1232 W 29th St
Los Angeles, CA 90007
West Adams
HIGHLIGHTS
- Value-Add USC Student Housing Asset — 20 units / 27 bedrooms with multiple vacancies and below-market rents, offering immediate mark-to-market and ren
- Attractive Entry Basis vs. Recent Sales — Offered at ~$237K/unit, well below recent USC-area trades
- Day-One Upside Through Vacant Units — Several vacant units allow new ownership to renovate, re-tenant, and reset rents
- Abundant Onsite Parking Available for Students
- Softstory Retrofit Has Been Completed
OVERVIEW
We are pleased to present The Dunes, a stabilized 20-unit / 27-bedroom student housing asset located in one of USC’s most established off-campus pockets. The property offers an incredible near-campus location, completed soft-story retrofit, and clear value-add potential through interior upgrades and student-focused repositioning.
FOR SALE DETAILS
PRICE
$4,750,000 USD
PRICE/SF
$372 USD /SF
# OF UNITS
20
PRICE/UNIT
$237,500
CAP RATE
5.81%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Dunes
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1962
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.31 AC
LAND SF
13,700 SF
ZONING
LAR3
APN/PARCEL ID
5055-030-015
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
323-405-2310
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
323-405-2310
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
