NOT LISTED FOR SALE

Estimated Value: $1,145,000 - $2,653,000

20 Beds
21 Baths
7,918 Sq Ft
$248/Sq Ft Est. Value

Sale Details

Date Sold: February 12, 2025

Last sale price $2,775,000 $350 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $11,452 / mo

72 Days on Market

Highlights

  • New Construction
  • Gated Parking
  • Balcony
  • Solar Power System
  • City Lights View
  • Tandem Parking

About This Home

As of February 2025

Opportunity 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

Michael Fitzgerald

Rise Realty License #02016898 Listed on: 11/18/2024

Rise Realty

Co-Listed By

Isaac Davidi

The Davidi Company License #01819489

Last Buyer's Agent

Sue Kim

Bee Investment, Inc. License #01827069

Property Details

Home Type

  • Multi-Family

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

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

Property Details

Home Type

Multi-Family

Year Built

Built in 2024 | New Construction

Lot Details

6,252 Sq Ft Lot

Parking

7

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 7918
  • Lot Acreage: 0.1435
  • Lot Dimensions: 50x125
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2024
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Bedrooms: 20
  • Laundry: In Unit
  • Total Bathrooms: 21.00
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Solar Panels, Washer, Dryer
  • Price Per S Q F T: 365.62

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • View: City, City Lights, Skyline
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 7
  • Other Spaces: 2
  • Covered Parking: 7
  • Parking Garage: Tandem, Gated, Garage - 1 Car, Garage - 2 Car
  • Total Parking: 9

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 21.43
  • Assessed Improvement Value: 150000
  • Assessed Land Percent: 78.57
  • Assessed Land Value: 550000
  • Total Assessed Value: 700000
  • Assessor Parcel Number: 5128-004-010
  • Lot Size Area: 6252

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.12
  • Number Of Units: 5
  • Type Of Units: Townhomes

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Jan 3, 2025
Sold by
Bought by
Seller's Agent
Michael Fitzgerald
Rise Realty
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
$1,965,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$809,974
Avg. Annual Appreciation
-21.18%

Purchase Details

Listed on
Jul 26, 2022
Closed on
Aug 31, 2022
Sold by
Bought by
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
2

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
0.038%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 26, 2022
Closed on
Aug 3, 2022
Sold by
Bought by
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
2

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
0.038%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2017
Sold by
Bought by

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
0.043%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2005
Sold by
Bought by

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
0.0685%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Bought by

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
0.063%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2001
Sold by
Bought by

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
0.087%

Purchase Details

Closed on
Dec 28, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,775,000 Provident Title Company
-- Provident Title
$700,000 Pacific Coast Title
-- First American Title
-- Alliance Title San Diego
-- Fidelity National Financial
-- --
-- Fidelity National Title
-- United Title Company
-- United Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $442,000
Previous Owner $209,050
Previous Owner $38,100
Previous Owner $258,000
Previous Owner $238,000
Previous Owner $194,500
Previous Owner $144,000
Previous Owner $123,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,941 $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

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Map

Source: The MLS

MLS Number: 24-463491

The MLS

APN: 5128-004-010

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