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$4,940,000
Est. payment /mo
3 Beds
2 Baths
7,742 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26084832
Bedrooms 3
Lot Size 7,742 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present 1009 E 29th St, a newly constructed 19-unit multifamily asset located in a central Los Angeles submarket with convenient access to Downtown Los Angeles and surrounding employment centers. ***The property is nearing Certificate of Occupancy and will be delivered 100% vacant, providing investors with full operational control and the ability to implement a customized lease-up strategy from inception. >>The asset offers a more manageable scale relative to larger developments, allowing for a more efficient lease-up and reduced execution risk. The building is fully ADA compliant, supporting a wide range of operational strategies, including workforce, voucher-based, or supportive housing.*** As new construction, the property requires no immediate capital expenditure, offering a stabilized physical plant and allowing ownership to focus on leasing and operations. The vacant delivery further enhances flexibility, eliminating tenant-related constraints and enabling immediate occupancy. << The location provides access to major transportation corridors, public transit, and a broad base of employment drivers throughout the Downtown Los Angeles area, supporting long-term rental demand. 1009 E 29th St presents an opportunity to acquire a newly delivered multifamily asset with operational flexibility, reduced near-term capital needs, and a clear path to stabilization.
Location
State CA
County Los Angeles
Zoning Builder
Direction north of Jefferson Blvd and East of San Pedro St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5128022025
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Listed by Olga Wright, DRE#01315042 Lyon Stahl Investment Real Estate, Inc.
Nearby School & Business
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