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1150 W 29th St, Los Angeles, CA 90007

List Price: $4,350,000On Market FlagOn market
Feb 27, 20256,422 sqft16 beds16 baths
Listed by: Michael R. Fukushima
License #: 01380445
Phone #: 818-321-6490
Keller Williams Los Angeles
Source:
CRMLS Logo
MLS #: 25504093

Property Description

*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.*Property Fully Lease for the 2025-2026 Academic School Year! Introducing The Pointe, a fantastic investment opportunity located at 1150 W 29th St., offering prime student housing in the heart of North University Park, just a short walk from the University of Southern California (USC) campus. This 6,422 sq. ft. building sits on a 6,840 sq. ft. lot and features 16 units, including 15 studio apartments and one 1-bedroom unit, all fully occupied by USC students. Renovated in 2005 and meticulously cared for since, The Pointe offers a well-maintained, turnkey property with an on-site laundry facility and a total of 10 parking spaces, including 4 tandem tuck-under parking spaces in the front and 6 tuck-under spaces in the rear.The property's prime location provides easy access to USC campus and USC Village, making it a highly desirable residence for students. With its close proximity to the USC campus, The Pointe enjoys a high demand for leasing, ensuring minimal vacancy and steady rental income. The building is owned and operated by CDI Management and is fully occupied by USC students. This is an exceptional opportunity for investors seeking a low-maintenance, fully occupied property in one of Los Angeles' most dynamic neighborhoods. Don't miss your chance to invest in this prime piece of student housing real estate with excellent potential for continued growth.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$58,521

TurboHome Estimated Value

$4,125,700

$642 sqft

High Valuation
$4,331,985
$675/sqft
Normal Valuation
$4,125,700
$642/sqft
Low Valuation
$3,919,415
$610/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$642/sqft$4,125,700

Neighborhood: South Los Angeles

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Comparative Value

$2.60M

$4.35M

1212 W 37th Dr 1, Los Angeles, CA 90007

Sale Price: $2,600,000

Selected Comparable

1150 W 29th St, Los Angeles, CA 90007

List Price: $4,350,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1150 W 29th St, Los Angeles, CA 90007

1150 W 29th St, Los Angeles, CA 90007

List: $4,350,000

Listed: 2/27/2025

Area:6,422 sqft
Price/sqft:$677
Beds:16
Baths:16
Year Built:
Lot Size:6,840

Comparable Properties

COMPARABLE
Choose comps
1212 W 37th Dr 1, Los Angeles, CA 90007

1212 W 37th Dr 1, Los Angeles, CA 90007

Sale: $2,600,000

4/10/20250.85 mi

Area:6,000 sqft
Price/sqft:$433
Beds:16
Baths:16
Year Built:
Weight:100.0%

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