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% occupied by USC students and fully leased, generating approximately $7,500 per month. With a proven operational history, parental guarantees, and strong in-place cash flow, the asset offers investors immediate yield and stable income from day one. 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 6.5% cap rate and 12x 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.
Property Details
Price:
$1,095,000
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
See this Listing
Schools
Interior
Appliances
MW, RF
Heating
CF
Interior Features
CF
Laundry Features
IN, DINC, WINC
Levels
U
Exterior
Architectural Style
CRF
Financial
Map
Community
- Address1477 W 29th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90007
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 28, 2026
6,830
Single Family Listed
87
Avg DOM
430
Avg $ / SqFt
$1,688,476
Avg List Price
Property Summary
- 1477 W 29th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90007. It is listed for $1,095,000 and features 7 beds, 4 baths, and has approximately 2,328 square feet of living space, and was originally constructed in 1907. The current price per square foot is $470. The average price per square foot for Single Family listings in Los Angeles is $430. The average listing price for Single Family in Los Angeles is $1,688,476.
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