$5,250,000
$1M PRICE DROP

Estimated payment $32,975/month

Total Views 3,437
20 Beds
18 Baths
8,966 Sq Ft
$586 Price per Sq Ft

About This Home

*The Tower is part of the 5-building CDI Management Student Housing Portfolio at USC or may be sold separately.* Introducing The Tower, an exceptional investment opportunity located at 1102 W 29th St. in the highly sought-after North University Park neighborhood. This 8,966 sq. ft. building sits on a 7,495 sq. ft. lot and offers 12 well-maintained units, including two 3-bedroom apartments, four 2-bedroom units, and six 1-bedroom units. Renovated in 2005 and meticulously cared for, The Tower provides modern living spaces with desirable amenities, including an on-site laundry facility and 8 parking spaces. The property's prime location, just a short walk to the University of Southern California (USC) campus, USC Village, and retail amenities along Figueroa St., makes it an attractive choice for USC students seeking convenience and comfort.With excellent visibility along Hoover St., The Tower benefits from high exposure as it's directly in the path of those entering the main USC campus. This property offers a unique opportunity to own a well-positioned, income-generating asset in one of Los Angeles' most dynamic and growing neighborhoods. The building is owned and operated by CDI Management and is fully occupied by USC students. Whether you are an experienced investor or new to student housing, The Tower promises excellent potential with its proximity to USC and its continued demand for quality student accommodations. Don't miss this chance to secure a prime investment in a thriving location!

Listing Agent

Michael Fukushima

Keller Williams Los Angeles License #01380445 Listed on: 02/27/2025

Keller Williams Los Angeles

Co-Listing Agent

Stephen Watson

Keller Williams Los Angeles License #01187813

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,495 Sq Ft Lot

Parking

  • 8 Parking Spaces

Interior Spaces

  • 8,966 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 18 Bathrooms

Community Details

  • 12 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for gardener, gas, electricity, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8966
  • Price Per Unit: 487500.00
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Total Bathrooms: 18.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 585.55

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 8

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 7495

Rental Info

  • Monthly Gross Income: 38480.00
  • Owner Pays: Gardener, Gas, Electricity, Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.37
  • Gross Scheduled Income: 461760.00
  • Number Of Units: 12
  • Rent Control: 100
  • Total Annual Expense: 131147
  • Type Of Units: Residential
  • Vacancy Rate: 8%

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $5,250,000 -10.3% $586 / Sq Ft
05/07/2025 05/07/25 Price Changed $5,850,000 -10.0% $652 / Sq Ft
02/27/2025 02/27/25 For Sale $6,500,000 -- $725 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25504265

The MLS