1009 E 29th St - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$5,450,000 USD
310-801-7373
1009 E 29th St, Los Angeles, CA for Sale
$5,450,000 USD
Apartments - FOR SALE
1/19
null | 6.95% Cap Rate

1009 E 29th St
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • Brand new construction (2026 delivery) with no deferred maintenance or capital expenditure needs
  • Certificate of Occupancy imminent, allowing for immediate occupancy and lease-up
  • 100% vacant with no tenant relocation requirements or regulatory hurdles
  • Fully ADA compliant, ideal for supportive housing and special needs populations
  • Turnkey asset ready for immediate program deployment and resident placement
  • Well-suited for Project-Based Vouchers (PBV), Section 8, and other housing programs

OVERVIEW

1009 E 29th St presents a rare opportunity to acquire a newly constructed, fully ADA-compliant 19-unit multifamily property in Los Angeles, with Certificate of Occupancy expected within weeks. Delivered 100% vacant, the property offers immediate lease-up potential without tenant relocation, construction risk, or deferred maintenance. The building is ideally suited for affordable housing, supportive housing, bridge housing, or voucher-based programs seeking turnkey deployment. With modern construction, full ADA accessibility, and readiness for occupancy, this asset provides a unique opportunity for nonprofit developers, housing authorities, and service providers to rapidly place residents and stabilize operations.

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$528 USD /SF

# OF UNITS

19

PRICE/UNIT

$286,842

CAP RATE

6.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New Construction 19 Units Los Angeles

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,325 SF

ZONING

LAR3

APN/PARCEL ID

5128-022-025

ASK ABOUT THIS PROPERTY

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.