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Image 1 - 1159;1161 West 29th Street, Los Angeles, CA 90007, USA - Townhouse for sale

Image 2 - 1159;1161 West 29th Street, Los Angeles, CA 90007, USA - Townhouse for sale

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Residential Income

1159;1161 West 29th Street, Los Angeles, CA 90007, USA

Residential Income

townhouse for sale

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Listed: 02/13/23

1159;1161 West 29th Street, Los Angeles, CA 90007, USA

Studio Bed:

1 Bath:

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Price

$ 4,9M

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About This Townhouse

We are pleased to present the opportunity to acquire The 29TH Street Portfolio, an eleven (11) building, 110-Bedroom, Student Housing Portfolio, located in the highly desirable DPS Patrol Zone, and walking distance to the University of Southern California (USC).Consisting of 11 separate structures, The 29TH Street Portfolio provides investors the opportunity to acquire a sizable presence in one of the most desirable infill student housing markets in the United States. Additionally, while the properties have been well maintained under current ownership, they are well suited for common area upgrades and interior unit remodeling/ updates that will further increase cashflow and returns. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents … Full description

Property Includes

Student Friendly

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Exposition Park Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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