1009 E 29th Street, Los Angeles, California 90011
- $4,940,000
- $5,450,000
- $4,940,000
- $5,450,000
Overview
- Apartment, Residential Income
- 10324 Sqft
- 2026
Description
We are pleased to present 1009 E 29th St, a newly constructed 19-unit multifamily asset located in a central Los Angeles submarket with convenient access to Downtown Los Angeles and surrounding employment centers. ***The property is nearing Certificate of Occupancy and will be delivered 100% vacant, providing investors with full operational control and the ability to implement a customized lease-up strategy from inception. >>The asset offers a more manageable scale relative to larger developments, allowing for a more efficient lease-up and reduced execution risk. The building is fully ADA compliant, supporting a wide range of operational strategies, including workforce, voucher-based, or supportive housing.*** As new construction, the property requires no immediate capital expenditure, offering a stabilized physical plant and allowing ownership to focus on leasing and operations. The vacant delivery further enhances flexibility, eliminating tenant-related constraints and enabling immediate occupancy. << The location provides access to major transportation corridors, public transit, and a broad base of employment drivers throughout the Downtown Los Angeles area, supporting long-term rental demand. 1009 E 29th St presents an opportunity to acquire a newly delivered multifamily asset with operational flexibility, reduced near-term capital needs, and a clear path to stabilization.
Address
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Address: 1009 E 29th Street
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90011
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Country: US
Details
Updated on May 13, 2026 at 4:50 pm-
Property ID SB26084832
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Price $4,940,000
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Property Size 10324 Sqft
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Land Area 0.1777 Acres
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Year Built 2026
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Property Type Apartment, Residential Income
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Property Status Active
Additional details
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Listing Terms Cash to New Loan
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Biking, Street Lights, Sidewalks, Urban
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