1497 W 29th St

Los Angeles CA 90007

3040 sq. ft.

5625 sq. ft.

Other

Last sold for $1,340,000

Michael Pesci, last sold this property on 02 October 2025 after 64 days on market.

Overview

Presenting a prime investment opportunity in one of Los Angeles' most consistently high-demand rental markets, 1497 W 29th Street offers exceptional upside and long-term value just steps from the University of Southern California (USC). This well-maintained, income-producing 8-unit multifamily property features a desirable unit mix of six singles and one spacious 2-bedroom, 1-bathroom unit, making it an ideal acquisition for both seasoned and first-time investors.Set on a prominent corner lot, this gated complex offers a secure environment for tenants with modern security enhancements including a fully fenced perimeter, key-controlled entry, and strategically placed security cameras. Tenants also enjoy the convenience of on-site laundry, gated on-site parking, and a newly upgraded 100-gallon water heater to ensure comfort and functionality. The property is master-metered for gas and electric, offering operational simplicity and cost-effective management.This turnkey property boasts major system upgrades, including a newer roof, updated copper plumbing, and fully upgraded electrical systems. These enhancements significantly reduce future maintenance costs and provide peace of mind for ownership. The newly paved and gated parking lot adds curb appeal and additional tenant convenience, further enhancing the property's marketability.Location is everythingand 1497 W 29th St delivers. Situated within the USC DPS Patrol and Response Area, this asset is particularly appealing to student renters and parents seeking added safety. It's only minutes from the I-10 and I-110 freeways, offering easy access to Downtown LA, Koreatown, and other major employment and entertainment hubs. With consistent demand from students, faculty, and working professionals, this asset presents a strong rental upside in a neighborhood known for high occupancy rates and appreciation potential. 1497 W 29th St is more than just a property it's a strategic investment in the heart of Los Angeles. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Features

8 bedrooms

8 bathrooms

4 carspaces

3040 sq. ft. floor area

5625 sq. ft. lot size

Other

Estimated Value

Based on this property and similar 8 bedroom other properties sold in Los Angeles over the last 12 months, the estimated median property value of 1497 W 29th St is $1.3m.

Median value

$1.3m

Estimated value range

$982.5k - $1.34m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1497 W 29th St

2025

Sold

$1,340,000

02 Oct 2025 by Michael Pesci, of Keller Williams Studio City

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.