130 E 29th Street

4-Townhomes Built in 2020 in Central Los Angeles Location: Rare opportunity to purchase 4-townhomes built in 2020 located approximately 1 mile to both Downtown LA and USC

Excellent Metrics for New Construction: Low price per foot ($336.39/ft), 6.13% cap rate/ 12.22 GRM on current rents

Favorable Unit Mix: Property features a favorable unit mix of (2) four-bedroom/three-bathroom and (2) four-bedroom/four-bathroom large townhome-style units with an average size of 1,635 sf

Unit Features: Units feature balconies, central heat and air-conditioning, recessed lighting, luxury laminate flooring, and kitchens with white shaker cabinets, modern subway tiles and appliance packages

Excellent Rental Units for Large Families/Co-Living Tenants: Units are excellent for large families or co-living tenants as they are spread over three floors and feature massive kitchen/living areas with open floor plans, en-suite bathrooms for three of the four bedrooms, private garages and laundry rooms

Walk Score 78/Bike Score 90: Property has Walk Score of 78 (very walkable) and a Bike Score of 90 (biker’s paradise) as it is approximately 1-mile from Downtown Los Angeles allowing easy access to grocery stores, entertainment, retail and some of the most popular restaurants and nightlife options in the city

Proximity to 110/10 Freeways and Public Transportation: Conveniently located near the 110 and 10 freeways and just a 0.8 mile walk to the Jefferson/USC Metro E Station providing easy westbound access to Culver City, West LA and Santa Monica and northbound access to Downtown LA and beyond

Property Description

Marcus & Millichap is pleased to present 130 E. 29^th Street, 4-townhome style units (two-duplexes) constructed in 2020, located just south of Downtown Los Angeles.  The property has an excellent unit mix consisting of (2) four-bedroom/three-bathroom units and (2) four-bedroom/four-bathroom large townhome units (average size of 1,635 sf).  Units feature balconies, central heat and air-conditioning, recessed lighting, luxury laminate flooring and kitchens with white shaker cabinets, modern subway tiles and modern appliance packages.  The units are excellent for large families or co-living tenants as they are spread over three floors and feature massive kitchen/living areas with open floor plans, en-suite bathrooms for three of the four bedrooms, private garages and laundry rooms.  The two buildings on the property consist of a total of 6,540 square feet and sits on a 6,250 square foot lot that is LARD1.5 zoned and in an opportunity zone. 130 E. 29^th Street has a Walk Score of 78 (very walkable) and a Bike Score of 90 (biker’s paradise).  The property is approximately 1-mile from Downtown Los Angeles allowing easy access to grocery stores, entertainment, retail and some of the most popular restaurants and nightlife options in the city.  The property is also just under 1-mile from the University of Southern California (USC) offering a viable housing option for its students and employees.  The property is conveniently located near the 110 and 10 freeways and just a 0.8 mile walk to the Jefferson/USC Metro E Station providing easy westbound access to Culver City, West LA and Santa Monica and northbound access to Downtown LA and beyond.