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Stacey Alysson Melman

1477 W 29th ST
Los Angeles, CA, 90007
$1,050,000
7 Beds
4 Baths
2,328 SqFt
0.13 Acres
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MLS #26833429 image #0
We are pleased to present the opportunity to acquire 1477 W. 29th Street, a fully renovated duplex student housing investment located in the highly coveted West of Campus neighborhood within the USC DPS Patrol Zone. Situated just blocks from the University of Southern California, the property benefits from one of the strongest student housing rental markets in Los Angeles, consistently achieving premium rents, full occupancy, and strong year-round tenant demand. The property is currently 100% vacant, with a scheduled rental income of approximately $9,500 per month. The property consists of a beautifully upgraded 6-bedroom + 3-bathroom craftsman single family residence originally built in 1907, along with a detached studio ADU, totaling approximately 2,328 rentable square feet situated on a 5,626 square foot lot. Both units have undergone extensive renovations featuring modern, high-end finishes throughout, including hardwood flooring, updated countertops, stainless steel appliances, tile showers with glass enclosures, in-unit washer and dryers, furnished bedrooms, updated kitchens and bathrooms, recessed lighting, and contemporary fixtures. The property also features gated access, and a large outdoor area, all highly desirable amenities for the USC student demographic. Operationally, the asset is highly efficient, with tenants responsible for all utilities; gas, water, trash and electricity, helping minimize landlord expenses and maximize net operating income. Offered at approximately a 9.15% cap rate and 9x GRM, the asset represents a rare plug-and-play investment opportunity combining strong in-place cash flow, and long-term appreciation potential in one of Los Angeles’ most resilient and supply-constrained rental submarkets.
AGENT: Davis Saadian
LISTING BROKERAGE: Keller Williams Hollywood Hills
1477 W 29th ST
Los Angeles, CA

Property Details

Price:
$1,050,000
MLS #:
26833429
Status:
Active
Beds:
7
Baths:
4
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
May 14, 2026
Finished Sq Ft:
2,328
Total Sq Ft:
2,328
Lot Size:
5,628 sqft / 0.13 acres (approx)
Year Built:
1907
CraftsmanC16 – Mid Los AngelesC16midlosangeles
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Schools

Interior

Appliances
MW, RF
Heating
CF
Interior Features
CF
Laundry Features
IN, DINC, WINC
Levels
U

Exterior

Architectural Style
CRF

Financial

Gross Operating Income
$114,000
Net Operating Income
$96,108

Map

Community

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