 West 29th Street - a renovated 6 Bed/3 Bath House located 0.6 Miles from the world-famous University of Southern California and 2.5 Miles from Downtown LA.The property is fully occupied by USC students who have confirmed their intention to continue living there despite USC temporarily switching to remote learning. The tenants are currently paying $5,630 per month making the property attractively priced at a 5.15% CAP and a 13.5 GRM at list price. The property would likely qualify for attractive residential financing as well.There is also the potential to add significant value to the property thanks to the recent passage of the ADU Law (AB-68) which allow both a junior ADU studio and a full sized 4 Bed ADU to be built on the property in the rear. Completion of the ADU project would generate an expected $500,000 in profit above costs (estimated, buyer to verify and do own due diligence).
    Exterior Features

    Garage Spaces 0.00 Lot Features Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Structure Type House View None View YN No

    Interior Features

    Bathrooms Full 3 Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Laundry Features None Levels One Main Level Bathrooms 3 Main Level Bedrooms 6 Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features CurbsSidewalksStreet Lights Country Us Elevation Units Feet Land Lease YN No Laundry YN No Lease Considered YN No Living Area Units Square Feet New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Year Built Source Public Records Zoning Lard2

    Listing provided courtesy of Daniel Lewin of Dan Lewin, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-22T11:27:57.087. 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 deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364664141-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364664141-1.jpg
    Logo
    Accardo Real Estate Associates | Compass
    1820 S. Elena Ave. Ste. H
    Redondo Beach CA, 90064