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1477 W 29th Street

Los Angeles, CA 90007
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Bed 7

Bed

Bath 4

Bath

SqFt2,328

Sqft

SqFt5,628

Sqft(Lot)

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-bedr oom + 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,095,000

AD Id : 89293228

MLS Id : 26833429

Beds : 7

Lot Size : 5,628 Sqft

Living Area Size : 2,328

Year Built : 1907

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 4
  • Interior Features

    CeilingFans
    Appliances: Microwave, Refrigerator, Dryer, Washer
    Laundry Features: Inside
  • Heating & Cooling

    Has Heating: Yes Heating: Central

  • Building Information

    Year Built: 1907
    Building Area Total: 2328
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Dimensions: 45x125 Main Square Feet: 5628 Lot Size Acres: 0.1292 Lot Size Square Feet: 5,628

  • Listing Price Information

    Listing Price: $1095000

  • Tax Information

    Parcel Number: 5054034014

  • Location Information

    Direction: 1477 W. 29th Street | Los Angeles, CA 90007
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
225 W Adams Boulevard, Los Angeles, CA, 90007 $1,775,000 -- 16 8,540 8,540 SqFt
1943 Estrella Avenue, Los Angeles, CA, 90007 $1,350,000 8 4 5,458 5,458 SqFt
1011 W 20th, Los Angeles, CA, 90007 $1,350,000 7 4 2,511 2,511 SqFt
2127 Portland Street, Los Angeles, CA, 90007 $1,600,000 11 11 3,715 3,715 SqFt
1017 W 24th Street, Los Angeles, CA, 90007 $1,220,000 4 -- 3,104 3,104 SqFt
721 W 30th Street, Los Angeles, CA, 90007 $7,100,000 25 -- 12,928 12,928 SqFt
1276 W 22nd St, Los Angeles, CA, 90007 $1,290,000 -- -- --
1213 W 24th, Los Angeles, CA, 90007 $2,138,000 -- -- 3,167 3,167 SqFt
1236 W 24th, Los Angeles, CA, 90007 $899,000 7 4 1,850 1,850 SqFt
1237 W 25th Street, Los Angeles, CA, 90007 $2,950,000 19 -- 6,500 6,500 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/11/2026 @ 11:43

MLS: 26833429 LISTED BY: Davis Saadian, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

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