*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* 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.
Property Details
Price:
$5,000,000
MLS #:
25504093
Status:
Active
Baths:
0
Address:
1150 W 29th Street
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Feb 27, 2025
State:
CA
ZIP:
90007
Lot Size:
6,840 sqft / 0.16 acres (approx)
Year Built:
1962
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Schools
Interior
Appliances
Oven
Cooling
None
Heating
None
Exterior
Parking Features
Covered
Parking Spots
10.00
Stories Total
2
Financial
Map
Community
- Address1150 W 29th Street Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
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1150 W 29th Street
Los Angeles, CA
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