*The Pointe is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Property Fully Leased for the 2025-2026 Academic School Year! Introducing The Pointe, a fantastic investment opportunity located at 1150 W 29th St., offering prime student housing in the heart of North… Read More 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. Read Less
Property listed by Keller Williams Los Angeles, Michael R. Fukushima 562-334-1500
Listing Snapshot
Days Online
279
Last Updated
Beds
16
Square Ft.
6,422
Lot Size
0.16 Acres
Year Built
1962
MLS Number
25504093
Additional Details
Appliances & Equipment
Oven
Building
Built in 1962, Living area: 6422.0, 1 building, 2 stories, Levels: Two, MultiSplit
Cooling
None
Heating
None
Income
Gross Income: $374,280, Net Operating Income: $203,143
Lot
0.157 acres
Parking
10 total parking spaces, Covered
Taxes
Parcel Number: 5055029018, Zoning: LAR3
Tenant Pays
Electricity
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Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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