NOT LISTED FOR SALE

129 E 29th St Los Angeles, CA 90011

Historic South Central Neighborhood
6 Beds
5 Baths
4,268 Sq Ft
6,252 Sq Ft Lot

Last Sold January 31, 2014

Last sale price $600,000 $141 Per Sq Ft

14 Days on Market

About This Home

As of January 2014

This property consists of 2 buildings on a lot of 6,252 sq ft. The front building is the 4 unit that is 3558 sq ft. Each unit is 1 bed/1 bed. The second building is in the rear and is 2 bed/ 1 bath approx. 710 sq ft. Built in 1915. Do not walk on property or disturb tenants. Unaware of sale.

This 5 unit property is close to freeway access of the 110 & 10 freeway. Some of the well known landmarks within driving distance from the property are USC Campus, Shrine Auditorium, Hollywood Park Racetrack, Exposition Park, Los Angeles Memorial Coliseum, Staple Center, LA Live to name a few. Los Angeles is a major job hub for many people and has a strong rental market.

Last Agent to Sell the Property

Kuan Sung

RE/MAX 2000 REALTY License #00970799 Listed on: 12/02/2013

RE/MAX 2000 REALTY

Co-Listed By

Carlos Skubacz

RE/MAX 2000 Realty License #01474295

Last Buyer's Agent

Sho Young Chang

C-West Realty License #01361523

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 6,252 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,268 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 2246
  • Assessor Parcel Number 5128003037

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,329
  • Trash Expense $1,309
  • Water Sewer Expense $1,553
  • New Taxes Expense $7,938
  • Gross Income $5,190
  • Net Operating Income $47,263

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.56
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1553.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5128003037
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 140.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 1309.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6252.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 889
  • Average2 Bed Area: 710
  • Gross Income: 5190.00
  • Gross Multiplier: 10.04
  • Gross Scheduled Income: 62280.00
  • Insurance Expense: 1329.00
  • Lot Size Area: 6252.0000 Square Feet
  • Net Operating Income: 47263.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 13269.00
  • Operating Expense Percent: 21.00
  • Rent Control: Yes
  • Total Actual Rent: 5190.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7938.00
  • Tax Area: 4
  • Tax Lot: 38
  • Tax Tract Number: 2246
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
01/31/2014 01/31/14 Sold $600,000 -4.0% $141 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
12/02/2013 12/02/13 For Sale $625,000 -- $146 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Kuan Sung

    RE/MAX

    Section Image

  • C

    Seller Co-Listing Agent in 2014

    Carlos Skubacz

    RE/MAX 2000 Realty

  • S

    Buyer's Agent in 2014

    Sho Young Chang

    C-West Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13240481

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90011 Historic South Central

129 E 29th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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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. Properties may or may not be listed by the office/agent presenting the information

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