Master on Main
Address
1560 W 29th Street Los Angeles, CA
Price
$ 920,000
Property Attributes
  • MLS#PW20167015
  • TypeSingle Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90007
  • Style
  • Price$ 920,000
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1800
  • Lot Size4,400 SqFt
Listing Provided Courtesy Of:
Daniel Lewin with Dan Lewin, Broker.
Property Description

We are pleased to present 1560 West 29th Street - a renovated 6 Bed/3 Bath House located 0.6 Miles from the world-famous University of Southern California and 2.5 Miles from Downtown LA. The property is fully occupied by USC students who have confirmed their intention to continue living there despite USC temporarily switching to remote learning. The tenants are currently paying $5,630 per month making the property attractively priced at a 5.15% CAP and a 13.5 GRM at list price. The property would likely qualify for attractive residential financing as well. There is also the potential to add significant value to the property thanks to the recent passage of the ADU Law (AB-68) which allow both a junior ADU studio and a full sized 4 Bed ADU to be built on the property in the rear. Completion of the ADU project would generate an expected $500,000 in profit above costs (estimated, buyer to verify and do own due diligence).

Price History
8/17/2020 Listed $920,000

General Features

Assessments Unknown
Assessments Y/N Yes
Attached Structure Detached
Community Features Curbs, Sidewalks, Street Lights
Cooling None
Directions W 29th St & S Budlong Ave
Garage Spaces 0.00
HOA Fee 0.00
High School District Los Angeles Unified
Levels One
Listagentaor Pacific West
Listing Agent Daniel Lewin - BRE#01932742
Listing Agent State License 01932742
MLS Area C16 - Mid Los Angeles
Pool Features None
Price Per Square Foot 511.11
Property SubType Single Family Residence
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
View None
Zoning LARD2

Interior Features

Common Walls No Common Walls
Fireplace Features Living Room
Fireplace Y/N Yes
Full + 3/4 Baths 3
Full Baths 3
Laundry Features None
Main Level Bathrooms 3
Main Level Bedrooms 6
Room Type All Bedrooms Down
Total Stories 1

Exterior Features

Lot Features Yard
Lot Size Acres 0.1010
Lot Size Area 4400.0000
Lot Size Source Assessor
Lot Size Square Feet 4400.00
Lot Size Units Square Feet
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90007

Price
AVG $850K
$920K
Visits
AVG 66
156
Year Built
AVG 1911
1910

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