212 E 29th St Los Angeles, CA 90011
Historic South Central Neighborhood
20
Beds
21
Baths
7,918
Sq Ft
6,252
Sq Ft Lot
Highlights
- New Construction
- Gated Parking
- Balcony
- Solar Power System
- City Lights View
- Tandem Parking
About This Home
As of February 2025Opportunity Zone!! This newly constructed 5-unit property at 212 E 29th St., presents an outstanding opportunity with a pro-forma 6.26% cap rate, making it ideal for investors seeking strong returns. Two of the units are currently leased at $4,100 per month. The fully gated property consists of two brand-new buildings, a duplex in front and duplex plus attached ADU at rear, thoughtfully designed with modern amenities and low-maintenance features. Each unit is equipped with sleek stainless steel kitchen appliances, in-unit washer and dryers, and energy-efficient tankless water heaters. Some of the units offer breathtaking views of Downtown LA, adding even more appeal to potential tenants. With a total of 9 parking spaces, 7 secure garages and 2 partially covered carports plus room to create an additional space, the property provides ample parking, a major bonus for city living. The property's prime location is a key selling point, situated near major institutions like USC, LA Trade-Tech College, and California Hospital Medical Center, making it attractive to students, faculty, and medical professionals alike. It's also just a short distance from Downtown LA's vibrant entertainment and dining scene, including LA Live, Staples Center, and a variety of acclaimed restaurants. Surrounded by schools, parks, and community amenities, this property appeals to a wide range of tenants. With minimal landscaping and a design that emphasizes low upkeep, this turnkey investment is poised for long-term growth and steady cash flow in one of LA's rapidly developing neighborhoods. Don't miss the chance to capitalize on this unique offering!
Last Agent to Sell the Property
Power Brokers License #02016898 Listed on: 11/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,833
Year Built
- Built in 2024 | New Construction
Lot Details
- 6,252 Sq Ft Lot
- Lot Dimensions are 50x125
Parking
- 2 Open Parking Spaces
- 7 Car Garage
- 2 Carport Spaces
- Tandem Parking
- Gated Parking
Home Design
- Split Level Home
Interior Spaces
- 7,918 Sq Ft Home
- 3-Story Property
- Laminate Flooring
- Skyline Views
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 20 Bedrooms
- 21 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
- Sewer in Street
Additional Features
- Solar Power System
- Balcony
Community Details
- 2 Buildings
- 5 Units
Listing and Financial Details
- Tenant pays for electricity, gas, water
- Assessor Parcel Number 5128-004-010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2024
Closed on
Jan 3, 2025
Sold by
Beloit Company Llc
Bought by
Baekdoo Properties Llc
Seller's Agent
Michael Fitzgerald
Power Brokers
Buyer's Agent
Sue Kim
Bee Investment, Inc.
List Price
$2,895,000
Sold Price
$2,775,000
Premium/Discount to List
-$120,000
-4.15%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$473,573
Avg. Annual Appreciation
-29.75%
Purchase Details
Listed on
Jul 26, 2022
Closed on
Aug 31, 2022
Sold by
Beloit Company Llc
Bought by
Beloit Company Llc
Seller's Agent
ELIZABETH AGUILERA
ELEVATE REAL ESTATE AGENCY
Buyer's Agent
ELIZABETH AGUILERA
ELEVATE REAL ESTATE AGENCY
List Price
$650,000
Sold Price
$700,000
Premium/Discount to List
$50,000
7.69%
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.26%
Original Mortgage
$442,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 26, 2022
Closed on
Aug 3, 2022
Sold by
Rosalinda Hernandez
Bought by
Beloit Company Llc
Seller's Agent
ELIZABETH AGUILERA
ELEVATE REAL ESTATE AGENCY
Buyer's Agent
ELIZABETH AGUILERA
ELEVATE REAL ESTATE AGENCY
List Price
$650,000
Sold Price
$700,000
Premium/Discount to List
$50,000
7.69%
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 24, 2017
Sold by
Hernandez Rosalinda
Bought by
Hernandez Rosalinda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,050
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 7, 2005
Sold by
Sosa Aldana Salomon
Bought by
Hernandez Rosalinda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 9, 2004
Sold by
Hernandez Rosalinda
Bought by
Hernandez Rosalinda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,500
Interest Rate
6.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 5, 2003
Sold by
Hernandez Jose S
Bought by
Hernandez Rosalinda and Hernandez Jose Saul
Purchase Details
Closed on
Oct 26, 2001
Sold by
Hernandez Jose Saul
Bought by
Hernandez Jose Saul and Hernandez Estela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8.7%
Purchase Details
Closed on
Dec 28, 1998
Sold by
Martel Jesus R
Bought by
Hernandez Jose Saul and Hernandez Estela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,650
Interest Rate
6.82%
Similar Homes in Los Angeles, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,775,000 | Provident Title Company | |
| Grant Deed | -- | Provident Title | |
| Grant Deed | $700,000 | Pacific Coast Title | |
| Interfamily Deed Transfer | -- | First American Title | |
| Interfamily Deed Transfer | -- | Alliance Title San Diego | |
| Interfamily Deed Transfer | -- | Fidelity National Financial | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | -- | United Title Company | |
| Interfamily Deed Transfer | -- | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $442,000 | New Conventional | |
| Previous Owner | $209,050 | New Conventional | |
| Previous Owner | $38,100 | Credit Line Revolving | |
| Previous Owner | $258,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $238,000 | New Conventional | |
| Previous Owner | $194,500 | New Conventional | |
| Previous Owner | $144,000 | No Value Available | |
| Previous Owner | $123,300 | Unknown | |
| Previous Owner | $90,650 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Sold | $2,775,000 | +71977.9% | $350 / Sq Ft |
| 01/29/2025 01/29/25 | Pending | -- | -- | -- |
| 01/05/2025 01/05/25 | Rented | $3,850 | 0.0% | -- |
| 11/18/2024 11/18/24 | For Sale | $2,895,000 | 0.0% | $366 / Sq Ft |
| 10/21/2024 10/21/24 | Price Changed | $3,483 | -2.6% | $2 / Sq Ft |
| 10/08/2024 10/08/24 | Price Changed | $3,575 | -7.1% | $2 / Sq Ft |
| 10/02/2024 10/02/24 | Price Changed | $3,850 | -1.3% | $3 / Sq Ft |
| 09/04/2024 09/04/24 | For Rent | $3,900 | 0.0% | -- |
| 08/23/2022 08/23/22 | Sold | $700,000 | +7.7% | $672 / Sq Ft |
| 07/30/2022 07/30/22 | For Sale | $650,000 | 0.0% | $624 / Sq Ft |
| 07/28/2022 07/28/22 | Pending | -- | -- | -- |
| 07/28/2022 07/28/22 | For Sale | $650,000 | -7.1% | $624 / Sq Ft |
| 07/27/2022 07/27/22 | Off Market | $700,000 | -- | -- |
| 07/26/2022 07/26/22 | For Sale | $650,000 | -- | $624 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,833 | $728,280 | $572,220 | $156,060 |
| 2024 | $8,833 | $714,000 | $561,000 | $153,000 |
| 2023 | $8,663 | $700,000 | $550,000 | $150,000 |
| 2022 | $2,246 | $177,255 | $110,785 | $66,470 |
| 2021 | $2,214 | $173,780 | $108,613 | $65,167 |
| 2019 | $2,149 | $168,628 | $105,393 | $63,235 |
| 2018 | $2,093 | $165,323 | $103,327 | $61,996 |
| 2016 | $1,990 | $158,905 | $99,315 | $59,590 |
| 2015 | $1,962 | $156,519 | $97,824 | $58,695 |
| 2014 | $1,976 | $153,454 | $95,908 | $57,546 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Fitzgerald
Seller's Agent in 2025
Michael Fitzgerald
Power Brokers
(310) 793-6136
2 in this area
10 Total Sales
-
Yohann Bensimon
Seller's Agent in 2025
Yohann Bensimon
Keller Williams Hollywood Hills
(310) 801-1242
47 Total Sales
-
Isaac Davidi
Seller Co-Listing Agent in 2025
Isaac Davidi
The Davidi Company
(310) 997-0311
1 in this area
48 Total Sales
-
Sue Kim
S
Buyer's Agent in 2025
Sue Kim
Bee Investment, Inc.
(213) 268-6104
2 in this area
18 Total Sales
-
ELIZABETH AGUILERA
E
Seller's Agent in 2022
ELIZABETH AGUILERA
ELEVATE REAL ESTATE AGENCY
(951) 217-1247
1 in this area
18 Total Sales
Map
Source: The MLS
MLS Number: 24-463491
APN: 5128-004-010
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