ParkingDoor-Multi, Door-Single, Garage, Gated, Tandem
Garage7 spaces
Year BuiltNew Const., 2024
HeatingCentral
CoolingCentral Air
ViewCity Lights
MLS #24463491
Lot Size0.14 Acres
StatusActive
About 212 E 29th St
Opportunity Zone!! This newly constructed 5-unit property at 212 E 29th St., presents an outstanding opportunity with a pro-forma 6.26% cap rate, making it ideal for investors seeking strong returns. Two of the units are currently leased at $4,100 per month. The fully gated property consists of two brand-new buildings, a duplex in front and duplex plus attached ADU at rear, thoughtfully designed with modern amenities and low-maintenance features. Each unit is equipped with sleek stainless steel kitchen appliances, in-unit washer and dryers, and energy-efficient tankless water heaters. Some of the units offer breathtaking views of Downtown LA, adding even more appeal to potential tenants. With a total of 9 parking spaces, 7 secure garages and 2 partially covered carports plus room to create an additional space, the property provides ample parking, a major bonus for city living. The property's prime location is a key selling point, situated near major institutions like USC, LA Trade-Tech College, and California Hospital Medical Center, making it attractive to students, faculty, and medical professionals alike. It's also just a short distance from Downtown LA's vibrant entertainment and dining scene, including LA Live, Staples Center, and a variety of acclaimed restaurants. Surrounded by schools, parks, and community amenities, this property appeals to a wide range of tenants. With minimal landscaping and a design that emphasizes low upkeep, this turnkey investment is poised for long-term growth and steady cash flow in one of LA's rapidly developing neighborhoods. Don't miss the chance to capitalize on this unique offering!
This property is $1.8M more than the Median Sold Price and $274/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24463491
Listing Office:
Office Name: Power Brokers
Office Phone: (424) 738-5900
Listing Agent: Michael Fitzgerald
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 22, 1989
Dec 22, 1989Home Sold
$80,000
Dec 22, 1989
Dec 22, 1989Home Sold
$80,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,214
$173,780
2020
$2,148
$171,999
2019
$2,092
$168,628
2018
$2,046
$165,323
2017
$2,046
$162,082
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Dolores Huerta Elementary School
260 E 31st St
Distance between this listing and this school0.14 miles
Public District Grades KG-5
3
/10
28th Street School
2807 Stanford Ave
Distance between this listing and this school0.48 miles
Public District Grades KG-5
6
/10
Accelerated Charter Elementary School
3914 S Main St
Distance between this listing and this school0.52 miles
Public Charter Grades KG-6
Nearby Schools
6
/10
John Adams Middle School
151 W 30th St
Distance between this listing and this school0.21 miles
Public District Grades 6-8
3
/10
William Jefferson Clinton Middle School
3500 S Hill St
Distance between this listing and this school0.47 miles
Public District Grades 6-8
6
/10
Accelerated
4000 S Main St
Distance between this listing and this school0.80 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Animo Jackie Robinson High School
3500 S Hill St
Distance between this listing and this school0.48 miles
Public Charter Grades 9-12
9
/10
Orthopaedic Hospital
300 W 23rd St
Distance between this listing and this school0.53 miles
Public District Grades 9-12
5
/10
Santee Education Complex
1921 Maple Ave
Distance between this listing and this school0.62 miles
The neighbors living near this home have an average income of $40,233. The majority of Los Angeles, CA residents have income between $35k-100k annually. Typical family type is married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 212 E 29th St
What is the listing price of this property?
The listing price of 212 E 29th St property is $2,895,000.
What type of property is this?
The property 212 E 29th St is a house located in Los Angeles, California, 90011.
Is this property for sale now?
Active Listing: 212 E 29th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,214 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 22, 1989 for $80,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 212 E 29th St has 20 bedrooms and 21 bathrooms.
What is the square footage of this property?
The property 212 E 29th St is 7,918 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 212 E 29th St is 2024.
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This home is located at 212 E 29th St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This 7,918 square foot home, which was built in 2024, sits on a 0.14 acre lot. Features: 20 bedrooms, 21 bathrooms. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $2,895,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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