18
See all 18 photos
$4,940,000
Est. payment /mo
7,740 Sqft Lot
Price Dropped by $510K
1009 E 29th ST Los Angeles, CA 90011
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26084832
HOA Y/N No
Year Built 2026
Lot Size 7,740 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 1009 E 29th St, a newly constructed 19-unit multifamily asset located in a central Los Angeles submarket with convenient access to Downtown Los Angeles and surrounding employment centers.
***The property is nearing Certificate of Occupancy and will be delivered 100% vacant, providing investors with full operational control and the ability to implement a customized lease-up strategy from inception.
>>The asset offers a more manageable scale relative to larger developments, allowing for a more efficient lease-up and reduced execution risk. The building is fully ADA compliant, supporting a wide range of operational strategies, including workforce, voucher-based, or supportive housing.***
As new construction, the property requires no immediate capital expenditure, offering a stabilized physical plant and allowing ownership to focus on leasing and operations. The vacant delivery further enhances flexibility, eliminating tenant-related constraints and enabling immediate occupancy.
1009 E 29th St presents an opportunity to acquire a newly delivered multifamily asset with operational flexibility, reduced near-term capital needs, and a clear path to stabilization.
***The property is nearing Certificate of Occupancy and will be delivered 100% vacant, providing investors with full operational control and the ability to implement a customized lease-up strategy from inception.
>>The asset offers a more manageable scale relative to larger developments, allowing for a more efficient lease-up and reduced execution risk. The building is fully ADA compliant, supporting a wide range of operational strategies, including workforce, voucher-based, or supportive housing.***
As new construction, the property requires no immediate capital expenditure, offering a stabilized physical plant and allowing ownership to focus on leasing and operations. The vacant delivery further enhances flexibility, eliminating tenant-related constraints and enabling immediate occupancy.
1009 E 29th St presents an opportunity to acquire a newly delivered multifamily asset with operational flexibility, reduced near-term capital needs, and a clear path to stabilization.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking, Street Lights, Sidewalks, Urban
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction Yes
Others
Senior Community No
Tax ID 5128022025
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc. 310-801-7373, DRE #01315042
NEARBY SCHOOL & BUSINESS
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